SAN JOSE, Calif.--(BUSINESS WIRE)--Calyx Software®, the mortgage industry’s leading provider of loan marketing, originating and processing software, reported a market share of 67.9 percent from the recently completed Wholesale Access 2006 Mortgage Broker Study. Calyx Software has maintained a consistent market-leading share of 67.9 percent for the last two Wholesale Access studies.
Wholesale Access is a research, advisory and publishing company, founded in 1991, focused exclusively on the mortgage finance industry. The 2006 Wholesale Access Mortgage Broker study was conducted to monitor the role and value of mortgage brokerages in the origination of residential mortgages and represents the company’s eighth study of the industry. The research examined broker revenue and expense structures, demographics, use of technology, products, operations, wholesaler relationships and economics.
"Based on our 2006 survey, which was fielded in early 2007, Calyx has maintained its dominant market share of two-thirds since 2002 and is the market leader for loan origination systems (LOS),” said David Olson, president of Wholesale Access. “Most firms are satisfied or very satisfied with their current LOS provider, so we see little change in Calyx's market share in the future."
Calyx’s Point® application provides comprehensive mortgage functionality for loan marketing, prequalification, origination, underwriting, processing, management and reporting. The company recently released Point version 6.0, which expanded capabilities for both brokers and mortgage bankers.
“We are extremely pleased that Calyx Software continues to be the overwhelming vendor of choice for loan origination systems,” said Dennis Boggs, senior vice president of Calyx Software. “Calyx is focused on the needs of our customers and will continue to provide feature rich product enhancements to Point that are easy to use and reliable, enabling customers to remain successful in any market condition.”
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 numerous 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.