9.9 overview webinar - calyx software · switching to loan product advisor s2s provides the...

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Point 9.9 Overview

Legal Disclaimer

2

The information presented is confidential and proprietary to Calyx Technology, Inc., dba Calyx Software (“Calyx”), and

may not be disclosed without the permission of Calyx. The purpose of this presentation is to provide information, rather

than advice or opinion. It is accurate to the best of the speaker’s knowledge as of the date of the presentation. To the

extent that this presentation contains any examples, please note that they are for illustrative purposes only and any

similarity to actual individuals, entities, places or situations is unintentional and purely coincidental. In addition, any

examples are not intended to serve as legal advice. No part of this presentation may be modified, printed, or presented

without the permission of Calyx.

© Calyx Technology, Inc. 2018. Calyx and Calyx Software are registered trademarks of Calyx Technology, Inc. All rights

reserved.

Tate KesnerDirector of Professional

Services & Dedicated

Customer Service

Tate, Director of Professional Services & Dedicated Customer

Services, draws from his extensive mortgage industry experience

to train and manage the day-to-day operations Calyx Software

services groups. His background includes: Senior Closer in the title

industry , Project Manager for a Commercial Developer, and Loan

Originator/Manager for a Mortgage Brokerage and Banker.

Tate has in-depth knowledge of the entire Calyx product line.

He has been a valued member of the Calyx Software family for

13 years.

Presenter

Housekeeping

• Type questions into the Questions box

• Handouts are available for download

• GoToWebinar Technical Difficulties

Support Line

888-259-8414

Agenda

• New payoff field

• New Freddie Mac System-to-System integration

• The Work Number field enhancements

• Loan application addendum

– Company defaults update

• Multiple sellers in “Sellers Table”

• Zip/Webcaster preferences screen

New Payoff Field

• Partial liability payoff

• Ratio calculation update

Liabilities Screen Updates

• Updated screen layout

• Added Payoff Amount

• New Payoff Amount field grayed out by default

Liabilities Screen Updates

• Auto populates balance if the liability is being paid off

• Supports partial payoff

- Clicking “Will be paid off” will

unlock “Payoff Amount” field

- Type partial payoff amount in

the “Payoff Amount” field

Full Balance Payoff

• Check Will be paid off

• Payoff Amount is auto populated from Balance

• Monthly Payment is not included in calculations

Partial Balance Payoff

• Check Will be paid off

• Enter the amount to be paid in Payoff Amount

• If Payoff Amount is less than Balance, Monthly Payment is included in calculations

Loan Application pg. 4 (Forms)

Include debts to be paid off - calculation update

• Line item d. Refi (Incl. debts to be paid off)

Only for refinance loans (cash out refinance) or (no cash out refinance)

Previously, populated the total balance of all liabilities marked will be paid off

NEW. Calculation will populate the total payoff amount of all liabilities

Calculation will populate the total payoff amount of all liabilities marked will be paid off

• FHA Statutory Requirements worksheet

screen affected

Payoffs & Payments (LE/CD)

• Populates from Payoff Amount instead of Balance if liability is paid off

Loan Estimate

Closing Disclosure ([Liabilities and Adjustments [match with Liability Type || [Type] matches with “Liability”)

Copy From Liabilities button

Freddie Mac

System–to–System (S2S)Access to

Loan Product Advisor

Highlights

• Obtain new credentials

• Set company defaults

• LPA Setup - required fields

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LPA browser integration – sunsets 12-31-2018

Switching to Loan Product Advisor S2S provides the following benefits:

• Faster login and automated results

• Seamless integration - no login required after initial setup

• Fewer clicks

• Edit loan file directly from Point/PointCentral

Registering is easy, just complete the online form at

http://www.freddiemac.com/singlefamily/loanadvisorsuite/loanproductadvisor/

S2Ssignup.html.

