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Mortgage Compliance News | Mortgage Compliance Newsletter | Mortgage Regulations
News about complying with mortgage laws, rules and regulations.
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| Government Reporting on a Budget
Calyx announces regulatory report service
Nov. 5, 2013
By Mortgage Daily staff
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Mortgage firms can find help with government reporting requirements from a service provider that is known more for its technology offerings than its mortgage compliance products.
Government-required regulatory mortgage compliance reports are now available from Calyx Software. The service helps lenders adhere to state and federal regulations.
Calyx is the developer of Point, a loan origination system for residential lenders. It claims to hold a 36 percent share of the market serving community banks, credit unions and mortgage bankers.
The new offering targets mortgage bankers, mortgage brokers and financial institutions, according to the announcement.
The Home Mortgage Disclosure Act is among the regulations supported by Calyx Verifyde, as the service is dubbed.
Calyx, a Mortgage Daily advertiser, said the service addresses requirements of the Office of the Comptroller of the Currency and the Nationwide Mortgage Licensing System Call Report.
States supported by the service include California, Nevada, New Hampshire, North Carolina and South Carolina.
Calyx maintained its tradition of providing high-value product at an affordable cost, according the Dallas-based company's executive vice president of business development, Dennis Boggs.
"We wanted to keep Verifyde simple, so we created bundles to match each business type, with the specific state and federal reporting needs to match," Boggs said in the news release. "No need to shop a-la-carte."
The mortgage technology executive said the initial offerings provide a complete compliance reporting solution.
Verifyde is online at www.calyxsoftware.com/products/verifyde/index.asp. |
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Financial Regulation News | Mortgage Regulations
Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.
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Mortgage Technology news
Technology news for originators, executives and servicers. Coverage of LOS systems, loan product and p r i c i n g engines and other technology offered to the mortgage industry.
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