Calyx Enhances Its Product & Pricing Engine

DALLAS, TX--(Marketwired - February 09, 2016) - CalyxSoftware^®, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced today that it has developed separate versions of its Pricer^® Product & Pricing Engine for portfolio lenders with their own rate sheets (Custom Pricer) and originators looking for investor pricing supplied by Calyx (Investor Pricer).

Both versions are used seamlessly with Calyx Point^®, eliminating multiple logins, loan program templates, and the need to rekey data. The bidirectional data flow simplifies processes and improves accuracy and efficiency. Users can locate the best deals for their clients, see the street price for borrowers, and lock or float rates and their loans -- all online within the software they use every day.

Bob Dougherty, vice president of mortgage operations, Merchants Bank, N.A. who has used Pricer for years, particularly appreciates the product's ease of use and the automated accuracy he can count on. "Having all loan products in one place, with the ability to check the loan levels for each and see any adjustments, keeps our team on track at all times. Pricer has sped up production and reduced error, which helps our originators be more efficient and profitable."

Loan originators can price scenarios instantly and correctly in both versions without using paper, and only eligible rate cards and programs are visible to users. Rate and fee information, including Loan Level Price Adjustments (LLPAs), are automatically imported into loan files. Pricer also sends, tracks and preserves every rate quote and lock request.

"The latest enhancements to our Pricer solution are designed to better match the specific needs of both buyers and sellers in today's more complex, post-TRID, post-QM market," said Dennis Boggs, executive vice president, CalyxSoftware. "Our product and pricing engine gives originators the broadest view of what is available."

About CalyxSoftware

CalyxSoftware is a provider of mortgage software solutions for banks, credit unions, mortgage bankers and brokers. Dedicated to offering reliable, innovative software, our suite of products help streamline, integrate and optimize all phases of the loan process. Calyx Point® and PointCentral®, the remote access, server-based Point application, simplify loan processing and offer seamless integration with other Calyx products, including INK-it®, an easy-to-use, secure electronic signature product; Verifyde®, HMDA/NMLS Call Reporting; and WebCaster®, a professional, do-it-yourself website solution.

For more information call (800) 362-2599 or visit www.calyxsoftware.com.