LodeStar Software Solutions announced its integration with CalyxSoftware’s Point, a loan origination software solution.
This new integration gives Calyx Point users access to state-of-the-art resources through the LOS.
“We are very excited to work with Calyx,” LodeStar CEO and Founder Jim Paolino said. “This integration will give their lender clients greater access to settlement services and title providers and help automate what was previously a somewhat manual process of filling out the loan estimate and closing disclosure.”
“Instead of having to wait days for title agents to send back their fees, lenders can populate them within seconds right into Point,” Paolino said.
The software will enable users to generate a quote from LodeStar’s loan estimate calculator without duplicating any data entry. A quote is then returned instantly to Point in the Consumer Financial Protection Bureau format, including settlement fees, title insurance premiums, municipal recording charges and transfer taxes for any location in the U.S.
Clients can choose to set up their own settlement service providers’ fees in the system, or they can opt to work with LoneStar’s national network of settlement agents.
“We’re pleased to be integrated with an innovative partner like LodeStar,” said Dennis Boggs, CalyxSoftware vice president of business development.
“This partnership will not only give our customers access to LodeStar’s network of settlement service providers, but will also accelerate the loan estimate process, eliminate the need for duplicate data entry and reduce the risk of non-compliance with TRID,” Boggs said.