Calyx Software, a San Jose, Calif.-based provider of loan marketing, originating and processing software, has added a verification of employment and income (VOE/VOI) category within the Calyx Network – connecting users of Calyx Point loan origination software to participating employment and income verification vendors.
The addition of the VOE/VOI category allows mortgage brokers and bankers to request up-to-date, fraud-proof verifications of employment and income without leaving the loan file in Point, the company says. By accessing the services menu within Point, brokers can directly request verification of a borrower's employment and income from The Work Number, which is used by more than 50,000 different verifiers – including several major mortgage lenders.
"One of the biggest challenges in the loan closing process is managing the steps to request and receive income or employment verification," says Dennis Boggs, senior vice president of Calyx Software. "Integrating The Work Number within the Calyx Network instantly connects brokers to this information, further speeding the loan process."