April 30, 2012
BJ Bounds
Have you noticed that perhaps your cash-to-close is a little high when you’re doing a 203K loan?
That’s because the supplemental origination fee is being counted twice. If you enter B 14 (from 203k worksheet screen) total rehab cost on page 4 of the 1003 line B (Alterations), the supplemental origination fee will show as a charge twice.
Here’s a quick work-around: Simply enter B 10 (from 203k worksheet screen) on page 4 of the 1003 to prevent the supplemental origination fee from duplicating. To prevent this fee from being charged twice you will need to show a credit for the supplemental origination fee under line L on page 4 of the 1003 using one of the blank fields.
If you want to show the supplemental origination fee as a financed fee, just increase the loan amount by the amount of the fee.
For details and step-by-step instructions, visit our Knowledge Base article #0780 or talk to one of our support specialists at 800-342-2599.
Leave a Comment » | 
Product Info & Tips | Tagged: 203K, 203K loan calculations, calyx point, Calyx Software, federal compliance, point, Point 7.6, Support | 
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Posted by BJ Bounds
April 26, 2012
BJ Bounds
Wow. We’ve heard that some LOS’s are charging extra for ULDD!
Here at Calyx we just can’t understand that. With Point, all the ULDD functionality you need is included at no extra charge. We’ve got you covered with ULDD and we’re not going to make you pay for it.
ULDD functionality was added with Point 7.5. The Fannie and Freddie ULDD export included additional fields in the ULDD XML file with the launch of Point 7.6 last week.
If you want more details on what you can do in Point with ULDD, visit the “The Low-down on ULDD” blog or check out our Knowledge Base.
Leave a Comment » | Compliance, Product Info & Tips | Tagged: calyx, calyx point, Calyx Software, Compliance, federal compliance, mortgage solution, point, PointCentral, ULDD | Permalink
Posted by BJ Bounds
April 25, 2012
BJ Bounds
Today I want to take the opportunity to thank all of the administrative professionals that have made our work lives so much easier over the years.
Having filled a similar position early in my career, I know how much work goes into the job they do. Depending on the office, the day in the life of an admin could be crazy busy and different every day, or monotonous and tedious most days with the occasional exciting event or task to break it up.
It’s actually a little like police work—so I’ve been told—minus the people spitting on you and sometimes trying to kill you! And just like police work, it can be a thankless position that we sometimes take for granted.
So take some time to day to express your appreciation to your favorite administrative professional!
2 Comments | General | Tagged: calyx, point, PointCentral | Permalink
Posted by BJ Bounds
April 19, 2012
BJ Bounds
MyCalyx® admins: You can update your software now! Point 7.6 is now an option in your version drop down list.
We recommend you push this version to your users as soon as possible.
PointCentral admins make sure you update your PointCentral server first. If you are using SQL 2000, you must upgrade to a newer version before installing 7.6.
We didn’t change the look of your screens but you’re going to find numerous upgrades in functionality for screens and reporting as well as improved integration with vendor interfaces.
Here are just a few of the updates you’ll see for Point:
- The ability to generate LEF file reports for RegulatorConnect
- Additional exportable fields for Fannie and Freddie ULDD files
- Improvements made to the Interfaces feature for ordering closing docs
- Enhanced UCDP portal for exporting XML appraisal files straight to Fannie Mae and Freddie Mac
- Several updated tax forms for adherence to current IRS versions
- Auto-forms update feature
The May 10th release of WebCaster will power these new features in Point 7.6:
- eDisclosures from the document management system through WebCaster borrower accounts
- The ability to post required documents from your Track Status screen into a borrower’s WebCaster account and also retrieve and store uploaded documents
If you’re using PointCentral, you’ll be happy to see that 7.6 offers stronger security and more options for ensuring compliance through business rules:
- Enhanced business management tools that give access to another user’s loan files and limit loan file operations for specific user or users groups
- Improved password management
- Additional field comparisons and a new “contains” rule for filtering in business rules
- 7.6 offers triple the number of additional fields for reporting
Download Point and PointCentral 7.6 through MyCalyx or call your account rep today at 800-362-2599 if you need to update your Calyx account.
Leave a Comment » | Product Updates | Tagged: 7.6, calyx, calyx point, Calyx Software, point, PointCentral, ULDD | Permalink
Posted by BJ Bounds
April 18, 2012
BJ Bounds
Tomorrow we’re launching Point and PointCentral 7.6. We encourage all users to update their software to Version 7.6 as soon as possible.
However, if your company is using SQL 2000, please be aware that you will need to update to a newer version before updating PointCentral to 7.6
If you would like specific information on system requirements, you can see details here or you can call our support team at 800-342-2599 if you have any questions.
Leave a Comment » | Product Info & Tips, Product Updates | Tagged: calyx point, Calyx Software, point, PointCentral, Support | Permalink
Posted by BJ Bounds
April 11, 2012
BJ Bounds
Calyx, the mortgage industry and Dennis Boggs have been interestingly intertwined to create a great cover story for Progress in Lending’s “Tomorrow’s Mortgage Executive.”
Read what our EVP of Business Development says about the past and what he sees as the future of mortgage industry.
