At the 2007 MBA Mortgage Technology Conference, Calyx Software previewed Point version 6.0, which will be the first Point version to include mortgage banking-specific functionality. Point version 6.0 is expected to be released summer 2007, Calyx officials said, with the new banking solution provided at no additional cost. With 12 new screens in version 6.0, Point can provide report and status data for all activities, from underwriting through loan sale, and trail documents management, eliminating the need to use multiple systems when funding and selling loans. Key data will now be stored in Point, and loan team members will be able to perform loan reviews to prevent errors rather than find them afterwards. In addition, with the ability to run enhanced reports on that data, and more data access control, Point can be relied upon as a system of record for small and midsize bankers, Calyz said. Along with the banking screens, updated reporting functionality will be available in version 6.0 with both standard and custom reports available. Point 6.0 will also offer a â€œsnapshot reportâ€? of the company. In short, at any moment, an owner can run a report to answer the question “am I making money?” Included in this report is loan status, cost of doing business, and a summary of the company’s “book of business,” with the added ability to sort by loan officer, branch, region, day, year, or any other metric.
Most Popular Articles
Home price growth slowed further in January, with prices down 5.1% nationwide from the peak hit in June 2022.
Tech hub housing markets cool as industry turmoil dampens demand HW+
Agile fintech firm executes first fully automated AOT transaction HW+
Bank failures may be the catalyst for an economic recession HW+
Fannie Mae executes CIRT deals on $31B of single-family loans HW+
Opinion: The risk from Fannie Mae’s mission creep HW+