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Calyx Point 7 User Manual

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Table of Contents

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Summary of Contents for Calyx Point 7

  • Page 3 Calyx Software makes no representations or warranties with respect to this information and will not guarantee the accuracy and completeness of any information. Users of this information do so with the understanding that Calyx Software is not engaged in the practice of law and does not render legal, accounting, or other professional services.

  • Page 5: Table Of Contents

    Contents Preface ..........xi Document conventions.
  • Page 6 Rebuilding lists ..............82 Calyx Software...
  • Page 7 Swapping and deleting prospects, borrowers, and co-borrowers ......83 Print and e-mail options ............84 Configuring print options.
  • Page 8 FHA Refinance MCAW screen ..........191 Calyx Software...
  • Page 9 VA loans............... 192 VA Loan Analysis (26-6393) .
  • Page 10 Viewing results ............348 Calyx Software...
  • Page 11 Viewing the Loan Prospector Feedback Certificate ....... . . 349 Updating Point files from Freddie Mac .
  • Page 12 Prequalifying by prospect ............421 viii Calyx Software...
  • Page 13 Chapter 17—Tasks ........423 Creating tasks ..............423 Processing task reminders .
  • Page 14 Index ..........495 Calyx Software...

  • Page 15: Preface

    Preface This information contains an overview of Point and its functions, as well as instructions for installing, customizing, and using Point. If you are new to Point, this information will get you started and help you as you become more comfortable with the application. If you are an experienced Point user, it can serve as a reference guide for information about more advanced functions.

  • Page 16: Terminology

    Access Knowledge Base articles by: Selecting Help > Support Online > Knowledge Base • from the menu • Opening a Web browser and entering: http://kb.calyxsupport.com/kb/ Help • Press <F1>. • Click the Help icon on the toolbar from any screen. Calyx Software...
  • Page 17 Product Information General product information and links to product support pages and the user guide are available at www.calyxsupport.com. Training Attend classes taught by certified Calyx trainers. For more information, select Help > Support Online > • Calyx Training. •...
  • Page 18 When you contact Technical Support, have the following information available: • Your name • Your company name • Your version of Point • Your account ID Your account ID is on the invoice or the shipping label from your Point software package. Calyx Software...

  • Page 19: Chapter 1-Installation

    Installation Point can be configured to run on a single computer or a network configuration of more than ten workstations. Your office configuration determines which Point installation process to use. Point offers the following three types of installations for different Point configurations: Typical or upgrade A typical installation is used with a standard configuration for a standalone computer.

  • Page 20: Software Requirements

    Modem/Internet connectivity: required to access Internet-enabled services Important Multi-functional printers are known to be problematic with the Point application. Calyx provides limited support for these types of printers; however, the end-user is ultimately responsible. Software requirements The following software is required to use Point:...

  • Page 21: Prerequisites

    Important Network information Point is compatible with Microsoft peer-to-peer and client-server networks. Calyx does not support the operation of Point or any data hosted on a storage device and RAID Arrays, or the operation of Point on the following networks: •...
  • Page 22 If you do not accept the terms of the agreement, the Next button is not enabled and you are unable to proceed with the installation process. Customer Information dialog box is displayed. Enter your name, company name, and account ID, and click Next. Important Your account information is e-mailed to the primary account holder. Calyx Software...
  • Page 23 Typical installation If a previous version of Point is detected, the Point Found dialog box is displayed which indicates that a previous version of Point is installed on the computer. Attention If you are upgrading from an earlier Point version, your previous settings are saved during the upgrade.

  • Page 24: Advanced Installation

    To complete a custom installation: is installed on the computer. the Point CD into the CD-ROM drive to start the installation process. Click Install Point on this Computer. The InstallShield Wizard configures the Point installer and checks for any missing prerequisites. Calyx Software...
  • Page 25 Advanced installation If any of the required prerequisites are missing, the Setup Prerequisites dialog box is displayed. Setup Prerequisites dialog box contains a list of missing prerequisites. Click Install to install or remove the items on the list. When the Welcome screen is displayed, click Next to continue the installation.
  • Page 26 Point is installed on the computer. Attention If you are upgrading from an earlier Point version, your previous settings are saved during the upgrade. If a previous version of Point is not detected, the Setup Type dialog box is displayed. Calyx Software...
  • Page 27 Advanced installation Custom Select to customize your setup, and click Next. Change Application Directory dialog box is displayed. In new installations the default directory is C:\WINPOINT. In an upgrade, the default directory is the directory that was used in the previous installation. To specify a network drive that is mapped to your computer, go to Network Locations Folder ...

  • Page 28: Network Administration Installation

    Next to proceed. If you do not accept the terms of the agreement, the Next button is not enabled and you are unable to proceed with the installation process. Customer Information dialog box is displayed. Calyx Software...

  • Page 29: Setting Up The Network Configuration Server

    Advanced installation Enter your name, company name, and account ID, and click Next. Important Your account information is e-mailed to the primary account holder. Destination Folder dialog box is displayed. In new installations, the default destination directory is C:\NETSETUP. In an upgrade, the default directory is the directory that was used in the previous installation.
  • Page 30 Installation To set up the network configuration server: From the Windows Start menu, select Start > All Programs > Calyx Software > Point Network Configuration Server. Point Network Configuration Server dialog box is displayed. Complete the Company Settings section. Complete the fields.

  • Page 31: Installing Point On The Client Workstation

    Advanced installation Install Point To install Point Administrator during the client installation, select the Administrator check box. If your network uses the Point Data Server, complete the Point Data Server section. Enable Point Data Service Select the check box to enable the server. Enter the Point Data Server URL.

  • Page 32: Updating The Client Workstation

    If any updates are detected, the client machine is automatically updated. To update the network configuration server settings: From the Windows Start menu on the server, select Start > All Programs > Calyx Software > Point Network Configuration Server. Point Network Configuration Server dialog box is displayed.

  • Page 33: Chapter 2-User Interface

    User interface The basic Point user interface is comprised of three panels that contain a combination of tabs, menus, a toolbar, and buttons. Point offers multiple options for performing most operations. These options include: • Navigation panel tabs • Toolbar icons •...

  • Page 34: Screen Components

    Reports & Marketing • Templates Click a tab on the navigation panel to launch the corresponding feature from any screen in Point. To expand the workspace, collapse the navigation panel by clicking the X button next to the title. Calyx Software...

  • Page 35: Loans Tab

    Navigation panel The tabs display to the left of the expanded workspace, as shown in the following figure. To restore the navigation panel, click any tab. Loans tab Use the loans tab to access prospect and borrower loan files. The following search options are available for locating loan files: Data Folder Use the Data Folder dropdown list to select where to perform the search.

  • Page 36: Shortcut Toolbar

    These buttons are visible only after a second mortgage is linked to the first mortgage file. Related information • Refer to Linking first and second mortgage files, on page 80, for information about linking first and second loan files. • Refer to Chapter 12, Loan scenarios, for information about processing second mortgages. Calyx Software...

  • Page 37: Information Bar

    Navigation panel Information bar The information bar is divided into two sections; Current Status Loan Checklist Minimize the information bar by clicking the X button at the top of the bar. The information bar is visible from any screen in an open loan file. Current Status Current Status section includes important loan data such as:...

  • Page 38: Tasks Tab

    Specify the data folder to be searched (Current or All Folders). Search Finds and lists tasks by the criteria selected. Advanced Search Launches the Advanced Task Search dialog box. Related information See Chapter 17, Tasks, for more information about tasks. Calyx Software...

  • Page 39: Reports & Marketing Tab

    Navigation panel Reports & Marketing tab The reports and marketing functions are accessible from the Reports & Marketing tab. Use reports to manage day-to-day business events and clients. Use marketing documents to help you market loans effectively by creating custom letters, e-mails, and mailing labels. You can also create queries and customize letters and e-mails with HTML using Microsoft Word®...

  • Page 40: Templates Tab

    Creates a master borrower template for faster borrower information entry. Data Import Builds templates that import data from text files. Data Export Sends Point data to other applications. Related information For more information about working with templates see Chapter 14, Templates, and Creating custom reports, on page 379. Calyx Software...

  • Page 41: Toolbar Icons

    Toolbar icons Toolbar icons Point employs many of the standard Windows® operating system icons to complete the most common functions, such as printing and saving. However, many icons are also unique to the Point application. The following icons are unique to Point: Icon Name Function...

  • Page 42: Activating Keys

    <Ctrl> + <N> Edit > Paste <Ctrl> + <V> File > Open <Ctrl> + <O> Edit > Paste Date <Ctrl> + <D> File > Save <Ctrl> + <S> <Ctrl> + <W> Show tasks <Ctrl> + <T> Display ratios Calyx Software...

  • Page 43: Movement Keys

    Buttons and options Movement keys Use movement keys to navigate quickly through Point when entering data. Use the following keys to navigate in Point: Description <Tab> Moves forward one field. <Shift> + <Tab> Moves backward one field. Moves forward one section. <Alt>...
  • Page 44 Trail Documents This button is located on the Conditions screens. Insurance Opens the dialog box which provides the user with easy access to mortgage, hazard, and flood insurance information. Conditions Closing This button is located on the screens. Calyx Software...

  • Page 45: Borrower And Prospect Information

    Buttons and options Button Description Program & Rate Lock Details Opens the dialog box which provides the user with easy access to rate, ARM, buydown, and prepayment information. The Loan Program Details button is located on the Secondary Marketing screen. The Program/Lock Details button is located on the Conditions Closing...
  • Page 46 Good Faith Estimate This button is also located on the Prequalification screens. You can also access this dialog box from the 2nd Mtg button Debt Consolidation Worksheet on the Calyx Software...

  • Page 47: Fha/Va Loan

    Buttons and options FHA/VA loan The following buttons are located on the FHA/VA screens. Buttons that were previously described are not included in this list. Button Description Monthly Income Calculator Opens the to edit the monthly income. Calculates the EEM (Energy Efficient Mortgage) Underwriter ...
  • Page 48 Second Mortgage Payment Opens the dialog box which is used to enter information about the borrower’s second mortgages. Transfers employment data from VOE/VOI reports into Loan Application Loan Transfers liabilities from a credit report into the Application Calyx Software...

  • Page 49: Marketing

    Buttons and options Button Description Page Loan Opens the corresponding page of the Application Credit Report Request Opens the dialog box which is used to request credit information for a borrower. VOE/VOI Request Opens the dialog box which is used to request a borrower’s verification of employment or income.
  • Page 50 Loan Program List Opens the dialog box Amortization which is used to select the loan program for Schedule the loan. Debt Consolidation Worksheet Loan Comparison Prequalification Truth-In-Lending Calyx Software...

  • Page 51: Truth-In-Lending

    Buttons and options Button Description Screen Detailed Calculates and displays the Amortization Payment Schedule for the life of the loan. Schedule MLDS/GFE CA Truth-In-Lending Liability Opens the dialog box which is used Debt Consolidation to add and edit liabilities. Worksheet Opens a dialog box to enter notes or Loan Comparison comments about the loan scenarios or...

  • Page 52: Verification

    You can switch among the open files by selecting the file name from the list of open files in the Window menu. Keep Open Select the check box to keep the loan file open when you open another file. Calyx Software...

  • Page 53: Chapter 3-Utilities Configuration

    Utilities configuration The Utilities menu contains options that are used to customize Point to meet your specific business needs. Use the Utilities menu to configure dropdown lists, company defaults, screen settings and colors, and interfaces. You can set up features all at once, or a few at a time and modify them as your business needs change.

  • Page 54: Specifying The Number Of Days In A Calendar Year

    Use the Days Per Year option to specify the number of days per calendar year based on your lender’s requirements. To specify the days per year: Select Utilities > Company Defaults > Days Per Year. Days Per Year dialog box is displayed. Select Click OK. Calyx Software...

  • Page 55: Creating The Default Conditions List

    Company default information Creating the default conditions list The information in the Condition Types dialog box is used to populate loan conditions in the Banker > Conditions screen. You can establish a standard set of default conditions that are added to the conditions list when you click the Add Defaults button or you can select from the list of conditions when you click the Add Conditions From Pick-List button.
  • Page 56 If the condition is to be included in the pick list, specify the filter settings. For example, if the condition applies only to first mortgage FHA purchases, select First Lien Purchase from the Loan Purpose section, and from the Loan Type section. Click OK to exit the Condition Setup dialog box. Calyx Software...

  • Page 57: Specifying The Default Escrow Account Payments

    Company default information Repeat the process for each condition. Tips • To sort the documents by one of the columns, click the column heading to sort the records in ascending order. Click the column heading again to sort in descending order. Default The default sort order is by the column in descending order,...

  • Page 58: Specifying The Ecoa Address

    Use the ECOA Address option to enter the address of the federal agency that administers compliance for the Equal Credit Opportunity Act. Point automatically populates the address on the ECOA submission form. To configure the ECOA address: Select Utilities > Company Defaults > ECOA Address. Calyx Software...

  • Page 59: Specifying The Ca Fair Lending Address

    Company default information Enter (or verify) the address, and click OK. Specifying the CA Fair Lending address Use the CA Fair Lending Address option to enter the address to send the CA Fair Lending notice. To configure the CA Fair Lending address: Select Utilities >...

  • Page 60: Specifying Late Document Criteria

    HMDA reporting, for more information about registering loan applications. Specifying late document criteria Use the Docs Due In option to set the default for the number of days after a due date that a document is considered late. Calyx Software...

  • Page 61: Printing The Acknowledgement And Agreement Clause

    Company default information To specify when a document is considered late: Select Utilities > Company Defaults > Docs Due In. Docs Due In dialog box is displayed. Enter the number of days after a document is requested before it is considered late. Attention The value that is specified in this dialog box and date the document was requested are used to determine whether a document is late when the...

  • Page 62: Creating Dropdown Lists

    Mortgage insurance fees • User-defined fees • Cardex categories • Note The Adjustment Type and Manner dropdown lists contain default values that are shipped with Point. You can add, edit, and remove options from these lists as needed. Calyx Software...

  • Page 63: Creating Escrow And Title Tables

    Creating escrow and title tables The interface for creating dropdown lists is the same for all options. The Processor option is used in the following example to illustrate the process: Select Utilities > Dropdown Lists > Processor. Dropdown List: Processor dialog box is displayed.
  • Page 64 Round Up Round To round the calculated fee to the nearest dollar amount, select Down and enter a value in the field. to nearest $ To offset the amount by a value, enter the offset amount in the offset field. Calyx Software...
  • Page 65 Creating escrow and title tables Click Add to open the Add Range dialog box. This dialog box is used to enter the formulas for multiple-tiered fees. Enter the fee tier levels in the Add Range dialog box: Enter the maximum tier amount for the option that you selected in Step 4 (sales price, loan amount, or appraised value) in the...

  • Page 66: Setting Up A Proxy Server

    Enter your IP address and port in their respective fields. Complete the Credentials section with your user ID, password, and domain name. Click OK to save the settings. Contact the IT support professional in your organization for assistance with setting up your proxy server. Calyx Software...

  • Page 67: Communications

    Communications Communications Use the Communications option to set the parameters that enable you to send and receive Point files to and from remote locations. Transferring files is beneficial to companies with multiple branches that want to share files between offices. A Loan Agent can start a file in the field by taking the Loan Application and transferring the file to the...

  • Page 68: Setting Up Host Mode

    You can send files from your computer (Local) to a computer at another location (Remote) if the remote computer is in Host mode. You can send single files or batches of any size. To send files to a remote host: Select Utilities > Communications. Calyx Software...
  • Page 69 Communications Communications dialog box is displyed. Select Dialing Directory. Dialing Directory dialog box is displayed. Enter the Remote Host Name. When you make an entry, it is stored in the directory for future use. Enter the corresponding modem number. To dial the remote host, select the remote host name and click Dial. Point User Guide...
  • Page 70 A confirmation box is displayed that prompts you to confirm sending the number of files requested. 11 To initiate another transmission, repeat the process. Otherwise, click Disconnect. The new files are automatically added to the correct data folder and the prospect or borrower file list on the Host computer. Calyx Software...

  • Page 71: Requesting And Receiving Files From A Remote Host

    Communications Requesting and receiving files from a remote host You can download prospect and borrower files, as well as all template files. Downloading template files is an effective way of updating agents and branches with the latest programs and investor guidelines. You must know the names of the files you want transferred before you can connect to the computer in Host mode.
  • Page 72 You can also choose to Replace All existing template files. 11 Click OK to continue. Data Transfer Status dialog box narrates the modem transfer. 12 To initiate another transmission, repeat the process. Otherwise, click Disconnect. Calyx Software...