Leave a Comment » | Uncategorized | Tagged: calyx, calyx point, Calyx Software, point | Permalink
Posted by BJ Bounds
April 4, 2012
BJ Bounds
We all get error messages; no matter what system or software we’re working in, something isn’t going to agree with what we are trying to do.
Getting error messages can be un-nerving, but some can be downright scary—even if they’re not really that bad.
For instance, due to a specific firewall issue, you might encounter this one when you try to download Point from MyCalyx: “Unhandled exception has occurred in your application. If you click Continue, the application will ignore this error and attempt to continue. If you click Quit, the application will close immediately.”
But like I said, it’s really not that bad. If you receive this message, it’s because A Sonic Firewall is configured on the network with Content Filtering Enabled and Category 28 (Hacking/Proxy Avoidance Systems) listed as a Forbidden Category.
In this case, the firewall is blocking a specific MyCalyx IP address. All you need to do is configure the firewall to allow the IP address. It’s really a straightforward, simple process and you can find the details on our Knowledge Base article # 0770.
You can also find answers for many of your Point questions on the Knowledge Base with a quick search or if your account is current, you may call our Support Team at 800-342-2599.
Leave a Comment » | Product Info & Tips | Tagged: calyx point, Calyx Software, loan origination, point, PointCentral, Support | Permalink
Posted by BJ Bounds
April 3, 2012
Jessica Thompson
The April Interface Update took place yesterday, April 2nd. As a result, you’ll see a new service within your Point® software.
MGIC located under Mortgage Insurance in the Interfaces menu is now available in Point version 7.4 and higher. MGIC, the founder of the industry, is the largest private mortgage insurer, serving more than 3,300 lenders with locations across the country and Puerto Rico. MGIC provides a critical component of our country’s residential mortgage finance system, protecting mortgage investors from credit losses. Mortgage insurance from MGIC also benefits consumers by helping them achieve homeownership sooner with low-down-payment loans. Their latest integration with Point shows their commitment to providing customers with quality, efficient technology.
Find MGIC under Mortgage Insurance in the Interfaces menu. Visit http://www.mgic.com/origination/los_miorderinterface.html for more information.
Remember, every month we add new service providers to our software. This enables you to have the tools you need to success right at your fingertips. Be on the lookout of our monthly blog about new Interfaces in Point!
1 Comment | Calyx Network | Tagged: affordable, Calyx Network, calyx point, Calyx Software, MGIC, morgage insurance, mortgage software, point | Permalink
Posted by Jessica Thompson
April 2, 2012
BJ Bounds
On April 19th, we are launching our latest Point and PointCentral releases. Version 7.6 has a little something for everyone so you don’t want to miss it.
Point functionality has been improved and we have upgraded our vendor interfaces. Here are just a few of the changes you’ll see:
- The ability to generate LEF file reports for RegulatorConnect
- Additional exportable fields for Fannie and Freddie ULDD files
- Improvements made to the Interfaces feature for ordering closing docs
- Enhanced UCDP portal for exporting XML appraisal files straight to Fannie Mae and Freddie Mac
- Several updated tax forms for adherence to current IRS versions
- Auto-forms update that enables federally mandated text/layout changes to be pushed automatically to existing forms quickly and easily to your system without the need for a downloadable service pack.
Additionally, coming with the May 10th release of WebCaster, Point will offer:
- eDisclosures from the document management system through WebCaster borrower accounts
- The ability to post required documents from your Track Status screen into a borrower’s WebCaster account and also retrieve and store uploaded documents
PointCentral offers greater security and more options for ensuring compliance through business rules:
- Enhanced business management tools that give access to another user’s loan files and limit loan file operations for specific user or users groups
- Improved password management for stronger system security
- Additional field comparisons and a new “contains” rule for filtering in business rules
- 7.6 offers triple the number of useable fields for reporting
Call your account rep today at 800-362-2599 if you need to update your Calyx account and look for the Point 7.6 option in MyCalyx.com on April 19th.
Click here for additional details on Point and PointCentral 7.6
2 Comments | Product Updates | Tagged: calyx point, Calyx Software, Compliance, LOS, mortgage software, point, PointCentral, RegulatorConnect, UCDP, ULDD | Permalink
Posted by BJ Bounds
March 28, 2012
BJ Bounds
Point is great about converting loan documents in to PDF’s. It’s a wonderful tool that keeps your documents secure and un-alterable. But PDF conversions can be finicky just like MS Word documents. Have you ever tried to save a word document with a “/” in it for date? It’s frustrating, but it just won’t take it.
Well, similarly, if you’ve got an extremely long file path name or a “forbidden” character, you will see “”Could not open .PDF because it is either not a supported file type or because the file has been damaged” when you try to open it.
The solution is to convert your forms to PDF’s and save them on your C: drive.
If you need step-by-step instructions with screen shots, visit Knowledge Base article # 0769.
You can also find answers for many of your Point questions on the Knowledge Base with a quick search or if your account is current, you may call our Support Team at 800-342-2599.
Leave a Comment » | Product Info & Tips | Tagged: calyx point, Calyx Software, loan origination, LOS, point, Point 7.5, Support | Permalink
Posted by BJ Bounds
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