LenderFlex Completes Integration into Calyx Point
September 12, 2007 (PRLEAP.COM) Business News
ATLANTA, GA, September 12, 2007 – LenderFlex™ and Calyx® Software today announced the completion of the integration of the LenderFlex Product Pricing and Eligibility Solution into Calyx Point®. This integration will allow Point users to price borrowers against hundreds of loan products with no re-keying of information. LenderFlex allows simple pre-qualification and underwriting-ready pricing from the same form, giving Point users the ability to pull or re-access borrower credit information in real-time, empowering originators with critical data during the sales process. Utilizing LenderFlex’s proprietary credit analysis tools, originators can work multiple credit scenarios to ensure that a borrower’s eligibility is determined accurately and that they can run pricing based on each credit scenario.
LenderFlex is built on a flexible, rules-based engine that accommodates all lender guidelines, adjustments, pricing rules and all types of loan products, so originators can always find a match for their borrower’s unique loan scenario (Prime, Alt-A, and Subprime). LenderFlex integrates complete Verification of Liabilities (VOL) information, including full trade line details, mortgage lates and credit seasoning, giving originators comprehensive, underwriting-ready pricing search results with actual APR rates, closing costs and origination fees.
According to Dennis Boggs, Senior Vice President of Business Development at Calyx Software, “Point users will now be able to take advantage of LenderFlex’s one-click access to instantaneous, accurate credit analysis and pricing results — eliminating the need for them to rekey data and the fear that data will be incorrect. They are going to be thrilled to work with LenderFlex.”