  • Page 73: Checking Borrower Status From A Remote Location

    Communications The new files are automatically added to the correct data folder and to the prospect or borrower file list on the computer in Host mode. Related information For information about creating a remote host, refer to Sending files to a remote host, on page 50.
  • Page 74 If any of the data folders on the computer in Host mode have security activated, you are prompted for a user ID and password. Enter your user ID and password to access the protected data folders. Calyx Software...

  • Page 75: Specifying Search Fields And Result Format

    Specifying search fields and result format If the values in either the LOCAL Data Folder dropdown list (the data folder from which   you are sending the file), or the REMOTE Data Folder dropdown list (the data folder to   which you are sending the file) are incorrect, select the correct data folders.
  • Page 76 Click the Auto Display Options tab. Never lways refresh for the latest results In the Auto Display Options tab, select or A Search for all records each of the top three sections, then in the Cardex Default Search section. Calyx Software...

  • Page 77: Creating Custom Screens

    Creating custom screens Click the Extended Search Options tab. Select the data folders where you want the search to take place. To select all data folders, click Select all. To remove all folders, click Deselect all. Click OK to save your settings. Creating custom screens Use the Custom Screen Settings option to create company-specific fields that are not included in Point.

  • Page 78: Customizing The Shortcut Toolbar

    Smart List: Most recently accessed form moves In the Options section, select the • to top of list check box to place the most-recently accessed forms at the top of the list. Click Sort List to sort the list alphabetically. • Calyx Software...

  • Page 79: Specifying The Default Dos Directory Location

    Specifying the default DOS directory location Show Scrollbar Select the check box to include a scroll bar in the list. • Click Load Default to restore the original default settings. • Click OK. Specifying the default DOS directory location Use the Point/DOS Directory option to change the default directory where DOS files are stored when importing and exporting files.

  • Page 80: Specifying The Default Web Browser

    Select Utilities > Web Browser. Find A Web Browser dialog box is displayed. Click Browse to navigate to the web browser executable file. Recommendation Calyx recommends that you use Microsoft Internet Explorer as your default browser. Select the file and click OK. Calyx Software...

  • Page 81: Naming Files Automatically

    Naming files automatically Naming files automatically Use the Auto File Naming option to enable Auto File Naming and to specify the parameters that Point will use when Auto File Naming is enabled. Assigning automatic names to files prevents the accidental overwriting of filenames. You can specify different parameters for borrower and prospect files.

  • Page 82: Saving Files Automatically

    Use the Auto MIN Generation option to automatically generate the Mortgage Identification Number. To automatically generate the MERS MIN: Select Utilities > Auto MIN Generation. MERS Mortgage Identification Number Setting dialog box is displayed. Automatically generate MIN Select the check box to enable automatic MIN generation. Calyx Software...

  • Page 83: Enabling Autofill Options

    Enabling autofill options Enter your 7-digit organizational identification number In the Organizational Identification Number field and click OK. To override automatic MERS MIN generation for a specific field, select the lock box next to the field. Related information For more information about MERS, refer to www.mersinc.org. Enabling autofill options Save time when you enter addresses by setting the Zip Code Options to auto-populate the associated...
  • Page 84 In addition to using the Utilities functions to identify field IDs, Point also includes a Microsoft Excel file that contains a comprehensive list of field IDs and the screens where they are located. The file, FieldID.xls, is stored in the WINPOINT directory. Calyx Software...

  • Page 85: Chapter 4-Loan File Overview

    Loan file overview Point provides a set of forms for prospects and a set of forms for borrowers. Prospect files are used for potential customers and borrower files are used for actual loans that are being processed. Prospect files contain most of the marketing tools, preliminary disclosures, and processing forms that you need.

  • Page 86: Creating New Prospect Loan Files

    Prospect Information screen. Related information • Refer to Borrower and prospect information screens, on page 151, Prospect Information for information about the screen. • For information about creating templates, see Creating master file templates, on page 357. Calyx Software...

  • Page 87: Creating New Borrower Loan Files

    Loan file creation Creating new borrower loan files New borrower loan files are created from a blank file, by copying an existing prospect file, or by using a master template. To create a new borrower file from a template, blank file, or existing prospect file: Select the Loans tab from the navigation panel.

  • Page 88: Duplicating Loan Files: Copy

    Point version, any data that was in the fields that were removed is lost. To include those obligations in the new loan file, you must combine the additional obligations and enter the total in the remaining user-defined field manually. Calyx Software...
  • Page 89 Loan file creation Copy Prospect Copy Borrower ) dialog box is displayed. Prospect Borrower Select a data folder, the file type ( ), and specify one of the following file naming conventions: Preserve Retains the original file name. This option is available only if you are copying a borrower file from a prospect file, or a prospect file from a borrower file.

  • Page 90: Duplicating Loan Files: Save As

    To specify a file name of your choice, uncheck the check • box to enable the file naming fields. – Type the file name in the field. File name – Select a file type from the Save as type dropdown list. Calyx Software...

  • Page 91: Creating New Co-Borrower Loan Files

    Loan file creation Carry over 1003 data to start a new To copy only the Loan Application , select the loan check box. In addition to the Loan Application , the following items are duplicated in the new loan when this option is selected: User-defined miscellaneous items •...

  • Page 92: Saving Loan Files

    Saving loan files To save prospect and borrower files: Select File > Save or click the Save icon on the toolbar. Files are saved in the following formats: File type Extension Location Prospect c:\PNTDATA\Prospect\pointfile.prs Borrower c:\PNTDATA\Borrower\pointfile.brw .cbx Co-Borrower c:\PNTDATA\Borrower\pointfile .cbx Calyx Software...

  • Page 93: Saving Loan Files As Point Compressed Files (.Pcfs)

    Searching for loan files You can also set parameters to have Point assign a sequential filename by using the auto file naming feature. Related information For more information about setting the auto file naming parameters, see Naming files automatically, on page 63. Saving loan files as Point compressed files (.pcfs) If your e-mail program does not work with Point (for example, a web-based e-mail .pcf...

  • Page 94: Searching For Co-Borrower Files

    Use the advanced search feature to search in multiple data folders, including PDS data folders if you run Point Data Server. More field options are also available in the Search by dropdown list when doing an advanced search. To perform an advanced search: Select the Loans tab from the navigation panel. Calyx Software...

  • Page 95: Moving Loan Files

    Moving loan files Click Advanced Search to open the Advanced Search dialog box. Click the data folder or folders that you want to search in from the Data Folders list. Click Select All to search in all data folders. Choose the file type. You can search in both prospect and borrower files.

  • Page 96: Moving And Copying Loan Files From An External Source

    The interface for copying and moving prospect and borrower files is the same. The copy borrower method is used to illustrate the process in the following example: Click the Loans tab. Click Copy or select File > Copy > Borrower from Specified Location. Calyx Software...

  • Page 97: Deleting Loan Files

    Deleting loan files Copy Borrower and Prospect dialog box is displayed. Click Browse to navigate to the location of the data folder that you want to move or copy into your Point files. Prospect Borrower Select a data folder, the file type ( ), and specify one of the following file naming conventions: Preserve...

  • Page 98: Linking First And Second Mortgage Files

    To create and link a new second loan file from a first loan file: Open a prospect or borrower file. Select File > Subordinate Financing > Create New Second Mortgage File. Create and Link to New Second Mortgage dialog box is displayed. Calyx Software...
  • Page 99 Linking first and second mortgage files To name the second mortgage file manually, disable Auto File Naming by unchecking Use Auto File Naming check box and entering the file name manually in the File  field. Name Click Save. The link between the two files is established. A dialog box prompts you to open the second file.

  • Page 100: Archiving Loan Files

    However, Point cannot keep track of loan files that were moved or copied with external programs such as Windows Explorer. If you have moved or copied Rebuild List feature. Requirement If you are running PDS, you must have local data folder access to use the Rebuild Lists function. Calyx Software...

  • Page 101: Swapping And Deleting Prospects, Borrowers, And Co-Borrowers

    Swapping and deleting prospects, borrowers, and co-borrowers To rebuild your lists: Select File > Rebuild List. Rebuild Index dialog box is displayed. Select the data folder from the Data Folder dropdown list. Select the list or lists you want to rebuild, and click Start. Click OK in the Rebuild List dialog box.

  • Page 102: Print And E-Mail Options

    To change the paper orientation, duplex settings, or tray selection, click Properties. When finished in the Print Setup dialog box, click OK. Related information Refer to your printer documentation for more information about the Print Setup dialog box. Calyx Software...

  • Page 103: Specifying Paper Configuration

    Print and e-mail options Specifying paper configuration Use the Paper Sources option to specify your printer paper options and locations. To configure your paper sources: Open a prospect or borrower file. Select File > Paper Sources. Paper Sources dialog box is displayed. Verify that the printer you need to use is specified as the currently selected output device.

  • Page 104: Adjusting Printed Forms

    Borrower Forms dialog box. To print documents: Open a prospect or borrower file. Select File > Print or click the Print icon on the toolbar. Calyx Software...
  • Page 105 Print and e-mail options Borrower Forms dialog box is displayed. Select the forms to print. The selected forms are listed in the right side of the dialog box. Use the tabs in the Borrower Forms dialog box to locate different form types for selection. Loan Application To print the entire and avoid selecting each page...

  • Page 106: Printing Envelopes

    Create print groups to print multiple forms without having to select each form individually. To create print groups: Open a prospect or borrower file. Select File > Print or click the Print icon on the toolbar to open the Borrower Forms dialog box. Calyx Software...
  • Page 107 Print and e-mail options Click the Print Groups tab. The Print Groups tab contains the list of your personal print groups and shared print groups. Below the list of print groups are Create Group, Edit Group, and Delete Group buttons. Use these buttons to create, edit, and delete your print groups. Click Create Group.

  • Page 108: E-Mailing Data Files

    In addition to the methods that are included in this topic, you can also e- Borrower Information mail Point forms and files from the screen: right-click the borrower’s e-mail address, select Send E-mail, Send Forms, or Send Point Data File and follow the prompts. Calyx Software...

  • Page 109: E-Mailing Forms

    Print and e-mail options Complete your e-mail and send it as you normally would. Related information .pcf For more information about files, see Saving loan files as Point compressed files (.pcfs), on page 75. E-mailing forms Use the Borrower Forms dialog box to create PDF documents of the selected forms that you can attach to an e-mail.
  • Page 110 E-mailing files from the document repository, on page 210. • For more information about e-mailing files and forms, see Knowledge Base articles: – #0081 How to e-mail a form from Point – #0101 E-mailing files or forms outside of Point Calyx Software...

  • Page 111: Downloading Point Compressed Files From E-Mail

    Print and e-mail options Downloading Point compressed files from e-mail When you receive a .pcf file, it must be processed before you can download and view it. .pcf To open a e-mail attachment: Open the e-mail with the .pcf file attached. .pcf Double-click the attachment in the e-mail to open the file.

  • Page 113: Chapter 5-Loan Application

    Loan Application The most common version of the Uniform Residential Loan Application is the Fannie Mae 1003, which is the loan application that is used in Point. In addition to the Fannie Mae application, other lender-specific loan applications are available from the Lenders menu. In this topic •...

  • Page 114: Specifying Joint Assets

    Select the first check box to indicate that another person’s income and assets will be used to secure the loan. Select the second check box if the income and assets of the borrower’s spouse or another person will not be used to secure the loan. Calyx Software...

  • Page 115: Entering Mortgage Type And Loan Terms

    Entering mortgage type and loan terms Entering mortgage type and loan terms To enter the mortgage type and loan terms: Open page 1 of the Loan Application and go to Section I. Type of Mortgage and Terms of Loan Enter the Agency Case No Lender Case No. ...

  • Page 116: Entering Property Information And Loan Purpose

    These fields are populated in all screens when completed. Enter the applicable terms into the dialog box and click OK when finished. Entering property information and loan purpose The property address, purpose of loan, and the name on the title are prepopulated from Borrower Information screen. Calyx Software...
  • Page 117 Entering property information and loan purpose To enter property information and the loan purpose: Open page 1 of the Loan Application and go to Section II. Property Information and Purpose of Loan Enter the legal description of the property. If you use a master file, enter See Preliminary in this field in the master file.

  • Page 118: Entering Borrower Information

    For more information about construction loans and completing this Loan Application section of the , refer to Construction loans, on page 290. Entering borrower information To enter borrower information: Open page 1 of the Loan Application and go to Section III. Borrower Information Calyx Software...
  • Page 119 Entering borrower information The borrower and co-borrower personal information (SSN, telephone numbers, age, birth date, and education) and present address are prepopulated if the Borrower Information screen was completed. If you did not complete the Borrower Information screen, enter the information here. This information will populate the Borrower Information screen.

  • Page 120: Entering Employment Information

    If the employment verification has not been requested, request it in Point by • clicking Request VOE/VOI and populating the fields during the process. If the employment verification was already requested and received, populate • these fields by clicking the Populate Emp. button. Calyx Software...
  • Page 121 Entering employment information If the borrower or co-borrower has been employed by their current employer for less than two years and the information was not populated from the Verification of Employment/Income screen, complete the Additional Current and Former Employers section. To add a current or former employer to the list: Click New to open the Edit Former Employer...

  • Page 122: Entering Income And Housing Expenses

    Important If you do not specify whether the other income is earned by the borrower Other or co-borrower, the fields are not populated with the total other income. Calyx Software...
  • Page 123 Entering income and housing expenses Enter a description of the income in the field or select a description Description from the dropdown list. Enter the amount of income per month in the field. Monthly Inc field in the Gross Monthly Income section is populated with the total Other “Other”...

  • Page 124: Entering Assets And Liabilities

    Entering assets To complete the Assets section: Open page 3 of the Loan Application Verify with the borrower and co-borrower whether the information in this section is being provided jointly or not jointly and select the applicable check box. Calyx Software...
  • Page 125 Entering assets and liabilities If the information is not being submitted jointly, complete a separate application for the co-borrower. The co-borrower’s assets and liabilities are automatically combined with the borrower’s. In the Cash Deposit fields, enter the description of the source of funds and the amount of the cash deposit, if any.

  • Page 126: Entering Liabilities

    • Refer to Chapter 8, Verifications, for more information about the Verification of Deposit screen. Entering liabilities Liabilities section documents information about a borrower’s debts and expenses to ensure their ability to make the mortgage payments. Calyx Software...
  • Page 127 Entering assets and liabilities To complete the Liabilities section: Open page 3 of the Loan Application and go to the Liabilities section. Use the following three methods to enter liabilities: Manually enter them into the Loan Application • Caution Entering liabilities by importing them from the verification screens or by populating them from the credit report replaces all existing information in the liabilities section.
  • Page 128 Use the Insert, Edit, and Delete buttons to add, change, or remove entries. Use the Move Up and Move Dn buttons to move entries up or down in the list. Note The liabilities list can contain a maximum of 200 liabilities. Calyx Software...

  • Page 129: Entering Real Estate Owned

    Entering assets and liabilities If the borrower owes alimony or child support as part of a divorce decree, enter the description and monthly payment in the fields. Alimony/Child Support In the fields, enter job expenses such as union dues or uniforms. Job Related Expense fields are Net Worth ...
  • Page 130 12 To enter multiple properties, click Save & New after each entry. Note The REO list can contain a maximum of 200 properties. Use the arrow buttons to navigate between entries in the Edit Real Estate Owned dialog box. Calyx Software...

  • Page 131: Entering Liabilities In A Different Name

    Entering assets and liabilities 13 When you are finished entering real estate, click Save & Close. Use the Insert, Edit, and Delete buttons to add, change, or remove entries. Use the Move Up and Move Dn buttons to move entries up or down in the list. Related information Verification Refer to Chapter 8, Verifications, for information about the...

  • Page 132: Summarizing The Transaction Details

    Summarizing the transaction details Details of Transaction section is used to provide an overview of the entire transaction. It summarizes the information that was entered in the Good Faith Estimate Loan Application . Adjust those entries in this screen if necessary. Calyx Software...

  • Page 133: Entering Declarations

    Entering declarations To complete the transaction summary: Open page 4 of the Loan Application and go to Section VII. Details of Transaction Most of the fields are already populated from information that was previously entered in other screens. Enter any additional information or make adjustments as needed. If the loan is an FHA or VA loan, click the CC Adjustments for FHA button to open the FHA: Additional Itemized Closing Costs dialog box.

  • Page 134: Printing The Acknowledgement And Agreement Clause

    To obtain a copy, I/we must send creditor a written request at the mailing address creditor has provided. Creditor must hear from me/us no later than 90 days after creditor notifies me/us about the action taken on this application, or I/we withdraw this application.” Calyx Software...

