Calyx Point Loan Origination System Users Rely on ComplianceEase for Regulatory Compliance Audit
- ComplianceAnalyzer now offers streamlined checks from within Point software -
San Francisco, California. - January 08, 2008 - ComplianceEase®, a leading provider of mortgage industry automated compliance and risk management solutions, announced today that its automated compliance system, ComplianceAnalyzer®, will be available on Calyx Point's WebConnect™ platform on January 10th, 2008. Although ComplianceAnalyzer has been accessible through Point software for more than four years, this important and enhanced interface offers mortgage brokers and lenders the most complete and easy-to-use automated compliance system available.
"Calyx Point customers will now have the ability to run comprehensive compliance checks on their loans within seconds, without having to leave the Calyx Point LOS," said Nina Travinsky, vice president of ComplianceEase. "By using this new feature, Calyx Point customers have access to ComplianceAnalyzer reports at their fingertips. Additionally, every loan run through ComplianceAnalyzer is assigned with an industry baseline RiskIndicator that allows lenders of all types to quickly spot and avoid potential compliance issues."
Robin Hobson, president of Franklin Financial said, "We have been using ComplianceAnalyzer since 2002 and their detailed reports help us identify possible compliance issues before loans close; otherwise, these loans would have to be repurchased. We are very excited with the new upgraded version and look forward to improving our processing efficiency and conversion ratio."
Many current Calyx customers are already relying on ComplianceAnalyzer throughout their loan origination processes to better comply with federal, state and local anti-predatory / high cost lending legislations, as well as state-specific consumer credit laws and regulations. ComplianceAnalyzer provides a complete centralized view of their overall compliance performance and loan-level audit report, providing mortgage professionals with a more effective and effortless risk management tool to manage their business - especially under the current market environment.
"The addition of the automated compliance engine category and new service providers within Point give our customers real-time and seamless access to compliance audit results," said Dennis Boggs, senior vice president of Calyx Software. "This integration is essential for brokers and lenders and further increases efficiency, maximizes profitability, and most importantly enables them to close more loans more quickly."
ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the San Francisco Bay Area, is a premier provider of intelligent business solutions to the financial services industry. ComplianceEase's web-based platform, ComplianceAnalyzer, is the mortgage industry's leading automated compliance solution. The ComplianceEase expert system utilizes advanced reasoning and decisioning technologies as well as natural language processing to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase's significant and growing client base includes top tier mortgage lenders, banks, and Wall Street firms. The company is managed by a team of highly experienced and innovative mortgage professionals, and is funded by the First American Corporation, the WI Harper Group, and the senior management team. For more information about ComplianceEase, please visit www.ComplianceEase.com.
About Calyx Software
Calyx Software is dedicated to helping mortgage brokers, mortgage bankers, and direct lenders increase their profitability by providing reliable and affordable software that streamlines and optimizes all phases of the loan process. The Calyx Network connects loan officers and processors to more than 300 lenders and service providers, using technology that allows all parties to exchange data easily. This seamless interaction, coupled with the robust features in the Calyx Point® solution product line, increases efficiency and maximizes profitability by enabling more loans to close quickly. For more information, call (800) 362-2599 or visit the company's Web site at www.calyxsoftware.com.
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