Mortgage Tech Rundown: Calyx, CardTapp, and HomeLight

The latest in mortgage and real estate technology

Calyx, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders, announced the launch of a new version of its cloud-based Path loan origination system.

The system, Path Express, is designed for lenders that are looking for quick implementation, as well as efficiency and productivity. According to the company, the system delivers superior functionality for retail, delegated, non-delegated and correspondent lending.

“Path is designed to truly simplify the loan process and provide the flexibility, visibility, and controls needed for lenders to monitor and run their business the way they want to,” said Patrice Power, director of marketing at Calyx. “With guaranteed 99.95% consistent uptimes, the fastest implementation times in the industry, and now a pre-configured Express version, Path is dedicated to ensuring our customer’s long-term success.”

CardTapp, a digital assistant platform, recently announced an integration with Surefire by Top of Mind Networks, a customer relationship management and marketing automation software company for the mortgage lending industry.

In a press release, the company said the integration brings together Surefire’s new Power Calls capability with CardTapp’s digital assistant solution to increase loan officer productivity and enable speedier borrower outreach.

“The integration between CardTapp and Top of Mind exemplifies the passion both our companies have for exceeding customer expectations and equipping loan officers with tools that both maximize conversion in the short term and contribute to repeat business and referrals for higher lifetime customer value,” said David Orisini, chief product officer of Top of Mind.

Real estate tech platform HomeLight announced the launch of two new programs called the Cash Close and Elite Agent, which are both designed to deliver on the company’s promise of creating simpler transactions.

According to the company, Cash Close encompasses a suite of products that allow prospective buyers to make an all-cash offer on a new home — even before selling their existing one. By doing so, Homelight aims to eliminate contingencies from real estate transactions.

“Our vision at HomeLight is to make every real estate transaction simple, certain and satisfying. “Cash Close and HomeLight Elite Agent are huge steps toward fulfilling that vision,” said Drew Uher, founder and CEO at HomeLight.

The company’s Elite Agent program uses key metrics like days on market, transaction close rate, time to contact, win rate, and more to identify agents who qualify for additional privileges on HomeLight’s platform, such as:

  • Prominent Elite Agent badging on
  • Collateral for their office
  • First access to new HomeLight products and services.
  • Access to exclusive events and opportunities
  • A dedicated Elite Agent Success Team

“These products are a huge step forward for HomeLight’s clients — NAR transaction data shows that in November of 2019, 23% of settlements were delayed while 4% were canceled altogether,” said Uher. “Forty-one percent of those delays were caused by issues related to buyer financing. HomeLight’s goal with Cash Close is to take those numbers to zero.”

While Cash Close will be available to real estate agents and clients based on a waiting list  the company said HomeLight Elite Agents will receive priority registration. 

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