  • Page 135: Completing The Government Monitoring Information

    Completing the Government Monitoring information To print the statement when the Loan Application is printed: Open a borrower file. Select Utilities > Company Defaults > Right to Receive Appraisal. Print “Right to Receive Appraisal” statement in section IX on the loan Select the application check box to include this statement when the...
  • Page 136 Cardex database to populate these fields. Enter the date when you signed the application. Related information See Chapter 19, Contact management (Cardex), for more information about entering information from Cardex. Calyx Software...

  • Page 137: Chapter 6-Disclosures And Other Forms

    Disclosures and other forms Disclosure forms are used to inform the prospective borrower in writing of the terms and conditions of the loan that is being offered and the costs that are associated with the loan. This information gives the borrower the opportunity to make an informed decision prior to signing the loan agreement.

  • Page 138: Completing The Good Faith Estimate

    For example, if you select Broker from the Paid To dropdown list when specifying the loan origination fee, the field is automatically populated with Company Name the company that was entered in the Use for “Paid To” Broker Company Name field in the Company Names section. Calyx Software...
  • Page 139 Disclosures Complete the Items Payable in Connection with Loan section. This section contains an itemized list of loan fees, who they are paid to, who pays them, and whether they are a prepaid finance charge, FHA-allowable, or paid outside of closing. Blank fields are provided to add user-defined fees. Select who is to receive payment (Broker, Lender, Investor, or Other) for the item from the Paid To dropdown list.
  • Page 140 Click the Hazard Insurance button to open a dialog box to calculate the hazard insurance premium or request a quotation for hazard insurance, or click the lock box to unlock the field and enter the information manually. Calyx Software...
  • Page 141 Disclosures Select who is to make the payment (Borrower, Seller, Broker, Lender, Third Party, or Correspondent) from the Paid By dropdown list. Borrower is assumed when no option is selected. Specify whether the payment is a prepaid finance charge (PFC), FHA-allowable (F), or paid outside of closing (POC).
  • Page 142 This section calculates city, county, and state tax payments based on the loan amount or purchase price. Use the Table buttons to open the table of fees that were defined in the dropdown list utility for the and any Recording Fees City/County Tax/Stamps State Tax/Stamps user-defined fields, or enter the information manually. Calyx Software...
  • Page 143 Disclosures Complete the Additional Settlement Charges section. Enter any user-defined fees that are not included elsewhere in the GFE: Type the line number or select it from the dropdown list. Select the type of fee from the Description dropdown list or enter a description manually.
  • Page 144 Details of Transaction • For more information about the section, refer Summarizing the transaction details, on page 114. • See Chapter 14, Templates, for more information about building loan program and closing cost scenario templates. Calyx Software...

  • Page 145: Completing The Gfe Provider Relationship Screen

    Disclosures Completing the GFE Provider Relationship screen Good Faith Estimate Provider Relationship Disclosure is used by the lender to disclose a relationship with any mandatory vendors. Recommendation Verify with your legal counsel if you are required to use this disclosure form.

  • Page 146: Initial Arm Disclosure Statement

    Use the Truth-in-Lending button to open the Truth-in-Lending screen. Related information Truth-In-Lending For information about the disclosure, refer to Truth- In-Lending Disclosure Statement, on page 132. Completing the Initial ARM Disclosure To complete the Initial ARM Disclosure screen: Open a prospect or borrower file. Calyx Software...
  • Page 147 Disclosures Open the ARM Disclosure (Initial) from the Forms menu or the shortcut toolbar. Complete the Brokerage Name section. These fields can be predefined by specifying the company defaults in the utility function. To manually enter this information or use the Cardex database to populate these Manually enter company information on page 4 of the 1003 fields, select the check...
  • Page 148 Truth-in-Lending screen is automatically populated. Specify the initial interest rate by selecting Start rate, % Below Note Rate, or % of Amortized Pmt from the Initial Payment Rate dropdown list and enter the percentage in the field. Calyx Software...
  • Page 149 Disclosures Start Rate Bases the minimum payment at the start or “teaser” rate. For the start rate to be 1.25% and increase to the full note rate after a month, enter in the field, and in the Initial Pmt Rate %  Initial Pmt Rate Period 1.25 % Below Note Rate Bases the minimum payment at a rate less than the note rate.

  • Page 150: Truth-In-Lending Disclosure Statement

    Section 32 Click the Section 32 button to open the Truth-In-Lending (Section 32) screen. This screen informs borrowers of the loan amount, the annual percentage rate, and their monthly payments. This disclosure is required for high cost loans. Calyx Software...

  • Page 151: Completing The Truth-In-Lending Disclosure

    Disclosures ARM Disclosure Click the ARM Disclosure button to open the ARM Disclosure screen. Related information ARM Disclosure (Initial) • For information about the screen, refer Initial ARM Disclosure statement, on page 128. Truth-In-Lending (Section • For information about completing the screen, refer to Completing the High Cost Loan Disclosure (Truth-In-Lending Section...
  • Page 152 To add a regularly scheduled principal payment to the amortization schedule, enter the amount and the frequency in the fields. Extra Payment 10 Complete the Rate Adjustments section. Attention 1st Adj Cap Adj Cap For negative amortization loans, leave the fields blank. Floor field is optional. Calyx Software...
  • Page 153 Disclosures If this information was entered in the ARM Disclosure (Initial) screen, it is automatically populated. If this information is entered or changed in the Truth-in- Lending screen, the ARM Disclosure (Initial) screen is automatically populated. 11 If the loan is a negative amortization loan, complete the Payment Adjustments section.

  • Page 154: Completing The High Cost Loan Disclosure (Truth-In-Lending Section 32)

    Forms > State Disclosures menu or the shortcut toolbar. Access the print-only forms from the Forms tab in the Borrower Forms dialog box. Access the MLDS directly from the Forms menu or the shortcut toolbar. Related information For information about printing forms, refer to Printing and previewing forms, on page 86. Calyx Software...

  • Page 155: Application Log (Ny)

    Disclosures Application Log (NY) The state of New York requires that bankers and brokers keep track of their records for three years by using this log. Brokerage Contract (FL) When processing Florida loans, check with your legal counsel to determine if you must complete this form.

  • Page 156: Completing The Mlds For A Traditional Loan

    The subtotal and total of initial fees, commissions, costs, and expenses are precalculated if the Good Faith Estimate was completed. Enter any miscellaneous fees and compensation paid to the broker. In the first field for the , enter a description of Mortgage Broker Commission/Fee the fee. Calyx Software...
  • Page 157 Disclosures In the second field for the enter a dollar value. Mortgage Broker Commission/Fee,  Important Compensation to Broker from  This field does not correspond to the Lender Good Faith Estimate fields in section 800 on the . If YSP applies, you must itemize it here, even if you have already done so on the Good Faith Estimate Enter a percentage, a dollar value, or both in the corresponding Any Additional ...
  • Page 158 General Information About Loan section. If the fields and the rate adjustment Interest Rate Loan Term (mths) information are not populated from other screens, enter the information here. Select the applicable check box for a fixed, initial fixed, adjustable, or initial adjustable loan. Calyx Software...
  • Page 159 Disclosures Click Calculate. The Calculate button is located on the command bar at the bottom of the workspace. The monthly payment, interest rate, index rate, and other fields associated with each loan type are automatically populated. Attention Even though the fields for all options are calculated on the screen, only the calculations for the selected option are included on the printed form.
  • Page 160 (excluding the subject loan). In the Liens that May Remain on Property After Loan section, enter the lienholder’s name, the amount owed, and the priority of any liens against the property that can remain after the loan is closed. Calyx Software...

  • Page 161: Completing The Mlds For A Non-Traditional Loan

    Disclosures will will not 10 Select the , or check box to indicate whether the loan is being funded with broker-controlled funds. 11 Complete the , and both fields. Name of Broker Broker’s Representative License # To avoid repetitive entry, create a master template to populate these fields automatically.
  • Page 162 If the loan is a refinance, the field is populated with the amount to be paid off, including debts and liabilities marked to be paid from the Loan Application Complete the . field if a Credit Life or Disability Credit Life and/or Disability Ins Insurance policy fee is included with the loan. Calyx Software...
  • Page 163 Disclosures To include additional obligations in the calculation, enter a description and the total amount of the obligations in the empty fields that are provided for user- defined entries. Important Previous versions of Point include fields for the Purchase/Payoff amount and two user-defined obligations.
  • Page 164 If there is a prepayment penalty, but it does not conform to the scenario described • in the Prepayment penalty option, select the Other option and enter the details of the penalty. Calyx Software...
  • Page 165 Disclosures Complete the Taxes and Insurance section. If the monthly loan payment will include an impound account payment, select the first option. Select the check box for each fee that is included in the impound payment. The total amount of the monthly impound payment is automatically calculated. If an impound account is not established or if the borrower is making some payments directly, select the second option.
  • Page 166 If you received the loan information for products you do not offer from a reliable The information provided... source, select the check box. Calyx Software...
  • Page 167 Disclosures Click Calculate to populate the payment scenarios. Requirement Loan Amount Interest Rate Term , and fields must be completed before you click Calculate; otherwise an error will occur during the calculation. To override the values that were automatically calculated for the proposed loan fields, click the lock box in the column.

  • Page 168: Pre-Application Disclosure (Ny)

    Applicants and Property Address sections retrieve information from the Borrower Information screen. These notices are available to print only from a borrower file by selecting File > Print, and selecting the Forms tab from the Borrower Forms dialog box. Calyx Software...

  • Page 169: Equal Credit Opportunity Act

    Forms Equal Credit Opportunity Act This form discloses to the borrowers that, according to the Federal Equal Credit Opportunity Act, they do not have to disclose income from alimony, child support, or any separate maintenance payment. The borrower’s name and property information flows from other forms in their file and will automatically print on this disclosure.
  • Page 170 Enter specific details about investment real estate in the Real Estate Owned Loan Application section in the . Refer to Chapter 5, Loan Application, for more information. • Refer to Chapter 12, Loan scenarios, for detailed information about Subordinate Financing Information dialog box. Calyx Software...

  • Page 171: Completing The Borrower And Prospect Information Screens

    Forms Completing the Borrower and Prospect Information screens To complete the Borrower Prospect Information screens: Create a new borrower or prospect loan file. The information screen is displayed. A Borrower Information screen is used in the following example. Enter the borrower information in the Borrower section.
  • Page 172 13 Click the HE & Oblig button to open the Housing Exp & Other Obligations dialog box to enter monthly payment obligations. field is automatically calculated from information that is entered Other Pmts Housing Exp & Other Obligations dialog box or the Loan Application Calyx Software...

  • Page 173: Borrower's Signature Authorization

    Forms 14 If this is an FHA loan for a purchase, click the Max Loan button to populate the field with the maximum loan amount that is allowed for the property. 15 Complete the Subject Property section. 16 Complete the Present Address section.

  • Page 174: Flood Hazard Determination

    Complete this form last so the majority of the information is populated from other forms. Verify that the following fields are populated: Census Tract • Program • Pgm code • Property Type • Float • Locked On • Calyx Software...
  • Page 175 Forms Appraisal Company • Escrow Company • Title Company • To complete the Loan Submission Sheet Open a borrower file. Open the Loan Submission Sheet from the Forms menu or the shortcut toolbar. Complete the Lender section. Complete any missing information in the Loan Summary and Terms section.
  • Page 176 Reporting Fee, in the Lender column on the Loan Submission Sheet Enter any fees already paid by the borrower to the broker in the fields to the left of the Broker column and to the right of the fields. Paid/Due Calyx Software...

  • Page 177: Mortgage Loan Commitment

    Forms Leave the field blank if the lender is due the entire fee paid by the borrower. The fees are calculated and totaled. Note The Borrower’s Total Owed should equal the sum of the amount due to the lender, plus the amount Paid/Due to the broker. Mortgage Loan Commitment Mortgage Loan Commitment form is similar to a lock-in letter and communicates...

  • Page 178: Request For Appraisal, Evidence Of Insurance, Payoff, Or Title Commitment

    Most of the information on this screen is populated from other screens. Complete at least Prospect Borrower Information screen and Loan Application before printing this form. Statement of Credit Denial, Termination, or Change Statement of Credit Denial, Termination, or Change informs borrowers of any reasons for their credit denial. Calyx Software...

  • Page 179: Completing The Statement Of Credit Denial, Termination, Or Change

    Forms Completing the Statement of Credit Denial, Termination, or Change To complete the Statement of Credit Denial, Termination, or Change Open a prospect or borrower file. Open the Statement of Credit Denial, Termination, or Change from the Forms menu or the shortcut toolbar. Enter the date the denial was mailed In the field and enter the date the Mailed on...

  • Page 180: Tax Authorization Form 8821

    IRS. Tax Return Request–Copy of Return (Form 4506–T) This form is the borrowers’ authorization to order transcripts from the Internal Revenue Service of the following tax forms: Tax return • Tax account information • Calyx Software...

  • Page 181: Tax Information (Or 1098 Data)

    Recommendation If you have set up a master file and imported it into your current file, most of the data automatically populates the Transmittal Summary. For this reason, Calyx recommends completing all other forms before completing this form. Complete the Borrower and Property Information section.
  • Page 182 Combined Transmittal Summary If you are using the , many fields are grayed out because the values are populated from the primary borrower’s and co-borrower’s combined Transmittal Summaries. To add or change a figure, modify the individual Transmittal Summary. Calyx Software...
  • Page 183 Transmittal Summary If the lien position is second, select the owner of the first mortgage and enter the original loan amount in the If Second Mortgage column. Note If the Note Rate is different than the Qualifying Rate, the First Mtg P & I Loan Application on the 1008 will be different from the Loan Application...
  • Page 184 Note Rate Bought Dn Rate Other the corresponding field. Select the , or check box to indicate if the value is above or below the note rate, bought down rate, or other rate. Calyx Software...
  • Page 185 Transmittal Summary Enter the HCLTV/HLTV, if applicable. The HLTV is the combined LTV based on the maximum credit limit of the equity line. To adjust the top and bottom income-to-debt ratios, verify that all the income, housing expenses, and mortgage payments fields in the Loan Application screens are all correct.

  • Page 186: Mortgage Insurance And Escrow (Impound) Account Details

    Good Faith Estimate . To include amounts for the user-defined fields in the aggregate total, enter the information for these funds in the Good Faith Estimate Click Calculate to open the Initial Escrow Account Setup dialog box. Calyx Software...
  • Page 187 Mortgage insurance and escrow (impound) account details Initial Escrow Account Setup dialog box is used to document the monthly escrow fees for the first year of the loan. Initial Escrow Account Setup dialog box is also accessible by Good Faith clicking the Aggregate Adjustment Table button in the Estimate The company defaults that were specified in the utility function are prepopulated in the...

  • Page 188: Calculating Mortgage Insurance

    Mortgage Insurance Premium/Funding Fee dialog box: Open a prospect or borrower file. Click the Mtg Insurance button in the Borrower Information screen to open the Mortgage Insurance Premium/Funding Fee dialog box or click the MIP/FF button on the Loan Application Calyx Software...
  • Page 189 Mortgage insurance and escrow (impound) account details Mortgage Insurance Premium/Funding Fee dialog box is accessible from the following screens: • Borrower Information • Prequalification • Amortization Schedule • Rent vs. Own • Truth-in-Lending • Loan Application page 4 (the MIP/FF button) •...
  • Page 190 The information is populated into the mortgage insurance fields in the forms throughout the loan file. Related information • For information about how to define mortgage insurance rates, refer Creating dropdown lists, on page 44. • Refer to Chapter 7, FHA and VA loans, for information about processing FHA loans. Calyx Software...

  • Page 191: Chapter 7-Fha And Va Loans

    FHA and VA loans Point contains a number of forms and worksheets that are used to originate and process FHA and VA loans. In this topic • FHA loans • VA loans FHA loans FHA screens are accessible by selecting Forms > Federal Housing Administration (FHA).
  • Page 192 Click Yes in response to the prompt to copy the maximum loan amount to the Loan  field in the Borrower Information screen. Amount Enter the up-front mortgage insurance premium in the field or select a MIP, FF predefined value from the dropdown list. Calyx Software...
  • Page 193 FHA loans Press the <Tab> key to calculate the field. Up‐Front MIP/Funding Fee Financed This fee is also populated on Line 902 on the If part or all of the fee will be paid in cash, click the lock box next to the Amount ...