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Understanding the New Login Credentials

• You must obtain new login credentials

• Current (old credentials) will not work for new login area

• Sign up for new credentials at:

http://www.freddiemac.com/singlefamily/loanadvisorsuite/loanproductadvisor/S2Ssignup.html

Understanding New Login Credentials

• NEW. Freddie Mac S2S LPA issues a company login, individual user

logins are not used in S2S

• Credentials are stored in a secure location accessible by your

Point/PointCentral Administrator

• Input credentials

Utilities > Company Defaults > Freddie Mac LPA System-to-System

Understanding New Login Credentials

• Login details are stored in the Utilities menu

• Login credentials must be saved in each data folder containing loan

files that will be submitted to the LPA interface

Entering Credentials

(Seller Servicer)

1. Enter “Company Level User ID”

2. Enter “Company Level Authentication Password”

- Password is hidden, cannot copy and paste

3. Enter “LPA Password”


4. Enter “Seller Servicer #”

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Required Entries

Entering Credentials

(TPO)

1. Enter Company Level User ID

2. Enter Company Level Authentication

Password


3. Enter LPA Password


4. Enter Seller Servicer #

A. TPO’s are not assigned a Seller Servicer #

i. TPO Enter 121555

5. Enter Third Party Originator (TPO) #20

Required Entries


System-to-System Interface (LPA)

Added “Freddie Mac” under “Services” menu



Launches dialog to submit to LPA



• Transaction Request Type• Credit & Underwriting• Credit• Underwriting

• Credit Company• Specifies the credit agency fulfilling the credit report request

• Reorder Credit• Orders new credit for the borrower

• LPA Key/Loan ID/Check Status ID• Tracks the association between the loan file and the Freddie Mac

transaction

Request Screen



Addendum• Data collection screen for Freddie Mac

specific data components



View Documents• Launches dialog to view downloaded documents from interface

• Services > Freddie Mac > View Documents > Select Document

LPA Credentials

Freddie Mac

Customer Support Contact Center

800-FREDDIE

800.373.3343

8:00am to 9:00pm ET

The Work NumberField Enhancements

The Work Number

Field Enhancements

• Enhanced ability to select employer

- Use Employer

dropdown list to select

employer from Loan

Application pg. 2 and

verify through interface

The Work Number

Field Enhancements

Added “Re-verify” Request

• Re-verify the borrower/co-borrower’s

employment and income prior to

closing

CompanyDefaults

LoanApplicationAddendum

Company Defaults

Loan Application Addendum

• As of January 01, 2018, everyone should use the Loan Application Addendum

Company Defaults


• 9.9 enhances the PointCentral user security requirements

• Disables unauthorized access to Company Defaults and Loan Application Addendum

Company Defaults


• Loan Application page 4 will print greyed out with an X through Section X “Information For Government Monitoring Purposes”

Multiple Sellers“Sellers Table”

Multiple Sellers Table

• New Sellers Table

• Banker > Closing Documents > Basic Loan Information


• First row of Sellers table will synch with Track > Agent list

• Synchs from Track > Agent to sellers table first row

Banker>Closing Docs>Basic Loan Information Track>AgentBanker>Closing Docs>Basic

Loan Information


• “Legal Entity” checkbox from Track > Agent List matches with “Seller is a Trust….” checkbox in Sellers table

Banker>Closing Docs>Basic Loan Information Track>AgentBanker>Closing Docs>Basic

Loan Information


9.9 updates FHA Amendatory Clause/Real Estate Certification form• Allows printing of 2 sellers on forms• Prints first two sellers in the “Sellers Table”

Zip / WebcasterPreferences

Zip / Webcaster - Preferences

• Utilities > Zip/Webcaster Preferences

• Opens Preferences input screen

Zip/Webcaster - Preferences

• Added radial button to select Zip or Webcaster

• Determines which product imports

online loans

• Requires different configuration

parameters

• Supports WebCaster or Zip

Contact Information

Customer Relationship Managers800.362.2599

[email protected]

Dedicated Customer Service800.342.2599

[email protected]