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Technology Trends in Mortgage Banking

Scott Robbins - Saturday, June 26, 2010
In any business ensuring data security is a tremendously important issue, but even more important for mortgage companies. Just think for a moment what measures you must take to secure your physical documents and computer network. Your physical documents must be shredded, disposed of in locked bins and collected by professional disposal agents hired from private companies. Your digital documents must be stored in encrypted format, behind firewalls and under virus protection.

Having a security breach at your mortgage company in which you lost client data could be devastating to your business.  If you were to have clients’ identities stolen, or become the victim of internet theft, your reputation could be ruined and you could lose your business, not to mention the inevitable lawsuits that would ensue.  Many new state laws and regulations require you, as a business owner, to provide minimum protection standards to safeguard this critical information.  Simply put, most small to mid-sized mortgage organizations simply do not comply.  And really who has the time or resources to keep up with technology and regulatory issues?

In order to avoid this nightmare situation you must ensure that your data is protected by the most cutting edge security software, and administered to by experts. As a business owner you can either take the time to learn this yourself, which given the hectic and time consuming nature of the mortgage industry is highly unlikely; hire a full time technology professional which can be risky and costly, or outsource your technology needs to an experienced technology company like focusIT.

Of the three options, using managed services company is clearly the most logical and cost effective choice. By hiring a technology expert you ensure that your Calyx Software, Exchange Email Server and SharePoint document management infrastructure are properly installed and administered 24 hours a day, 7 days a week. Your software and all of your sensitive information is held on a hosted virtual server unique to your company, and stored in a secure SAS70 Type II data facility. This means that you, and only you, can access your files from anywhere without the need to physically take your database with you. These servers are protected with the latest security devices and overseen at all times to ensure that your and your clients’ information is protected.

Don’t take the risk of exposing your clients’ information and your reputation to lost or stolen data.  The technology trends in mortgage banking are moving towards these type of managed or outsource IT solutions.  Business owners see the value in moving their technology support to companies that focus on these services and spending more time on their business.  If you are interested in this type of outsourced IT technology solution call the experts at focusIT to learn more about securing your technology network. FocusIT is the largest Calyx PointCentral hosting company in the US.

Calyx Software Introduces MyCalyx.com

Scott Robbins - Monday, June 21, 2010
Calyx Software(R), the preferred provider of mortgage solutions for banks, credit unions, mortgage bankers and brokers, announced today the launch of MyCalyx.com(TM), the self-service web portal for users of Calyx solutions. MyCalyx simplifies Calyx account management with convenient web access and greater administrative control over Calyx accounts, allowing customers to spend more time building their businesses.

With MyCalyx, customers can save time and money on installation and upgrades of Calyx software. Downloading the software is quick and easy for each user assigned a login and password. Customers also now have greater control over seat assignments and can make changes with just a few clicks vs. uninstalling and reinstalling CD applications. "We've always been the low-cost provider of quality software, and we are pleased to provide this significant convenience to our valued customers," said Ted Hicks, product management group director for Calyx Software. "The added functionality of having a web portal allows greater control while keeping the process simple and the cost down."

Point(R) 7.3, scheduled for release in October, 2010, will be the first software update to be deployed exclusively via MyCalyx. Beginning with this release, MyCalyx will offer additional benefit of a convenient e-commerce engine that enables new customers to purchase software and existing customers to purchase additional seats or upgrade their software. Training classes will also be available for purchase via MyCalyx at a later date.

To learn more or to convert a current Calyx account to MyCalyx, call 800-362-2599 to speak with a sales representative.

About Calyx Software

Calyx Software, the #1 provider of mortgage solutions for banks, credit unions, mortgage bankers and brokers, is dedicated to offering reliable and affordable software that streamlines, integrates and optimizes all phases of the loan process. Point, the preferred application for mortgage brokers and bankers, offers advanced technology with functionality and simplicity that makes loan processing fast and easy. PointCentral enables a secure, efficient workflow with centralized storage and remote access. Using Calyx Network, loan officers can connect automatically with over 200 vendors and service providers with high-speed, seamless interaction. With Point SDK companies can easily integrate their current customer relationship management system, sales tools, lead generation software or any other back office systems with Calyx Point. All Calyx products are designed to maximize profitability by enabling more loans to close quickly. For more information, call (800) 362-2599 or visit www.calyxsoftware.com.

Experts In Managing Your Calyx Point Software

Scott Robbins - Monday, June 21, 2010
When you or your loan officers are selling your company and your services to a client one of the cornerstones of your pitch will inadvertently be the expertise you bring to the table. Why would a client want to slog through all of the paperwork, guidelines and regulations that make the mortgage industry so complex? That is why they pay you to perform this valuable service for them. You present to them the fact that you and your team are highly experienced professionals. This goes a long way to closing the deal and earning the business of a new client, correct?

So following this same line of reasoning, why would you not trust technology experts to assist you in your mortgage technology needs? Follow your own advice and bring on the services of a trained specialist to manage your Calyx® Point® software suite. By using the experts at focusIT you can ensure that your Calyx PointCentral system will be properly installed and administered.  Benefits to hosting your Calyx Point Software with a focusIT, inc include:
  • Reducing the go live time from several weeks to just a few days.
  • Never worrying about software updates or increasing hardware demands
  • Dramatically increased security of your systems are housed and managed in SAS70 Type II data centers
Beyond the myriad benefits of having the experts and specialized staff at focusIT, Inc. running your Calyx Point system, you will also see a dramatic reduction in cost to you. Why? Because you will not have to invest in the required hardware to run the system, and you will eliminate the need to hire the staff to administer to this complex system. This alone dramatically reduces overhead for your mortgage company by harnessing the power of true managed outsourcing. When the factors are weighed, the choice becomes clear. Trusting in experts at focusIT, Inc. is not only good for your clients, but also good for you and your business.  Contact the experts at focusIT to learn more about our hosted mortgage software solutions.

Calyx Network Interface added to Point

Scott Robbins - Monday, June 07, 2010
Calyx® Software®, a provider of loan marketing, originating and processing software, has expanded The Calyx Network with an Interface Update. The Calyx Network allows users of Point and PointCentral to connect directly with lenders and mortgage service providers, automating data exchange and streamlining the loan origination process all within the Point software. The June update contains a new connection to one new mortgage service provider located in the Interfaces menu:

• DocuTech - ConformX – Closing Docs

The monthly Calyx Network Interface update is automatically installed into Point versions 7.0 and higher when users open their software and connect to the Internet.

This was an original Press Release issued by Calyx® Software® on June 2nd.  You can view the original article at http://help.mycalyx.com/news/pressrelease.asp?ID=166.

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