  • Page 194: Completing The Good Faith Estimate

    Use the FHA Loan Underwriting and Transmittal Summary - Combined form when unmarried co-borrowers are applying jointly for the loan. Most of the information on this screen is automatically populated from the borrower screens. Calyx Software...
  • Page 195 FHA loans The following buttons, located at the bottom of the workspace, provide additional functionality: Mtg Insurance The Mtg Insurance button opens the Mortgage Insurance Premium/ Funding Fee dialog box which is used to calculate mortgage insurance fees for conventional and government loans. FHA Stat Req Opens the FHA Statutory Requirements Worksheet...
  • Page 196 For FHA loans, the qualifying rate is equal to the interest rate unless the loan-to-value is less than or equal to 95% and the loan is a one year ARM or less, then the qualifying rate is +1%. Calyx Software...
  • Page 197 FHA loans Select the Amortization type. Select the applicable check boxes. Loan Purpose If the borrower has obtained secondary financing, enter the source in the Source/ Gov’t Family Other field; select , or to specify the source of the financing; and enter the dollar value in the field.
  • Page 198 Select the check box for both the borrower and co-borrower to indicate if their name is on the LDP/GSA lists. If their name is on the list, they are ineligible to participate in the loan program. Calyx Software...

  • Page 199: Creating An Fha Refinance File

    FHA loans Enter any additional comments in the field. Underwriter Comments Related information Monthly Income Calculator • For information about using the entering secondary income sources, and entering monthly housing expenses, refer to Entering income and housing expenses, on page 104. • For information about entering debts and obligations, refer to Entering liabilities, on page 108.

  • Page 200: Completing The Good Faith Estimate

    Mtg Insurance The Mtg Insurance button opens the Mortgage Insurance Premium/ Funding Fee dialog box which is used to calculate mortgage insurance fees for conventional and government loans. Calyx Software...
  • Page 201 FHA loans To complete the FHA Statutory Requirements Worksheet Prerequisites Borrower Information Loan Application Completing the screen, Good Faith Estimate FHA Transmittal Summary , and the before FHA Statutory Requirements Worksheet you complete the will ensure that it is populated with accurate data. Select Forms >...
  • Page 202 Mortgage Basis If a refinance transaction, enter the maximum allowable LTV percentage in the percentage field. Maximum Mortgage Amount ‐ Refi  The maximum mortgage amount for a refinance transaction is divided by the and entered in the corresponding field. Appraised Value Calyx Software...
  • Page 203 FHA loans Complete the Cash Investment Requirements section. This section calculates the total cash the borrower needs to close the transaction, or the amount of money they will receive back. field is automatically calculated by subtracting the Minimum Down Payment from the for a purchase transaction.

  • Page 204: Fha/Va Addendum To The Urla

    110% After‐Improved Value Populate any accessible fields in Section B, Rehabilitation and Other Allowable Costs. However, most of the fields are calculated for you. Calyx Software...

  • Page 205: Fha Application For Property Improvement

    FHA loans Sections C & D are mortgage calculations for purchase and refinance transactions, Purchase respectively. The enabled fields in these sections depend on whether the Refinance check box is selected. Section E is calculated entirely from previously-entered data. In the borrower’s Acknowledgement section, the check box affects the 203(k) borrower’s acknowledgment, a print-only form accessed from the FHA/VA Forms dialog box.

  • Page 206: Fha De Statement Of Appraised Value (Hud-92800.B)

    To open the FHA DE Analysis of Appraisal Report: Open a borrower file. Select Forms > Federal Housing Administration (FHA) > FHA DE Analysis of Appraisal. Enter the information requested on the screen to report the validity of the appraisal. Calyx Software...

  • Page 207: Request For Certificate Of Veteran Status

    FHA loans Request for Certificate of Veteran Status In FHA loans for veterans earning benefits, this form is sent to the local VA office to request an FHA certification of veteran status. Requirement The FHA requires that this form be completed for veterans to receive benefits.
  • Page 208 Using the FHA GFE button ensures that your total cash- to-close figures match exactly. It also provides a streamlined method to change user-defined field calculations if necessary. Return to the Borrower screens, and select Bor/Co-Bor > Borrower (name of Borrower). Calyx Software...

  • Page 209: Fha Refinance Mcaw Screen

    FHA loans Select Federal Housing Administration (FHA) > FHA Combined MCAW– Purchase. The information is automatically populated from both the Borrower Prospect Information screens and the MCAW screens. Related information Refer to Chapter 5, Loan Application, for information about filling out Loan Application FHA Refinance MCAW screen Most of the information needed on the MCAW can be pulled from other screens.

  • Page 210: Va Loans

    If you are processing a VA loan, you must complete the VA Loan Analysis file. The VA loan analysis is divided into five sections: Section Description Pertains to loan data. Contains borrower’s personal and financial status. Enumerates estimated monthly shelter expenses. Calyx Software...

  • Page 211: Va Refinance Worksheet (26-8923)

    VA loans Section Description Contains debts and obligation information. Provides monthly income and deductions. To complete the VA Loan Analysis: Open a borrower file. Select Forms > Veterans Administration (VA) > VA Loan Analysis (26-6393). To use Loan Application data to populate this screen, click the From Loan App button at the bottom of the workspace.

  • Page 212: Va Loan Summary Sheet (26-0286)

    The borrower’s information is populated from the Loan Application . Enter any missing data and mark the applicable Certification check box. To access this form: Open a borrower file. Select Forms > Veterans Administration (VA) > VA Verification of Benefit (26- 8937). Calyx Software...

  • Page 213: Va Request For Certificate Of Reasonable Value (26-180/26-1843)

    VA loans VA Request for Certificate of Reasonable Value (26-180/26-1843) The CRV is created from an appraiser’s estimate of the value of a property. To open the Certificate of Reasonable Value: Note Because the loan amount cannot exceed the estimate in this document, the appraisal is usually the first step in a VA loan pipeline.

  • Page 215: Chapter 8-Verifications

    Verifications Point contains forms that are used to request verifications for employment, bank account information, loans, and benefits, such as a retirement income or pension. The following verification forms are available in Point: Verification of Benefits (VOB) • Verification of Deposit (VOD) •...
  • Page 216 If the information is not prepopulated, enter the in the From Title Lender No section. To import information from the Loan Application, click the From Loan App (Assets) button. Calyx Software...
  • Page 217 Completing verification forms To enter information manually, click New and complete the Information to be Verified sections. Use the Insert button to add a new entry before the selected entry. Use the Delete button to remove an entry. Use the arrow buttons to navigate between entries. Note Each verification list can contain a maximum of ten records.

  • Page 219: Chapter 9-Electronic Loan Files

    Electronic loan files Point includes a group of screens in the eLoanFile menu that compile loan information for electronic submission to vendors. Information that was entered into other screens automatically populates the corresponding field in the eLoanFile. All other information must be entered manually.

  • Page 220: Electronic Document Storage

    To access the document repository: Open a prospect or borrower file. Select eLoanFile > Document Storage. You can also access the document repository by selecting eLoanFile: Document Storage from the shortcut menu or by clicking the Document Storage icon on the toolbar. Calyx Software...
  • Page 221 Electronic document storage Document Storage dialog box is displayed. Document Storage dialog box is comprised of a set of buttons at the top of the dialog box and the main window for document information. Tips • To sort the documents by one of the columns, click the column heading to sort the records in ascending order.

  • Page 222: Adding Point Forms To The Repository

    File > Store, File > Print, or File >Print Preview. If you do not access the dialog box by using the Store menu option, verify that the Output Option is Store before you complete the action. Calyx Software...
  • Page 223 Electronic document storage Select the forms to store in the repository. The forms are listed in the Forms Selected section as they are selected. Use the Print Option dropdown list to specify whether you want to store the forms blank, blank with company information, or with data. If you selected multiple forms and you want to save them in a single PDF file, select Store as one file check box.
  • Page 224 To select all of the files, click Select All. To un-select all the selected files, click Deselect All. Related information Borrower Forms For more information about the dialog box and printing forms, refer to Print and e-mail options, on page 84. Calyx Software...

  • Page 225: Adding Non-Point Documents To The Repository

    Electronic document storage Adding non-Point documents to the repository You can add any electronic document to the document repository if it is in one of the following supported formats: • PDF (.pdf) • Images (.jpeg, .jpg, .gif, .bmp, .tif, .tiff) •...
  • Page 226 Select the document category from the Category dropdown list. Select the MISMO document type from the Type dropdown list. If your document does not fall under one of the available document types, select Other. Specify the source of the document in the field. Received From Calyx Software...

  • Page 227: Saving Documents In The Document Repository To Another Location

    Electronic document storage 10 Click Add. The file is stored in the repository. You can also drag and drop an existing document or an Outlook e-mail attachment to the document repository. Open a loan file, locate the document on your computer or in an e-mail, and drag the file to the open loan file or the Point button on the Windows taskbar.

  • Page 228: E-Mailing Files From The Document Repository

    PDF file in the order they appear in document storage—they are not saved as individual files. E-mailing files from the document repository To e-mail documents from the document repository: Open the borrower or prospect file that contains the files you want to e-mail. Calyx Software...
  • Page 229 Electronic document storage Select eLoanFile > Document Storage to access the Documents dialog box. Select the files that you want to e-mail. To select multiple files, hold the Ctrl key as you select the individual files. To select multiple consecutive files, hold the Shift key as you select the first and last files.
  • Page 230 If you password-protect the document, anyone who attempts to open the document is prompted to enter the password. An e-mail window from your default e-mail application opens with the selected files attached as a single PDF document. Complete your e-mail and send it as you normally would. Calyx Software...

  • Page 231: Chapter 10-Loan Tracking

    Loan tracking Use the tracking screens to monitor the status of your loans by tracking the required documents, including: Verification requests • Payments received • Dates relating to any tasks • Point creates a tracking file whenever a prospect or borrower file is created. The information entered into the forms populates the tracking screens.

  • Page 232: Loan Status Tracking

    To track the status and progress of a loan: Note Status and Checklist screen supplies synchronized data to the information bar. When this information is accurate, the information bar becomes a one-click, time-saving resource. Open a prospect or borrower file. Select Track > Status Calyx Software...
  • Page 233 Loan status tracking Status and Checklist screen is displayed. Loan Status section summarizes the current loan status and the status date. When you check a check box, the current date is automatically populated into the field. Date Loan Progress section, located below the Loan Status section, tracks the loan progress and indicates the dates that various loan paperwork was submitted and...

  • Page 234: Tracking Basic Documents

    Basic Documents section. Edit an item: Double-click an item or click Edit to open the Basic Documents dialog box. To add a user-defined document, select a blank field. field is disabled if a predefined document is selected. Document Calyx Software...

  • Page 235: Tracking Miscellaneous Items

    Loan status tracking Required If the document is required for the loan, select the check box. Required The document is automatically added to the loan checklist when the check box is selected. Uncheck the check box to remove a document from the loan checklist. You can also select and deselect this check box in the Basic Documents list.
  • Page 236 If the item is required for the loan, select the check box. The item is added to the loan checklist. Uncheck a check box to remove a document from the loan checklist.You can also select and deselect this check box in the Miscellaneous Items list. Calyx Software...

  • Page 237: Tracking Conditions

    Tracking conditions Required Enter a due date for the item. When a due date is entered and the check box is selected, the item is automatically added to the loan checklist. Enter an ordered date, a re-ordered date (if applicable), and a received date. Select the check box next to a date field to automatically populate the corresponding field with the current date.
  • Page 238 The following events are available from the dropdown list: – to draw documents • – to fund the loan Fund • – to submit the loan • – to suspend the loan Susp • Note The conditions tracking worksheet can contain a maximum of 40 conditions. Calyx Software...

  • Page 239: Locking Rates And Registering Loans

    Locking rates and registering loans Locking rates and registering loans Registration & Rate Lock screen provides a resource for both bankers and brokers; loan originators can use this screen to lock their loans with either a wholesale lender or their own secondary marketing department. Attention Registration &...
  • Page 240 If you are requesting a lock from your own secondary marketing department, • enter your company name, or use the Cardex database to populate these fields. Select the documentation type from the Doc Type dropdown list. Enter the Credit Grade Calyx Software...
  • Page 241 Locking rates and registering loans Complete the Debt-to-Income Ratios section. When locking a loan, many loan programs require that the top/bottom ratios and the LTV/CLTV not exceed a maximum amount. Enter the maximum levels that are allowed on the rate sheet to ensure that the loan parameters meet the rate lock requirements.
  • Page 242 Point based on lock term value. Lock Exp Date Enter the number of days that the lock is extended in the field. Lock Extension Select the type, Best Efforts or Mandatory, from the Lock Type dropdown list. Calyx Software...
  • Page 243 Locking rates and registering loans If not prepopulated, complete the field. Interest Rate 1st Time Home Buyer Select the check box if any borrower of the loan is a first time buyer. Escrows waived Select the check box if the lender is allowing the borrower to pay certain escrow items directly to the payees.
  • Page 244 PDF passwords and e-mailing forms. • For more information about the document repository, refer to Electronic document storage, on page 202. • Refer to Chapter 19, Contact management (Cardex), for information about the Cardex database. Calyx Software...

  • Page 245: Tracking Verifications

    Tracking verifications Tracking verifications Use Verifications tracking to manage the receipt of any verification documents that you send for a loan file. Attention Verifications tracking is not available in prospect files. To access the Verifications tracking screens: Open a borrower file. Select a verification worksheet from Track >...

  • Page 246: Tracking Title Conditions

    Title Date Assessor’s Parcel  , and . Enter any additional information about the title Number Vesting Land Trust report in the field. Title Report Remarks Enter the conditions that are required before the title insurance can be issued in the Title Conditions section. Calyx Software...

  • Page 247: Tracking Hmda Reporting Information

    Tracking HMDA reporting information Complete the Title Report Required Endorsement Long Legal Description sections. Tracking HMDA reporting information HMDA Reporting screen contains most of the information that is required to be reported to the Federal Financial Institutions Examination Council (FFIEC) to comply with the Home Mortgage Disclosure Act.
  • Page 248 Metropolitan Area or Metropolitan Statistical Division (MSA/MD) number, county code, and census tract. Additional information (such as the loan type, loan purpose, or occupancy status) is populated from other screens in Point. Calyx Software...

  • Page 249: Tracking Contacts And Agencies

    Tracking contacts and agencies If the government monitoring information was completed in the Loan Application Government Monitoring Section is already populated. If not, complete this section here. Note Loan Application This information is also on page 4 of the and will automatically populate either screen when completed.
  • Page 250 Open a prospect or borrower file. Select Track > Agent List. Enter the information for the agents who are applicable to this loan. Use the Cardex database to populate as much information as possible. Add any remaining agent information manually. Calyx Software...

  • Page 251: Tracking Loan Team Members

    Tracking loan team members Tracking loan team members Branch/Team screen tracks the following items: Branch information • Division data • Region information • Team information • – Loan Rep – Processor – Underwriter – Doc Prep – Closer/Funder – Shipper Note Branch/Team tracking is predominantly used by larger multi-branch organizations with multiple staff involved in a single loan.

  • Page 252: Tracking Trust Account Information

    Description In the field, enter the date the payments was sent or received. Date In the fields, enter the information in either the Funds Paid Chk Number Amount Funds Received sections. Do not enter both. Calyx Software...

  • Page 253: Tracking Loan Profit And Loss

    Tracking loan profit and loss Use the long field below the fields to enter comments that pertain to Date Amount the trust accounts. Note Point calculates the total of the funds that are paid, the funds that are received, and the account balance. The remaining balance is included in the Borrower status report and WebCaster status report.
  • Page 254 Gross Profit Enter any additional applicable fees to be paid to the loan representative in the empty field below Gross Profit (or loss) is automatically calculated based on the amounts that were Net Profit entered in the Broker Fee Profit sections. Calyx Software...

  • Page 255: Chapter 11-Banker Functions

    Banker functions Point provides a set of screens that assist bankers with managing mortgage banking functions—those activities that occur after the loan is closed and funded. These screens also help to simplify tracking and reporting of those mortgage banking functions, providing a system of record for the banker.

  • Page 256: Registering And Locking Loans For Sale

    It is not intended to be used for loans that are brokered to wholesale lenders. It is one of the screens that allow restricted access through Point Administrator, so a loan officer might not have access to this screen. Secondary Marketing To use the screen: Open a borrower file. Calyx Software...
  • Page 257 Registering and locking loans for sale Select Banker > Secondary Marketing. Complete the Loan Information section. Most of the fields in this section are prepopulated with information that was entered in other screens. If Auto MIN Generation is enabled, the MERS # is automatically generated and populated in the field.
  • Page 258 To populate Dropdown List: Adjustment Type the lists, exit the screen, open the dialog box (Utilities > Dropdown Lists > Adjustment Type), and click Secondary Marketing OK to close it. Return to the screen. The lists are now populated. Calyx Software...
  • Page 259 Registering and locking loans for sale Important Lock Confirmed After the lock is confirmed (the check box is selected), Rate Lock Pricing section is disabled and changes are not allowed. Complete the Rate Lock Pricing section. Enter the base rate in the field.
  • Page 260 Final Gain/Loss Information section. Enter the date when the loan is sold to the investor (from the Loan Purchase Advice) in the field. Loan Sale Date Enter the date when the wired purchase funds are received from the investor in field. Wire Received Date Calyx Software...

