Calyx Software Integrates AVM Providers Into Point

SAN JOSE, Calif.--(BUSINESS WIRE)--Calyx Software^®, the mortgage industry’s leading provider of loan marketing, originating and processing software, announced the addition of an automated valuation model (AVM) category to the Calyx Network, providing users of Calyx Point loan origination software with connection to participating AVM vendors. The new AVM category is accessed within Calyx Point’s services menu and includes four new companies providing appraisal and title insurance services.

Used primarily by mortgage lenders to pre-screen, underwrite, originate, and enhance quality control, automated valuation models (AVMs) significantly reduce the amount of time and money it takes to assess a property’s current market value. Using Calyx Point, a loan officer can order fully insured reports directly from the services menu’s AVM category and automatically receive and attach the appraisal document to the loan file.

The new category in Calyx Point currently includes four companies that specialize in providing AVM reports: Sacramento, Calif.-based First American CoreLogic; Columbus, Ohio-based CBCInnovis; Aliso Viejo, Calif.-based PLATINUMdata; and Troy, Mich.-based Title Source.

“Calyx Software continues to provide improved user-friendly features and functions for loan officers as well as a more streamlined and integrated process for ordering and receiving loan documents,” said Dennis Boggs, senior vice president of Calyx Software. “The addition of the valuable AVM category and new service providers within Point creates even more efficiency for lenders.”

About Calyx Software

Calyx Software^® is dedicated to helping mortgage brokers, mortgage bankers, and direct lenders increase their profitability by providing reliable and affordable software that streamlines and optimizes all phases of the loan process. The Calyx Network connects loan officers and processors to over 300 lenders and service providers, using technology that allows all parties to exchange data easily. This seamless interaction, coupled with the robust features in the Calyx Point^® solution product line, increases efficiency and maximizes profitability by enabling more loans to close quickly. For more information, call (800) 362-2599 or visit the company’s Web site at www.calyxsoftware.com.