Home - Grapevine - Ask the Experts - BrokerWire - Buyer's Guide - Classified Ads - Conference Calendar - Database - Free Newsletter - Making the Sale - Market Conditions - Marketing Tips - Mortgage University - The Paper Warehouse - Quality Time - Special Reports - SubPrime Lending - Technology News - This Week from Broker Magazine - What We're Hearing - WeirdLoans

Point Upgrade Makes Piggybacks Easier By James Comtois San Jose, Calif.-based loan origination software provider Calyx Software has released the latest version of its Point loan origination software, version 5.4, with increased piggyback loan functionality, a new loan status bar, added flexibility in reports, more comprehensive truth in lending disclosures and increased marketing functionality. The upgrade also offers the ability to order title, Title Report and verification of employment and verification of income. For piggyback loans, the new version of Point offers a streamlined process to originate and track these loans. The first and second loans are linked so that with a change in either loan, that change will flow through to the other, but only if it needs to. The program automatically determines which data needs to be updated. Additionally, a new loan status bar resides below the shortcut toolbar along the left hand side of the screen to so Point users can see a summary of the loan that updates dynamically as the user works the file. Point 5.4 also allows for view and permission options, paper size/orientation, and column width adjustment in reports. Other reporting changes include an option to either type in the field ID or select it from a dropdown menu, determine which fields are shown and which are hidden by checking or un-checking the radio buttons, and sort data or change column widths on the generated report for better viewing and printing. Title reports, VOEs and VOIs can now be ordered the same way as credit and flood. Point 5.4's Truth in Lending screen can now process a wider array of loan programs, like interest-only biweekly, IO buydowns, option ARMs and hybrid option ARMs. The software adds artwork to marketing materials and allows the import of a variety of file types, including jpegs, gifs and bitmaps. It also can resize an imported graphic to fit into the document. Pop-up help, which displays a description of the field when you rest the cursor over it, can be turned function on or off by clicking "select" or "deselect" in the utilities menu.

Click here for advertising information.
For technical support, e-mail webmaster@brokeruniverse.com
For reprints, call Charlton Sanabria at 212-803-8377.
Privacy Policy
© 2008 Broker magazine and SourceMedia, Inc. All rights reserved.
Use, duplication, or sale of this service, or data contained herein, is strictly prohibited.