  • Page 261: Tracking Underwriting Status

    Tracking underwriting status Enter the Principal Amount Purchased Attention Principal Amount Purchased field is enabled when a date is entered Loan Sale Date in the field. Enter the , and Base Sell Price Service Release Premium Overage/Rebate Sell  percentages and any additional amount in the fields. Adjustments $  Point calculates the , and Final Net Sell Price Net Sell Price...
  • Page 262 The top portion of this screen contains general loan and borrower information. Most of these fields are prepopulated with information that was entered in other screens. Complete the information in the missing fields. Complete the General Information section. Calyx Software...
  • Page 263 Tracking underwriting status Most of these fields are populated with information that was entered in other screens. If the loan is for a home equity line, enter the initial draw amount in the Initial  field. HELOC Draw Enter the Max Loan Limit 1st Time Home Buyer Select the check box if any borrower of the loan is a first time buyer.
  • Page 264 Complete the Insurance section. The insurance information is also accessible by clicking the Insurance button on the Conditions Closing screens. Hazard Insurance Flood Certification sections are automatically populated when those services are requested through the Point Services interface. Calyx Software...
  • Page 265 Tracking underwriting status Complete the Automated Underwriting section. Enter the type of Automated Underwriting System (for example, DO or LP), the date the AUS was run, AUS decision, and any cost associated with the AUS run. Up to four automated underwriting decisions are allowed. If the AUS decision includes conditions, enter those conditions in the Banker >...
  • Page 266 Select the check box if the loan conforms to the investor guidelines. Loan Exception Granted Check the check box if an exception was made to the program guidelines that might be subject to added conditions or pricing add-ons. Calyx Software...

  • Page 267: Recording And Tracking Loan Conditions

    Recording and tracking loan conditions Enter a description of the exception to program guidelines in the Exception  field. Description Related information • Refer to E-mailing forms, on page 91, for more information about setting PDF passwords and e-mailing forms. • Refer to Chapter 14, Templates, for information about creating loan templates.
  • Page 268 Email Document dialog box is displayed. The field is prepopulated File Name with the document name. To e-mail the document, keep the default file name or enter a new name and click OK. To cancel the e-mail request, click Cancel. Calyx Software...
  • Page 269 Recording and tracking loan conditions To generate a Funding Conditions Notice, click the Create Funding Conditions Notice button. Requirement The Create Funding Conditions Notice button is enabled only when Docs Back Date field is populated with a date. The Funding Conditions Notice is generated and is automatically added to the document repository.
  • Page 270 11 Select the conditions to add and click OK. To select multiple conditions, hold the <Ctrl> key as you select each condition. To select multiple consecutive conditions, hold the <Shift> key as you select the first and last condition. Calyx Software...

  • Page 271: Closing Loans

    Closing loans Use the Insert, Edit, and Delete buttons to add, change, or remove entries. Use the Up and Dn buttons to move entries up or down in the list. Related information • Refer to Creating the default conditions list, on page 37, for information about creating the default condition list and the conditions pick list.
  • Page 272 Complete the Power of Attorney section if someone is acting on behalf of the borrower or co-borrower. Enter the name of the person who is signing in the field. Co‐Brw Select the Signing Capacity option from the dropdown list. Calyx Software...
  • Page 273 If the property is in a flood zone enter the zone in the field and select the Flood Zone Subject Property Is in a Flood Zone check box. If the flood certification is requested through the Calyx services interface, Subject Property Is in a Flood Zone Flood Zone field and check box are automatically completed.
  • Page 274 Program & Rate Lock Details dialog box. Select the tab that corresponds to the information you want to view or edit and make the necessary changes. 11 Complete the Dates section with the completion dates for each event. Calyx Software...
  • Page 275 After the documents are requested, click View Documents at any time to view and print the documents. If you are not using the service of a document provider through the Calyx Services interface, enter the document provider name in the field.

  • Page 276: Funding Loans

    Many fields on this screen are prepopulated from various other Point screens. To use the Funding screen: Open a borrower file. Calyx Software...
  • Page 277 Funding loans Select Banker > Funding. , and Loan Amt Interest Rate Term P & I Loan Purpose Loan Type Occupancy fields are populated from other screens when that information is previously entered. If not prepopulated, complete the , and Investor Hazard Ins Coverage Lender Funder  fields. Name To override the automatically generated value in the field, select the check MERS # box and enter the MERS # manually.

  • Page 278: Submitting And Tracking Warehouse Lender Loans

    Warehouse Advance & Repayment To use the screen: Open a borrower file. Calyx Software...
  • Page 279 Submitting and tracking warehouse lender loans Select Banker > Warehouse Advance & Repayment. Borrower & Property Information section is populated from information that was previously entered in other Point screens. Complete the Closing Agent section. Enter the information manually or use the Cardex database to populate these fields.
  • Page 280 Borrower Loan Interest Rate   Loan Amount Information screen. field is the amount of the discounts that are applied to the loan. The Discounts value in this field is calculated in and retrieved from the Good Faith Estimate. Calyx Software...
  • Page 281 Submitting and tracking warehouse lender loans field is the amount that the lender must provide to the closing Net Loan Amt agent. This amount is calculated by subtracting the warehouse advance from the total loan amount. Enter the value of the subject property in the field.

  • Page 282: Recording Loans

    (Cardex), for information about using the Cardex database. Recording loans Use the Recording screen to document the loan information that was used to record the transaction with the county. To use the Recording screen: Open a borrower file. Calyx Software...
  • Page 283 Recording loans Select Banker > Recording. Complete the Recordable Documents section. Select the document type from the Type dropdown list. Complete the Associated Document section. Enter the date when the document was recorded in the county records in the field. Recording Date Complete the , and...
  • Page 284 Complete the Assign To Assign From , and Trust sections. Enter the name and address of the property purchaser in the Assign To section. Enter the name and address of the property seller in the Assign From section. Calyx Software...

  • Page 285: Tracking Loan Shipment Status

    Tracking loan shipment status If either property is held in trust, enter the date the trust was established, the name on the trust account, the state where the trust was established, and the grantor’s name on the trust account. Related information Refer to Chapter 19, Contact management (Cardex), for information...

  • Page 286: Tracking Loan Sale Responsibilities

    Select Banker > Trail Documents. fields are automatically populated from other Investor Loan Sale Date screens. The field is populated from information in the Trail Late Fees Total Document Entry screens. To add a document to the document list: Click the Add button. Calyx Software...
  • Page 287 Tracking loan sale responsibilities Trail Document Entry dialog box is displayed. Select a document to track from the Document dropdown list. Enter the date the document was requested and who made the request. Click the Cardex icon to use the Cardex database to populate the field.

  • Page 288: Supplementary Screens

    Rate Lock • • Buydown • Prepay/Other Features • The Rate Lock tab contains rate and lock details. This information is populated from information that was entered in other screens and cannot be edited. Calyx Software...
  • Page 289 Supplementary screens Select the ARM tab to view the ARM information and rate adjustments. If the loan rate is adjustable, the ARM tab contains information about the rate and payment adjustments for the loan. The information on this tab corresponds to the Rate Adjustments Payment Adjustment...

  • Page 290: Appraisal Information

    It is accessible by clicking the Appraisal button which is located at the bottom of the workspace in the Conditions Closing screens. To complete the Appraisal Information dialog box: Click the Appraisal button. Calyx Software...

  • Page 291: Insurance Information

    Supplementary screens Appraisal Information dialog box is displayed. Enter the company information for the original appraiser. You can enter the company information manually or use the Cardex database to populate these fields. Select the Valuation Type from the dropdown list and complete the Appraised Value , and the fields.
  • Page 292 Edit the information as needed. Click Hazard to view the hazard insurance policy information Hazard dialog box is automatically populated when hazard insurance is requested through the Point Services interface. Edit the insurance information as needed. Calyx Software...

  • Page 293: Escrow And Title

    Supplementary screens Click the Flood tab to view the flood insurance policy information. Flood dialog box is automatically populated when flood insurance is requested through the Point Services interface. Edit the insurance information as needed. Click OK to save any changes and exit the dialog box. Important Information is retained in each tab when you switch to another tab.
  • Page 294 Enter the information for the company that is to receive the wire transfer. You can use the Cardex database to populate the company information fields, or you can enter the information manually. Complete the , and fields and click ABA # Account # Ref. # Further Credit Account # Calyx Software...

  • Page 295: Related Information

    Supplementary screens Click the Title tab. Some of this information is automatically populated if escrow and title were requested through the Point Services interface. Edit the information as needed. Click OK to save the changes and exit the dialog box. Important Information is retained in each tab when you switch to another tab.

  • Page 297: Chapter 12-Loan Scenarios

    Loan scenarios Point provides tools to work with different types of loans. This topic includes scenarios for processing the following types of loans: • Second loans • Construction loans • Investment loans In this topic • Subordinate financing • Construction loans •...

  • Page 298: Creating A New First Mortgage With A New Or Existing Second

    Click the Sub Financing button at the bottom of the workspace. Subordinate Financing Information dialog box is displayed. New Loan Existing Loan Specify whether it is a and click the 2nd Mtg button. Calyx Software...

  • Page 299: Creating Second Mortgages For An Investment Property Or Second Home

    Subordinate financing Second Mortgage Payment dialog box is displayed. Enter the information about the second mortgage and click OK. Create a new second file or link to an existing file. To create a new file: Select Create Second Mortgage File > Create New Second Mortgage. Name the second file if Auto File Naming is not enabled and click Save.
  • Page 300 If the loan is for an investment property, click the Investment button. Complete the (occupancy rate) fields (the occupancy rate is Gross Rent Occ Rate usually 75%). Press <Tab> to populate the grayed out fields and click OK. Calyx Software...

  • Page 301: Creating Concurrent Purchase Loans (80-10-10)

    Subordinate financing Click the Sub Financing button to open the Subordinate Financing Information dialog box. 10 Enter the amount of the first mortgage. 11 Enter other mortgage payments in the Other Financing Information section and click 12 In the Present Monthly Housing Expense section on page 2 of the Loan Application enter the present mortgage payment for the borrower’s primary residence and any...
  • Page 302 Details of Transaction • Cash From/To Bor (field p) in the section on Loan Application page 4 of the Good Faith Estimate • Total Estimated Funds to Close field on the Subordinate Financing Information dialog box is displayed. Calyx Software...
  • Page 303 Subordinate financing Click the 2nd Mtg button to open the Second Mortgage Payment dialog box. Complete the , and Loan Amount Note Rate  Qual Rate Term/Due  Interest Only fields for the second mortgage. Click OK (assuming Appraisal Value and Sale Price are the same). This amount automatically populates the field in the Monthly Income...
  • Page 304 • Refer to Chapter 5, Loan Application, for more information about the Loan Application. • For more information about second mortgages, see Knowledge Base article #0535 Streamlined PiggyBack/First and Second Mortgage loans. Calyx Software...

  • Page 305: Creating Concurrent Loans For Investment Properties

    Subordinate financing Creating concurrent loans for investment properties Use the information provided to complete a concurrent loan for an investment property. To create the first loan: Note The closing costs for the first loan transfer to the Closing Costs from New  Good Faith Estimate First Mortgage field on the for the second loan.
  • Page 306 Open page 4 of the Loan Application and verify that the field Subordinate Financing (field j) in the Details of Transaction section contains the second mortgage loan amount. Open the Good Faith Estimate and enter the fees for the first loan. Calyx Software...
  • Page 307 Subordinate financing Open page 4 of the Loan Application and enter any other fees on line l in the Details of Transaction section. Important Closing Costs Paid by Seller Do NOT check in the second mortgage file. Save the file. To create the second loan: From any screen in the first loan file, select File >...

  • Page 308: Construction Loans

    [the end of the amortization period specified].” For more information, refer to Subpart E (Special Rules for Certain Home Mortgage Transactions) on the Reg. Z. After you have completed the Loan Application , the Truth-In-Lending disclosure reflects the construction loan terms. Calyx Software...

  • Page 309: Creating Construction Loans

    Construction loans Creating construction loans Complete the Loan Application as you would for any other loan. The following exceptions apply to all construction loans: In the Borrower Information screen: Construction Construction – Permanent Select either the check box in the Purpose of Loan section.

  • Page 310: Creating Construction-To-Permanent Loans

    For example, enter for a 30 year term. Do not include the construction period as part of the term. Construction In the Purpose of Loan section, select the check box. Calyx Software...

  • Page 311: Investment Loans

    Investment loans In the If Construction Loan section, enter the estimated construction duration, in months, in the field or click Calendar and enter the estimated date range of the Period construction. Enter the amount of the required reserve in the field.
  • Page 312 Neg Cash Flow (Subj Prop) • field contains the total negative net rents from the REO section (Other Prop) of the Loan Application • field contains a total of all liabilities, except mortgages, from All Other Pmts Liabilities section of the Loan Application Calyx Software...
  • Page 313 Investment loans • field contains the total monthly payments, including any Total Payments negative cash flow on rental properties. Related information • Refer to Chapter 5, Loan Application, for more information about the Loan Application. • Refer to Chapter 6, Disclosures and other forms, for more Borrower Information information about the...

  • Page 315: Chapter 13-Integrated Products And Services

    Integrated products and services Point can serve as an interface to interact and exchange data online with various lenders and service providers. The following types of interfaces are available: Lenders The Lenders interface provides access to participating wholesale lenders through Point.

  • Page 316: Lenders

    Click OK. Lenders Lenders that are partnered with Calyx provide access to their services from Point. You can complete your transactions with a prospective lender through the Point user interface. When you submit a request to a participating lender, the interface processes the transaction and communicates with the necessary back-end services to complete it.

  • Page 317: Using The Lender Interface

    Automated underwriting decisions in minutes • Instant online locks If your preferred lender is not already partnered with Calyx, ask the lending organization to contact Calyx Software Sales department to become a participating lender. Recommendation It is recommended that you verify your approval status and the territory that a lender covers before you use the Point interface.

  • Page 318: Services

    Services are accessible from the Services menu. The following example uses the credit report request to illustrate how to request a service. Refer to the topic for a particular service for additional information about that service or for prerequisites or exceptions to this process. Calyx Software...
  • Page 319 Services To request a service: Select Services > Credit Reports > Request Credit. A typical request dialog box contains fields on the left to specify a provider; report, quote, or product type; request type; requestor information; and reference number. In addition to the standard information, information that is specific to the service being requested is also included.
  • Page 320 Documents that are requested through Calyx Services are automatically stored in the document repository when it is received from the provider.

  • Page 321: Obtaining An Authentication Certificate

    Services Obtaining an authentication certificate Some flood and credit reporting agencies require that a certificate which authenticates the user with the agency’s server be installed on the user’s computer. This authentication is required to order services from these agencies. The flood and credit reporting agencies that require an authentication certificate display a Request Certificate link below the Agency dropdown list when they are selected.

  • Page 322: Retrieving, Printing, And Saving Service Requests

    The following example uses Closing Documents to illustrate how to access reports and documents that were already ordered and received. To view and print an order after it is received: Select Services > Closing Documents > View Documents menu. Calyx Software...
  • Page 323 Services View/Print Documents dialog box is displayed. By default, all documents are selected. Remove the documents from the list that you do not want to view or print or click Unmark All to remove all documents from the list and select them individually. Click View/Print.

  • Page 324: Correcting Submission Errors When Ordering Services

    Populating AVM data You can populate selected data from the AVM report to the Loan Application To populate the Loan Application with the results of the AVM report: Open the Populate Results dialog box by doing one of the following: Calyx Software...

  • Page 325: Initial Disclosures And Closing Documents

    Services Select Services > AVM Reports > Populate Results or select Services > AVM Reports > View AVM and click Populate Results. By default, all options are selected. Select or deselect the check box next to the AVM result to add or remove the item from the loan file.

  • Page 326: Specifying Investors And Products

    If you attempt to specify a documents provider in a file that was not previously saved, a message is displayed that prompts you to save and name the file. Select Product window is displayed. The first time this screen is accessed, the Select Product list is empty. Calyx Software...
  • Page 327 Services Click Update Products to update a provider list with the investors and products that they currently offer. Recommendation Update the Select Product list regularly to verify that your product selection is still available. If the selected product was discontinued after the product selection was made, an error will occur when you submit your request.

