Calyx’s PointCentral Notes Early Compliance With 2010 Regulations

Posted by Orb Staff on November 18, 2009 No Comments
Categories : Residential Mortgage

Calyx Software has announced that its PointCentral 7.2 complies with Real Estate Settlement Procedures Act regulations that become effective Jan. 1, 2010.

Additionally, in order to comply with the latest Fannie Mae mandate, Point 7.2 includes the new Transmittal Summary Form 1008 that is required for all loans taken on or after Jan. 1, 2010, and the new Application Form 1003 that is required for all loans taken on or after July 1, 2010.

Version 7.2 also offers enhanced banking screens for the fees and impounds, warehouse/funding, shipping, trailing documents, and product and pricing interfaces, Calyx Software says

The audit-trail feature, which allows the tracking of all field-level and document management changes on a per-loan basis, is only available in the PointCentral upgrade.

SOURCE: Calyx Software

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