  • Page 328: Ordering Initial Disclosures And Closing Documents

    To order initial disclosures and closing documents: Select Services > Initial Disclosures > Request Initial Disclosures (or Services > Closing Documents > Request Documents). You can also request initial disclosures and closing documents from the Closing Loan Product screens. Calyx Software...
  • Page 329 Services Troubleshooting tip If an error occurs when you submit the request, it is possible that the specified investor or product is no longer offered by the selected vendor. Update the products list to refresh the investors and products that are available from the vendor that you want to use.
  • Page 330 Correcting submission errors when requesting disclosures and closing documents, on page 313, for information about how to correct fields with missing or invalid data. Loan Product • For more information about the screen, refer to Electronic document storage, on page 202. Calyx Software...

  • Page 331: Correcting Submission Errors When Requesting Disclosures And Closing Documents

    Services Correcting submission errors when requesting disclosures and closing documents When requesting initial disclosures or closing documents, the loan information is verified during transmission. If any data is invalid or is missing from the loan file, a dialog box is displayed that contains a list of fields with errors.

  • Page 332: Viewing Loan Data Analysis

    Credit Score Disclosure. Attention Point does not see or process the credit information. If you receive an error, contact the agency to verify receipt of your request. Calyx Software...

  • Page 333: Paying For A Credit Report By Credit Card

    Services The values are shown in the following table: Model name type Min score value Max score value TransUnion Empirica FICORiskScoreClassic04 EquifaxBeacon 5.0 EquifaxBeacon ExperianFairIsaac Related information Refer to Requesting services, on page 300, for information about how to request a credit report. Paying for a credit report by credit card Some credit reporting agencies offer the option of paying by credit card when ordering a Pay by credit card...

  • Page 334: Populating Liabilities And Viewing Credit Reports

    Services > Credit Reports > Populate Liabilities. Populate Liabilities Loan dialog box is also accessible from the Application The accounts on the borrower’s credit report are listed in the Liabilities to be Imported section of the dialog box. Calyx Software...

  • Page 335: Flood Certifications

    Services The following options are available to specify the disposition of each liability: Ignore Moves the selected liabilities from the Liabilities to be Imported list into the Liabilities to be Ignored list and does not import them into the Loan Application Import Moves the selected liabilities from the Liabilities to be Ignored...

  • Page 336: Hazard Insurance Quotes

    In addition to ordering hazard insurance quotes from the Services menu, you can also order a hazard insurance quote by clicking Request Quote on the following screens: • Good Faith Estimate • Loan Application • Request for Evidence of Insurance Calyx Software...

  • Page 337: Title And Escrow

    Services The following information is applicable when ordering a hazard insurance quote: • You are unable to complete the request if you do not obtain authorization from the borrower. BORROWER After you obtain authorization from the borrower, select the AUTHORIZATION check box to proceed with the request.
  • Page 338 Branch Office/Products button to refresh the dropdown list. A login dialog box is displayed. Enter your login information for the selected title company and click OK. If the information is available, the office, products, and title officer information is automatically populated. Calyx Software...
  • Page 339 Services Select the branch office from the dropdown list. Select the check box next to the products you want to order and select an option from the dropdown lists. Enter the name of title officer or select the name of the title officer you want to work with from the dropdown list.
  • Page 340 Escrow check box is selected. Escrow Select the check box. Click the Escrow tab. Select the type of request you are making from the list of escrow options. Enter the order ID number, if applicable. Calyx Software...
  • Page 341 Services Update Escrow Check Status Cancel field is enabled when the , or Order ID Escrow option is requested. To place the order with a specific branch of the title company, click the Refresh Branch Office/Products button to refresh the dropdown list. A login dialog box is displayed.
  • Page 342 Click OK in the Select File dialog box. The document path is entered in the field Send Document to Escrow Company and will be sent when the request is submitted. Complete the information in the Borrowers tab. Select the Borrowers tab. Calyx Software...
  • Page 343 Services The Borrowers tab contains information about the borrower and co-borrowers. Most of these fields are populated from information in the Borrower Information screen. The information for the first borrower in the Borrower Information screen is populated in the Primary Borrower section.
  • Page 344 Integrated products and services Select the Order Details tab. Most of the information in the Order Details tab is automatically populated from other screens. Enter any missing information. Calyx Software...
  • Page 345 Services Select the Agents tab. If the Tracking: Agent screen was completed, the information is automatically populated in the Agents tab. Enter any missing information in the Broker Lender , and Seller sections. Click the Cardex icon to retrieve an agent from the Cardex database. Select the Payoffs tab and record the information about the debts to be paid at the close of escrow.
  • Page 346 Integrated products and services Select the lien position of the first debt to be paid. Complete the , and fields. Payee Name Account No Amount Liability Type To import an existing liability from the Loan Application , click the Select from Liabilities button. Calyx Software...

  • Page 347: Voe/Voi Reports

    Services Select Liability to Payoff dialog box is displayed. Select the liability to import from the list and click OK. The fields for the corresponding lien section are populated with the selected liability information. Complete the payoff information for up to four debts. Click Submit.

  • Page 348: Ordering Employment And Income Verifications

    Select Services > VOE/VOI > Request VOE/VOI. In addition to requesting income and employment verifications from the Services menu, you can also request them from the Verification of Employment (VOE) screen and page 2 of the Loan Application Calyx Software...
  • Page 349 Services VOE/VOI Request dialog box is displayed. In the Select Borrower section, select whether the VOE/VOI is for the borrower or co- borrower. Order New Verification To order a new verification, select Re-Issue Existing Verification To re-issue an existing verification, select .

  • Page 350: Populating Employment Into The Loan Application

    To populate the Loan Application with the employment information: Open the Populate Employment (1003) dialog box by doing one of the following: Select Services > VOE/VOI > Populate Employment (1003) or select Services > VOE/VOI > View Report. Calyx Software...

  • Page 351: Interfaces

    Interfaces Click View. Select the records received to populate into the Loan Application and click Add or click Add All to add all records. Click Populate. Click Don’t Populate to return to the loan file. Interfaces Use the Interfaces menu to order products and services from vendors who have integrated their software to work with Point, making it possible to exchange data without having to exit the application.
  • Page 352 Open a prospect or borrower file. Select Interfaces > Closing Docs. Closing Docs Interfaces dialog box is displayed. Select the vendor you want to use and do one of the following: • To open the vendor’s web site click More Information. Calyx Software...
  • Page 353 Interfaces • To open the Point interface with the vendor, click OK. Click the Launch button to access the vendor’s web site. Follow the instructions provided by the vendor to order services or work with the data. You can return to Point at any time. The Closing Docs option is used in the following example to illustrate how to connect and install an interface vendor: Open a prospect or borrower file.
  • Page 354 To open the Point interface with the vendor, click OK. An automatic installer is available if the Install button is enabled. If the Install button is enabled, click it to begin the installation process. When the installation is completed, proceed to the next step. Calyx Software...

  • Page 355: Viewing The Interface Transaction History Log

    Interfaces If the Install button is not enabled, click More Information to access the vendor contact information. Contact the vendor for information about how to install the interface. Click the Send Data button to send data to the vendor. Follow the instructions provided by the vendor to order services or work with the data because each interface is different.

  • Page 356: Connecting To The Fannie Mae Web Interface

    Specify general preferences by selecting the corresponding check box. Enter your user ID, password, and institution ID in the corresponding fields. Click OK. Accessing Fannie Mae To access the Fannie Mae interface: Open a prospect or borrower file. Calyx Software...

  • Page 357: Navigating The Fannie Mae Screens

    Interfaces Select Interfaces > Fannie Mae > Desktop Originator, or Interfaces > Fannie Mae Desktop Underwriter. Skip this introduction page in To skip the introduction page in the future, select the the future check box at the bottom of the Originator screen. Navigating the Fannie Mae screens Use the three tabs at the top of the Fannie Mae screen to toggle between Point and the Fannie Mae web site.

  • Page 358: Completing And Submitting The Fannie Mae Loan Application

    Caution A submission error can occur if you do not complete all fields. To complete the Fannie Mae Addendum Open a borrower or prospect file. Select Interfaces > Fannie Mae > Addendum. Calyx Software...

  • Page 359: Submitting A Loan For Underwriting

    Interfaces Fannie Mae Addendum screen is displayed. Complete any empty fields that were not populated from other screens. Loan Application Use the utility on the to match real estate to liabilities. Related information For more information about matching REOs and liabilities, refer to Matching liabilities to real estate owned, on page 113.
  • Page 360 Complete, click the Underwriting Status Underwriting Recommendation link to view the recommendations. 11 To return to the loan file, click the Loan Application or the Results tab. A download confirmation dialog box is displayed. Calyx Software...

  • Page 361: Ordering And Viewing A Credit Report

    Interfaces 12 Click Yes to import the changes into Point. Click No to return to Point without updating the loan data. 13 To view the findings or credit reports, click the Results tab and select Underwriting. Related information Refer to Completing and submitting the Fannie Mae Loan Application, on page 340, for information about how to log in to the Fannie Mae web...

  • Page 362: Freddie Mac

    Credit Company To enable the connection to Freddie Mac: Contact Freddie Mac to create an account and obtain your user ID and password. Select Utilities > Freddie Mac LP Setup. Freddie Mac Loan Prospector Setup dialog box is displayed. Calyx Software...

  • Page 363: Freddie Mac Addendum

    Interfaces Freddie Mac Loan Prospector Setup You can also access the dialog box by selecting Interfaces > Freddie Mac > Loan Prospector and clicking the Setup button. Complete the dialog box fields with the information that you obtained from Freddie Mac.
  • Page 364 Freddie Mac. Use the utility on the Loan Application to match real estate to liabilities. Related information For more information about matching REOs and liabilities, refer to Matching liabilities to real estate owned, on page 113. Calyx Software...

  • Page 365: Completing And Submitting The Freddie Mac Loan Application

    Interfaces Completing and submitting the Freddie Mac Loan Application The Point Loan Application is the same as the Freddie Mac Loan Application (1003). Information that was already entered in Point is automatically populated into the Freddie Mac forms. Prerequisite Before you can submit the loan to Freddie Mac, you must complete the Freddie Mac Addendum.

  • Page 366: Viewing Results

    For investment loans, see Knowledge Base article #0455 Entering an Investment Loan in Point. Viewing results When data is sent to Point, the loan file is updated automatically and the imported screens are listed in the Loan Prospector screen. Calyx Software...

  • Page 367: Viewing The Loan Prospector Feedback Certificate

    Interfaces To view the imported screens: Select Interfaces > Freddie Mac > Loan Prospector. The imported screens are listed in the Feedback section. Double-click the document you want to view. Viewing the Loan Prospector Feedback Certificate To view the LP Feedback Certificate of a file you submitted to Loan Prospector without using Point: Select Interfaces >...

  • Page 368: Updating Point Files From Freddie Mac

    WebCaster is a subscription-based web site creation program that mortgage professionals use to promote and conduct mortgage business on the Internet. If you subscribe to Calyx WebCaster, you can transfer loan information from Point to WebCaster, prospective borrowers can submit online loan applications, and your clients can access a detailed loan status report at any time.

  • Page 369: Updating Loan Status

    Interfaces Restart Point for the changes to take effect. Related information For more information about using WebCaster, visit our WebCaster page at www.calyxsoftware.com. Updating loan status To update the loan status for a borrower: Open a borrower file. Select Interfaces > WebCaster > Update Loan Status. WebCaster Loan Status Update dialog box is displayed.

  • Page 370: Viewing Loan Status

    Update the loan status. Select Interfaces > WebCaster > View Loan Status. Log in to the WebCaster web site. The updated loan information is displayed. Related information For more information about updating loan status, refer to Updating loan status, on page 351 Calyx Software...

  • Page 371: Chapter 14-Templates

    Templates Use templates in Point to create boilerplate loan files and loan information that you can reuse multiple times. The Templates tab, which is located on the navigation panel, gives you access to all the template building tools in Point. Build your own templates and customize them to meet your needs.

  • Page 372: Creating Loan Program Templates

    Complete all the applicable fields. If the loan is an adjustable, buydown, or graduated payment mortgage (GPM), complete all fields related to that loan type. For an adjustable rate mortgage, select the check box that indicates whether adjustments should round up or down. Calyx Software...

  • Page 373: Closing Cost Scenario Templates

    Closing cost scenario templates When finished with the template, save the file. Important Do not change the file extension or Point will not recognize the template. Related information For information about how to complete the fields in the loan program template, refer to Truth-In-Lending Disclosure Statement, on page 132.
  • Page 374 #0120 Creating Closing Cost Scenarios to default the Good Faith Estimate. Enter the standard fees that you would use for the loan type. Save the file. Important Do not change the file extension or Point will not recognize the template. Calyx Software...

  • Page 375: Master File Templates

    Most of the information in the Prospect Information screen is so general that it varies from file to file. Because of this, Calyx recommends leaving most of the information blank in the prospect master file template. Related information For more information about master file templates, see Knowledge Base...

  • Page 376: Using Master File Templates

    Click Yes to confirm the deletion. Import and export templates You can create templates to import and export files to and from Point. You can import and export data in Point to ASCII files in single files or in batches. Calyx Software...

  • Page 377: Data Import Templates

    Import and export templates Data import templates You can import data into Point from outside sources, and provide interface capabilities from virtually any other business application. Creating data import templates To create a template to import data from other applications: Select the Templates tab from the navigation panel.

  • Page 378: Editing Data Import Templates

    Select the row that you want to move. To move multiple consecutive rows, select the first row and highlight the rows below it. Select Edit > Cut. Select the row number where you want to move the data. Calyx Software...

  • Page 379: Data Export Templates

    Import and export templates Select Edit > Paste. Data export templates Point interfaces with other Windows® (or DOS®) applications. It also interfaces with applications used by the following types of companies: • Credit • Document preparation • Other mortgage service companies The Export function exports data from one file at a time.
  • Page 380 11 Enter a file name and click Save. Important .exp Point saves data export templates with an extension. Do not change the extension. The file name cannot contain any of the following characters: \ / : * ? “ < > . Calyx Software...

  • Page 381: Creating And Editing Data Export Templates

    Import and export templates Related information For more information about field IDs, refer to Identifying fields and field IDs, on page 65. Creating and editing data export templates The process for creating a new data export template is almost identical to the one for building one from the sample.
  • Page 382 The file name cannot contain any of the following characters: \ / : * ? “ < > . Related information For more information about field IDs, refer to Identifying fields and field IDs, on page 65. Calyx Software...

  • Page 383: Chapter 15-Reports

    Reports Point contains predefined report and marketing document templates that are geared towards simplifying your business needs and increasing your bottom line. You can also create custom templates that meet your exact specifications. Because it is possible to design custom reports and marketing documents, you decide both the report format and the data to include.
  • Page 384 Last Contact Report Tracks contact with borrowers for follow-up items, changes, and comments. Tracks documents that are overdue or missing. Refer to Late Documents Report Specifying late document criteria, on page 42, for information about how to establish late document criteria. Calyx Software...
  • Page 385 Standard reports Report Description Lender Report Tracks the amount of business by a particular lender for expense control and revenue generation. Lender Summary Report Displays the following: • Lender • Loan information • Loan status • General profit generated by the loan Loan Conditions Report Reflects the current outstanding conditions along with the status of the loan.

  • Page 386: Generating Standard Reports

    Therefore, if you select a data folder that you are not authorized to access, no data is retrieved. Select the file types that you want to include in the report by using any combination of Prospect Borrower Include Co-Borrowers , and check boxes. Calyx Software...
  • Page 387 Standard reports Reports In the workspace, select the tab to specify the type of output, and select a template from the dropdown list. Note The reports that contain “Excel” in the title are generated in a Microsoft Excel spreadsheet. These reports display in the lower portion of the Generate results screen.

  • Page 388: Types Of Reports

    It lists only the loans (and their corresponding documents) that are late. To establish what constitutes a late document, set the Docs Due In default from Utilities > Company Defaults > Docs Due In. Calyx Software...

  • Page 389: Contact Information Report

    Standard reports Point compares the specified number of days to the date when the various documents were sent. If the number of days exceeds the setting, the loan is included in the Late Documents report, which indicates how overdue each item is. Contact Information report The Contact Information report is an excellent tool for managing Prospects.

  • Page 390: Business Analysis Report (Banker With Excel)

    • Yearly Trend • Monthly Trend • Range Analysis • Data Dash board Displays all the panels of the report in graphical format. Yearly trend Displays a table of the loans by representative and yearly trend. Dropdown arrow Calyx Software...

  • Page 391: Monthly Trend

    Standard reports Customizing Use the dropdown arrow to remove a year from the total data calculation or to select a specific year for which you want to view the data. Double-click one of the amount rows to display a table full of data for the name shown in the heading, as shown below.

  • Page 392: Lo Summary

    Double-click one of the amount rows to display a table full of data for the name shown in the heading. (If Kathy Bakewell is shown as the representative at the top of the column and you double click one of the rows, you receive a report of her sales for that time period: Calyx Software...

  • Page 393: Data

    Standard reports Data Displays a table of total and average earnings by loan officer. Customizing Use the dropdown arrow next to the words Loan Rep in the Title bar to remove a loan representative from the total data calculation or to select a specific representative for which you want to view the data.

  • Page 394: Warehouse Summary

    The Loan Pipeline (with Excel) displays several panels. Several viewing options are available for the data in the report. You can access them through the buttons at the top of the report. The viewing options are described on the following pages: • Pipeline Status • Detail Status Calyx Software...

  • Page 395: Pipeline Status

    Standard reports Pipeline status Displays an overview of loans in the pipeline. It allows you to select a single loan representative or processor, or view a cross section of their work. You can also view the loans by status, or check all status types. Detail Status Displays a detailed table of the loans in the pipeline.

  • Page 396: Using Functions To Create Formulas In Reports

    Select a function category from the Or select a category dropdown list. A list of functions in that category is displayed in the Select a function section. Select the function that you want to use from the list. Click OK. Calyx Software...

  • Page 397: Creating Custom Reports

    Creating custom reports Function Arguments dialog box is displayed. Depending on the type of option selected, the number of arguments in the dialog box will vary. Enter the arguments. Click OK. Related information For more information about using functions in Microsoft Excel, refer to your Excel documentation.
  • Page 398 Enter a name for the template in the field. Report Title Enter a template description in the field. Description Select the data to include in the template: Select the fields to include in your output from the Field Name dropdown lists. Calyx Software...
  • Page 399 Creating custom reports The most commonly used fields are available in a dropdown list. Choosing a Field Name value automatically populates the column. To include a field name Field ID that is not in the dropdown list, enter the manually. Field Name Field ID Point offers three methods for identifying field IDs: •...
  • Page 400 For more information about methods to determine field IDs, refer to Chapter 22, Combined field IDs, and Identifying fields and field IDs, on page 65. • For more information about using the Condition Builder, see the Knowledge Base article #0453 Using the Condition Builder to generate reports. Calyx Software...

  • Page 401: Specifying Template Sort Options

    Creating custom reports Specifying template sort options Use the Sort Options section of the Template screen to specify the sequence in which the records are to be sorted in the resulting report. To specify template sort options: Select the sequence in which the records are to be sorted in the report from the Sort by, Then by, and Then by dropdown lists.

  • Page 402: Specifying Point Report Viewer Output

    Display Row Numbers To display the row numbers in the report, select the check box. Select File > Save to save the template. Reports Access the new template from the Reports & Marketing tab when the option is selected. Calyx Software...

  • Page 403: Specifying Microsoft Excel File Output

    Creating custom reports Specifying Microsoft Excel file output You can create a template that outputs the report into a Microsoft Excel file with default Excel formatting or you can output the report to a preformatted Excel file. Specifying generic Microsoft Excel output To create a report template to generate report output into a generic Microsoft Excel file: Display Result in Excel Select...

  • Page 404: Specifying Mail Merge Output

    Use the Result for Mail Merge Marketing Documents Select Three options are available in Mail Merge mode: Add Link... Link to an existing mail merge document. Edit Link... Change any information in the mail merge document before linking. Unlink Unlink a mail merge document. Calyx Software...

  • Page 405: Adding A Link To A Mail Merge Document

    Creating custom reports Adding a link to a mail merge document To add a link to a document: Click the Add Link... button. Marketing Document & Options dialog box is displayed. Select one of the following document types: Mailing Label •...

  • Page 406: Editing A Link To A Mail Merge Document

    Formatting Point Report Viewer reports You can format the following aspects of a report that was output in Point Report Viewer format. • Font • Row Colors • Grid Color • Auto Size Rows • Auto Size Columns • Headers and Footers Calyx Software...

  • Page 407: Creating Data Filters

    Manipulating report output To format a report: With the report open in Point Report Viewer, select Format and select the item that you want to change. Modify the settings in the resulting dialog box and click OK. Creating data filters A data filter is used to “filter”...

  • Page 408: Sorting

    A data file is saved when the report is saved. 10 To return to the original report results, delete the filter criteria from the Filter dialog box or regenerate the entire report. Sorting The sort function works much the same as a filter. Calyx Software...
  • Page 409 Manipulating report output To sort a report: With the generated report open in Point Report Viewer format, select Data > Sort to open the Sort dialog box. In the Sort by, Then by, and Then by dropdown lists, select the sequence in which the records are to be sorted in the resulting report.

  • Page 410: Subtotaling

    To export the results of a report in Point Report Viewer format to XML: Select File > Export > XML. In the field, choose a destination directory. Save In In the field, enter a file name, and click Save. File name Calyx Software...
  • Page 411 Manipulating report output .xml Point automatically assigns the file an extension of Note Data filters do not transfer when you export to XML. Exporting reports to custom ASCII To export the results of a report in Point Report Viewer format to custom ASCII format: Select File >...

  • Page 412: Manipulating Excel Report Output

    File name Point automatically assigns the file an extension of .xls Recommendation Calyx recommends editing the report template to change the output to Display Results in Excel. This change provides a more seamless data integration. Manipulating Excel report output After a report is generated into Excel output, use the controls in the...
  • Page 413 Manipulating report output Dashboard Displays all panels of the report in graphical format. Data Displays a table containing the information that is specified by the individual report template. Detail Status Displays a detailed table of the loans in the pipeline, alphabetically by filename.

  • Page 415: Chapter 16-Marketing Tools

    Marketing tools Use Marketing tools to store information about your prospects and borrowers, customize marketing documents, and produce custom documents that assist your prospects and borrowers in making mortgage decisions. In this topic • Standard marketing documents • Custom forms •...

  • Page 416: Generating Address Labels

    Refer to the Microsoft Word documentation for information about how to format a Word document. Generating a standard marketing letter Use the standard marketing letter templates to generate letters for mass mailings to a select group of clients or prospects. Calyx Software...

  • Page 417: Generating A Standard Marketing E-Mail

    Standard marketing documents To generate a standard marketing letter: Click the Reports & Marketing tab from the navigation panel to open the Reports & Marketing Generate Results screen. Select the data folders where the data is to be obtained. Click Select All to collect report data from all data folders.

  • Page 418: Custom Forms

    Automating routine tasks such as requesting estimated HUD statements or • document updates Managing lender-required submission forms • Creating custom forms To create custom forms: Select the Templates tab from the navigation panel. Custom Forms/Letters/Email Select and click New. New Custom Form dialog box is displayed. Calyx Software...
  • Page 419 Custom forms Enter a name for the form and click OK. A blank Microsoft Word document and the Point Custom Form dialog box are displayed. Construct your form by selecting values from the Select Point Field dropdown list and clicking Insert. Enter punctuation and spaces as needed. If the field you need is not included the dropdown list, select Other Point Fields Not Listed Above…, click Insert, enter the field ID, click Insert, and click OK.
  • Page 420 When you are finished creating your form or letter, click Save and then click Close. Point creates a Word document with the file extension .pcd Caution Do not change the file extension or Point will not recognize it as a merge document. Calyx Software...

  • Page 421: Creating Custom Forms From Existing Microsoft Word Documents

    Custom forms To preview the document, click the Preview button. The merged document contains sample data. Related information • For information about identifying Point field IDs, refer to Identifying fields and field IDs, on page 65. • For information about generating a marketing letter after you create a custom form, refer to Generating a standard marketing letter, on...

  • Page 422: Printing Custom Forms

    • For information about printing forms, refer to Print and e-mail options, on page 84. • For information about adding your company logo to a form, refer to Adding a company logo to marketing letters, on page 406. Calyx Software...

  • Page 423: Creating Open House Flyers

    Custom forms Creating open house flyers Point contains an open house flyer template that you can use to market a specific property. The flyer includes the following information: Contact information for the loan agent • Contact information for other agents •...

  • Page 424: Adding A Company Logo To Marketing Letters

    To position the logo manually, enter the number of inches to move the logo to the right or down in the corresponding field. To move the logo up or to the left, enter a negative value. To adjust the size of the logo, enter the percentage in the field. Zoom Calyx Software...

  • Page 425: Documenting Borrower And Prospect Personal Information

    Documenting borrower and prospect personal information Click OK. Attention The logo is automatically inserted into the following forms when printed or previewed: • Amortization Schedule • Cash to Close • Debt Consolidation Worksheet • Loan Comparison • Prequalification • Rent vs. Own Documenting borrower and prospect personal information Use the Personal Information...

  • Page 426: Tracking Client Communication

    Determine whether a potential borrower is rated hot, warm, or cool by their interest in proceeding with the loan. After your prospects are rated, you can run a report that shows your prospect’s level of interest at a glance. Calyx Software...

  • Page 427: Documenting Client Discussions

    Client communication To indicate the next contact or meeting, enter a contact date, time, and a note about the reason for the contact in the , and fields. Contact Date Time Memo Recommendation For more advanced functionality such as setting up meeting reminders, use the Task Manager to schedule calls and meetings.
  • Page 428 Items are listed in reverse date order. The first 100 characters of each entry are visible in the main Conversation Log dialog box. Entries with more than 100 characters are appended with an ellipsis (...). Hover the mouse over the entry to display a Calyx Software...

  • Page 429: Amortization Schedules

    Amortization schedules tool tip that contains the entire entry. You can also double-click the entry to open and view it in a separate window. Attention Only users who have full non-secure access are able to perform all of the functions in the conversation log. If you are processing files in a secure environment but do not have access to a secured area, you can only add new entries or view them.

  • Page 430: Creating An Amortization Schedule For An Adjustable Rate Loan

    If you have created a loan program template, click Loan Program to select one. Complete the 1st Pmt Date Loan Amt  Note Rate Term___mths,  Due __mths fields. In the __ % field, enter the maximum percentage that the rate will increase 1st Adj Cap for the first change to occur. Calyx Software...

  • Page 431: Customizing Payment Schedules

    Amortization schedules In the field, enter the number of months until the first percentage 1st Change__mths change will occur (for example, if the first adjustment is scheduled to occur in 24 months, enter that number here.) In the field, enter the maximum percentage that the rate will increase for Adj Cap __% each period.

  • Page 432: Customizing Manually

    Loan Application and shows the prospect or borrower the amount of cash needed to close a loan. Cash-to-Close To manually enter values in the screen, click the lock box next to the corresponding field to unlock the field. Calyx Software...

  • Page 433: Consolidating Consumer Debt

    Consolidating consumer debt For purchase transactions, complete the following fields: a. Purchase Price e. Est. prepaid items f. Est. closing costs j. Subordinate financing l. Fees paid by others that you must deduct (such as lenders or builders) For refinance transactions, complete at least the following fields: d.

  • Page 434: Comparing Loans

    The loan scenarios can be as similar or different as you choose. However, it is important to be consistent. If you include taxes, insurance or other costs in one scenario, remember to include them in all the others. Open a prospect or borrower file. Select Marketing > Loan Comparison. Calyx Software...
  • Page 435 Comparing loans Loan Comparison screen is displayed. Any existing loan data in the loan file is automatically populated in the corresponding fields in the column. Prospect Program Enter up to three loan scenarios in this screen and use them for comparison purposes.

  • Page 436: Printing Loan Comparisons

    This comparison is included on the FHA Consumer Choice Disclosure Notice when it is printed. To complete the FHA Consumer Choice Disclosure Select Utilities > Company Defaults > FHA Consumer Choice Dis. Calyx Software...

  • Page 437: Comparing Renting To Owning

    Comparing renting to owning FHA Consumer Choice Disclosure Notice dialog box is displayed. Edit the values to create your sample scenario. Click OK. Comparing renting to owning The Rent vs. Own tool produces a comparison showing the advantages of owning a home over renting.

  • Page 438: Prequalification

    Click HE & Oblig. In the Housing Exp & Other Obligations dialog box, select the following options to enter supplemental data: Option To enter... HazIns Hazard insurance Taxes Property taxes MtgIns Mortgage insurance H O Assoc Homeowners’ association dues (when applicable Calyx Software...

  • Page 439: Prequalifying By Prospect

    Prequalification Click OK. Click Present HE. In the Present Housing Expense dialog box, enter the current monthly payments. Click OK. 10 In the Required Ratio section, use your lender’s guidelines to enter data for the top and bottom values for the debt ratios. 11 Complete the fields of the Max Loan-to-Value...
  • Page 440 In the Max Loan Amt section of the Prequalification screen, click Calc. Point calculates the Maximum Property Value for which the borrower qualifies. 10 Click Copy from Max Prop Value to populate the purchase price and loan amount. Calyx Software...

  • Page 441: Chapter 17-Tasks

    Tasks The Task Manager in Point is used to create and manage tasks that are associated with loans. Create tasks to document actions that are needed to process loans. Each task is associated with a loan file. When tasks are completed, a permanent record of the task is kept with the loan file.
  • Page 442 Due Date The default status is Open and the field is automatically filled with the Open Date current date. High Medium Select , or from the Priority dropdown list. Enter any additional information about the task in the field. Comments Calyx Software...
  • Page 443 Creating tasks If you are not in an open loan file, click Browse to locate the loan file to associate with the task. Requirement All tasks must be associated with a loan file. If you do not select a loan file, an error will occur when you attempt to save the task.

  • Page 444: Processing Task Reminders

    Searching for tasks (basic search) A basic task search locates open or overdue tasks in the selected data folder or all data folders. To search for an open or overdue task: Select the Tasks tab on the navigation panel. Calyx Software...
  • Page 445 Searching for tasks Select All Open Tasks or All Overdue Tasks from the Search For dropdown list. Select All Folders or Current Folder from the In dropdown list. Attention The current folder is determined by the folder that is selected in the Data Folder dropdown list on the Loans tab.

  • Page 446: Searching For Tasks (Advanced Search)

    Use the Advanced Search function to define more specific search criteria to further refine your search. To perform an advanced search for a task: Select the Tasks tab on the navigation panel. Select (Advance Search) from the Search For dropdown list or click the Advanced Search button. Calyx Software...
  • Page 447 Searching for tasks Advanced Task Search dialog box is displayed. Select the check boxes next to the data folders to search in the Data Folders section. Click Select all to select all folders or click Deselect all to deselect the selected folders.

  • Page 448: Editing Tasks

    The tasks that match the search criteria are displayed in the work space. Editing tasks To edit a tasks: Select the Tasks tab from the navigation panel. Select a task and click Open to open the Task Details dialog box. Calyx Software...

  • Page 449: Closing And Deleting Tasks

    Closing and deleting tasks Task Details You can also access the dialog box from an open loan file by clicking the New Task icon or selecting Utilities > Show Tasks and clicking the Open Task button. To change the subject, edit the text in the field.

  • Page 450: Printing Tasks And Task Lists

    Searching for tasks, on page 426, Accessing current tasks Use the Show Tasks option to open the Current Tasks dialog box for the open loan file. Restriction The Show Tasks option is available only from an open loan file. Calyx Software...
  • Page 451 Accessing current tasks To access the Current Tasks dialog box: Open a prospect or borrower file. Select Utilities > Show Tasks or click the Show Tasks icon on the toolbar to open the Current Tasks dialog box. You can create, open, update, delete, and print tasks from this dialog box. Point User Guide...

  • Page 453: Chapter 18-Data Import And Export

    Data import and export Use the Point data import and export features to transfer data between Point, lenders, and other applications. Any software program that can perform either of the following two functions can transfer data: Create ASCII (delimited text) files •...

  • Page 454: Importing Point For Dos Files

    Navigate to the file location and select the file to import. Select the file type from the Files of type dropdown list. Select the file to import from the directory and click Open to initiate the import process. The import is completed. Calyx Software...

  • Page 455: Importing Fannie Mae Files

    Data import Importing Fannie Mae files To import a file in Fannie Mae format into Point: You do not need to use a template when converting files from Fannie Mae format versions 3.0 or 3.2, because the field mappings are already built into Point.
  • Page 456 .txt file to import or enter the file name and path in field. File Name Click Open to initiate the import process. The records in the text file are imported into individual loan files in Point. Calyx Software...

  • Page 457: Importing Multiple Files In Fannie Mae Format

    Data export Importing multiple files in Fannie Mae format Use batch import to import multiple Fannie Mae files. Requirement To import a batch of files, you must enable the Auto File Naming utility (select Utilities > Auto File Naming). Select the Templates tab from the navigation panel. Data Import Select Select the import template you want to use and click Open.

  • Page 458: Exporting Files To Other Applications

    The default directory is c:\PNTTMPL\dataexp. Enter a file name in the File name field. Select the file type from the Save as type dropdown list. Click Save to initiate the export process. The file is saved in the specified directory. Calyx Software...

  • Page 459: Exporting Files To Fannie Mae Format

    Data export Exporting files to Fannie Mae format To export data to Fannie Mae format: You do not need to use a template if your destination application accepts files in Fannie Mae format because the field mappings are already built into Point.
  • Page 460 Click OK to confirm the export. Related information For more information about data export, see the following Knowledge Base articles: • #0100 Exporting data from Point to Microsoft Access 2003 • #0118 Exporting a Point file to a Fannie Mae format file Calyx Software...

  • Page 461: Chapter 19-Contact Management (Cardex)

    Contact management (Cardex) Cardex is an electronic database that you create of people and companies that you interact with when processing your loan files. Use the Cardex database to populate Cardex-enabled fields automatically. You can enter contact information into the database manually or you can transfer information from a completed form.

  • Page 462: Creating Categories

    To add a category, select Add, enter a category name, and click OK. To edit a category, select the category name and click Edit. Modify the category name in the Edit Selection dialog box and click OK. To delete a category, select the category name and click Delete. Calyx Software...

  • Page 463: Entering Data Into The Database

    Entering data into the database After you are finished adding and editing options, click OK. Related information For more information about creating Cardex categories, see Knowledge Base article #0106 Creating Cardex categories and entering records. Entering data into the database To create a new record in the database: Select Utilities >...

  • Page 464: Editing Database Entries

    To edit a record in the database: Select Utilities > Cardex Database to open the Cardex Database (Browsing for all records ) dialog box. Select a record and click Open. Cardex Record dialog box is displayed. Edit the record as needed. Calyx Software...

  • Page 465: Copying, Deleting, And Sorting Records

    Copying, deleting, and sorting records When you are finished editing the record, you can do one of the following actions: Click Save & New to create a record • Click Print to print the record • Use the arrow buttons to navigate to other records to edit •...

  • Page 466: Searching For Records

    If you do not specify a category, all categories are searched. Click Search. The records that match your search criteria are displayed in the workspace. Related information For more information about Cardex categories, refer to Creating categories, on page 444. Calyx Software...

  • Page 467: Using The Advanced Search Dialog Box

    Printing Cardex records Using the Advanced Search dialog box Use the Advanced Search dialog box to specify more specific search criteria. To perform an advanced search: Select Utilities > Cardex Database to open the Cardex Database (Browsing for all records ) dialog box.

  • Page 468: Printing Individual Records

    Print and e-mail options, on page 84. • Refer to Copying, deleting, and sorting records, on page 447, for information about how to sort the Cardex database. • Refer to Searching for records, on page 448, for information about searching for Cardex records. Calyx Software...

  • Page 469: Data Transfer

    Data transfer Data transfer Cardex-enabled fields in Point forms are indicated by the Cardex symbol ( ). Populate Cardex-enabled fields from the Cardex database or export the data in these fields to the Cardex database. Transferring database entries into a loan file To transfer data from Cardex into a form in a loan file: Open a prospect or borrower file.

  • Page 470: Data Import And Export

    Microsoft Outlook® contacts • Another Cardex database • A comma delimited file • Attention If the file type that you want to import is not one of the three supported formats, convert your source file to a comma delimited file. Calyx Software...

  • Page 471: Importing A Cardex Database

    Data import and export Importing a Cardex database To import an external Cardex database file into your Cardex database: Select Utilities > Cardex Database. In the Cardex Database [Browsing for all records] dialog box, select File > Import. Import dialog box is displayed. Other Cardex file Select the radio button and click Next.

  • Page 472: Importing Comma Delimited Files

    Importing comma delimited files To import comma delimited files into Cardex: To import an external Cardex database file into your Cardex database: Select Utilities > Cardex Database. In the Cardex Database [Browsing for all records] dialog box, select File > Import. Calyx Software...
  • Page 473 Data import and export Import dialog box is displayed. Comma delimited file Select the radio button and click Next. Import Source dialog box is displayed. Click the ellipsis button (...) to navigate to the file to import. Select the file and click Next.

  • Page 474: Exporting Data From Cardex

    Select Utilities > Cardex Database. From the toolbar in the Cardex Database [Browsing for all records] dialog box, select File > Export. Export Custom ASCII dialog box is displayed. Select the Field Separator, Record Separator, and Text Qualifier. Calyx Software...
  • Page 475 Data import and export Field Separator The Field Separator separates each field in the report with the specified delimiter. The default option is {tab}. {tab} Uses a tab as the field delimiter. , (comma) Uses a comma as the field delimiter. {return} Uses a return as the field delimiter (each field is on a separate line in the report).

  • Page 477: Chapter 20-Hmda Reporting

    To run the HMDA report: Select the Reports & Marketing tab from the navigation panel. Reports In the workspace, select the radio button and select Calyx Report – HMDA Report from the dropdown list. In the workspace, click Additional Filters. In the...

  • Page 478: Sending The Hmda File To Hud

    Entry Software. You can download the software at: http://www.ffiec.gov/hmda/softinfo.htm. Institutions are strongly encouraged to submit their HMDA–LARs by e-mail. You can find the following data under “How to File” at the FFIEC web site, www.ffiec.gov/hmda: Instructions for e-mail submissions • Calyx Software...
  • Page 479 Sending the HMDA file to HUD Mailing address for non-electronic submissions • Related information HUD has recently transferred HMDA data to the Federal Reserve Board. For additional information about the submission process, contact HMDA Assistance at (202) 452-2016, or e-mail HMDAhelp@frb.gov. Point User Guide...

  • Page 481: Chapter 21-Data Folder And User Management

    Data folder and user management Point Administrator is a tool that is used to manage data folders, users, template locations, and server settings. Use data folder management to store data folders in different stages, by branch location, or by whatever method established by your company. The following functions are available in the Point Administrator: Create data folders •...

  • Page 482: Managing Data Folders

    Establishing initial ownership of the Primary Data Folder ensures more data security and file control. You should establish an owner of the primary data folder when you open it for the first time. To establish folder ownership: Open Point Administrator. Select Setup Data Folders. Calyx Software...
  • Page 483 Managing data folders Data Folder Manager dialog box is displayed. If a data folder has an owner, the column contains a check mark. Owned Select the data folder and click Modify Properties. If you already established ownership of another data folder and you use the same password for this folder, you can copy settings from the established folder to this one.

  • Page 484: Creating New Data Folders

    Secured folders that require password access have a key icon in the Secured column. Click Close when finished working with folders. Creating new data folders Create new data folders to manage your loan files and organize your work flow. Calyx Software...
  • Page 485 Managing data folders To create a new data folder: Open Point Administrator and click the Setup Data Folders button to open the Data Folder Manager Click Create New. New Folder Supervisor Login dialog box is displayed. Enter the Supervisor password in the field, and click OK.

  • Page 486: Copying Folder Settings

    The copy Data Folder Settings dialog box is displayed. In the Data Folders section, click Copy Folder Settings. Requirement To copy settings from one folder to another, you must have the same supervisor password set up on both. Calyx Software...

  • Page 487: Modifying Data Folder Properties

    Managing data folders Copy Data Folder Settings dialog box is displayed. In the Copy Settings FROM dropdown list, select the data folder from which you want to copy settings. In the TO dropdown list, select the destination folder. Click Copy. A confirmation message is displayed to indicate that the data folder settings were copied successfully.

  • Page 488: Connecting To Existing Data Folders

    Connecting to existing data folders If you have a data folder that was created externally, you can connect to it from the Data Folder Manager To connect to an existing data folder: Open Point Administrator. Click Setup Data Folders. Calyx Software...

  • Page 489: Disconnecting Data Folders

    Managing data folders Data Folder Manager dialog box is displayed. Click Connect Existing. Connect to Existing Folder dialog box is displayed. Click Browse to navigate to the folder to connect to or enter the folder path manually. Click OK. Data Folder Manager The data folder is added to the Disconnecting data folders To remove access to a data folder, you can disconnect it.

  • Page 490: Changing The Order Of Folders In Dropdown Lists

    It is possible to arrange the order of folders in the data folder dropdown lists by changing Data Folder Manager the order in the To change the order of the data folders: Open Point Administrator. Click Setup Data Folders. Data Folder Manager dialog box is displayed. Select the data folder you want to move. Calyx Software...

  • Page 491: Data Folder Security

    Data folder security Click the Move up or Move down button to move the data folder before or after the folders next to it in the list. The other data folders retain their same order. Data folder security Security in Point is established for users at the folder level. The settings specify who can access loan files and what information in the file they can view.

  • Page 492: Setting User Access To Data Folders

    Open Point Administrator. Click Setup Users in the Users section. User Manager dialog box is displayed. Select the folder to set the properties for from the Data Folder dropdown list. Click New User. Modify User Properties dialog box is displayed. Calyx Software...
  • Page 493 Data folder security Enter the name of the user who is allowed access to the folder in the field. Full Name Important The name must match exactly as it was created in the Processor or Representative dropdown list in the Dropdown list utility. This Processor’s Files Only This This step is especially important if you select...

  • Page 494: Copying User Settings

    You can copy user settings from folder to folder so it is not necessary to repeat the setup process for each folder a user can access. To copy user settings: Open Point Administrator. Click Copy Users and enter the Supervisor password if prompted. Calyx Software...

  • Page 495: Modifying Users

    Data folder security Copy User Settings dialog box is displayed. In the Data Folder dropdown list in the FROM section, select the data folder to copy the settings from. In the Data Folder dropdown list in the section, select the folder to copy the settings To copy all users, click Copy All Users.

  • Page 496: Removing User Access

    The default template directory is c:\PNTTEMPL. To change the default template directory: Open Point Administrator. Click Change Template Directory to open the Template Folder Manager dialog box. Click Browse to navigate to the new template directory location or enter the path manually. Calyx Software...

  • Page 497: Using Point Data Server

    Using Point Data Server Click OK. Related information For more information about Point directories, see Knowledge Base article #0124 Point default folder structure. Using Point Data Server The Point Data Server (PDS) is a centralized server that offers centralized access to loan files, templates, reports, and Cardex data across your organization.
  • Page 498 Point Data Server. Click OK to save the configuration. Related information • For more information about adding PDS to your current Point system, contact Calyx Software at 1-800-342-2599. • For more information about operating your PDS server, see the User Guide.

  • Page 499: Chapter 22-Combined Field Ids

    Combined field IDs To help you build custom reports more efficiently, Point includes the most common fields in the Field Name dropdown list on the Reports Template screen. When the field name is selected, the column is automatically populated with the field ID. However, in Field ID some cases a field name with a corresponding field ID is not available from the dropdown list so you must enter the field name and ID manually.
  • Page 500 6652, 6662, 6672, 7202, 7212, 7222, 7232, 7242, 7252, 7262, 7272 Amount (Funds Received) Trust Account 6601, 6611, 6621, 6631, 6641, TRAMTR 6651, 6661, 6671, 7201, 7211, 7221, 7231, 7241, 7251, 7261, 7271 Loan Comparison 20049 Prequalification Truth-In-Lending Calyx Software...
  • Page 501 Field name Location Field numbers Field ID Balance Trust Account 6699 TRBAL Chk (Funds Paid Out) Trust Account 6607, 6617, 6627, 6637, 6647, TRCHKP 6657, 6667, 6677, 7207, 7217, 7227, 7237, 7247, 7257, 7267, 7277 Chk (Funds Received) Trust Account 6604, 6614, 6624, 6634, 6644, TRCHKR 6654, 6664, 6674, 7204, 7214,...
  • Page 502 Calculates the date the first rate change will occur 1st Pmt Date based on the data entered in the 1st Change fields BRWINTS Borrower Interest Retrieves the data that was entered in the Personal Borrower Interests fields in the Information dialog box and combines them into one field in the report. Calyx Software...
  • Page 503 Field ID Field name Description Company CITY Retrieves the city that is specified in the Information dialog box. CH1INTS Child 1 Interest Retrieves the data that was entered in the CH2INTS Child 2 Interest Child Interests corresponding fields in the CH3INTS Child 3 Interest Personal Information dialog box and combines...
  • Page 504 • Refer to Chapter 20, HMDA reporting, for information about HMDA reporting. • For information about the fields, the screens where they are located, and their functions, refer to the corresponding topic in this information. Calyx Software...

  • Page 505: Glossary

    Glossary 1003 The standard loan application. Amortization Schedule The dollar figures in the Payment Schedule represent principal, interest, plus Private Mortgage Insurance (if applicable) over the life of the loan. These figures do not reflect taxes, insurance, escrows, or any temporary buy down payment contributed by the seller. amortization Loan payment by equal periodic payment calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.
  • Page 506 A short term loan for building businesses or homes. Construction loans usually disburse funds to the builder as construction progresses. conventional loan A mortgage that has not been insured either by FHA or by the VA. Calyx Software...
  • Page 507 county code A three-digit numerical code that is based upon the Federal Information Processing Standard (FIPS). CRV (certificate of reasonable value) An appraisal done by the Veterans Administration that lists a property's present market value. date of determination The date on which a Flood Hazard Determination was reached. delimiter In Point, a character that is used to separate one data set from another.
  • Page 508 Metropolitan Area. margin The amount a lender adds to the index on an adjustable rate mortgage to establish the adjusted interest rate and determine the interest rate actually paid. The margin added to Calyx Software...
  • Page 509 the index is known as the fully indexed rate. For example, if the current index value is 5.50% and your loan has a margin of 2.5%, your fully indexed rate is 8.00%. Margins on loans range from 1.75% to 3.5% depending on the index and the amount financed in relation to the property value.
  • Page 510 A long-term, low- or no-down payment loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements. The U.S. government guarantees these loans against default; therefore, they do not require a down payment. Calyx Software...
  • Page 511 VOD (Verification of Deposit) A document signed by the borrower’s financial institution verifying the status and balance of his/her financial accounts. This document is generally not needed if recent bank statements are available. VOE (Verification of Employment) A document signed by the borrower’s employer verifying his/her position and salary. This document is generally not needed if recent pay stubs are available.

  • Page 513: Index

    Index aggregate escrow account, GFE amortization ABA number, warehouse advance & repayment loan program template negative account ID, locating specifying payment adjustments account number, warehouse advance & amortization schedules repayment adjustable rate mortgage account verification creating acknowledgement and agreement clause in loan customizing payment schedules manually application customizing payments automatically...
  • Page 514 Calyx moving from external source Services closing loans saving creating registration request...
  • Page 515 TIL closing documents up-front funding fees checking order status calculations, statutory required correcting submission errors California Fair Lending address, specifying data analysis, viewing Calyx training information e-delivery xiii Cardex database ordering advanced search printing copying entries providing vendor-specific data...
  • Page 516 FHA MCAW - Refinance for FHA loans configuring utilities FHA 203(k) Worksheet for FHA loans confirming rate lock GFE for FHA purchase loans connecting GFE for FHA refinance loans loan files Good Faith Estimate to an existing data folder Calyx Software...
  • Page 517 to Fannie Mae using credit card to purchase to Freddie Mac viewing to the transaction management (TMS) server Credit Score Disclosure credit score, populating Credit Score Disclosure consolidating debt construction loans current lender list construction-to-permanent current residence information, entering in loan regular application specifying in loan application...
  • Page 518 Credit Score sorting Equal Credit Opportunity Act storing external documents Fair Credit Reporting Act supported file formats Flood Insurance document storage GFE Provider Relationships documenting contact with borrowers Good Faith Estimate documenting personal information Initial ARM Initial ARM, completing Calyx Software...
  • Page 519 documents employment verifications sending with escrow request described sending with title request printing tracking retrieving tracking for loan sale viewing DOS applications, creating export templates enabling field pop-up help DOS directory, change default entered by name, changing down payment, entering in loan application Enterprise Summary report, description downloading files from host envelopes, printing...
  • Page 520 PNTDATA, creating for network FHA MCAW - Refinance, completing for FHA PNTTEMPL, change location loans PNTTEMPL, creating for network FHA 203(k) Worksheet, completing for FHA loans WINPOINT, change location WINPOINT, creating for network field IDs font format conventions combined Calyx Software...
  • Page 521 form letters VA Loan Comparison generating VA Verification of Benefit-Related marketing Indebtedness (26-8937) form margins, adjusting verification formatting conventions benefits formatting report output deposit formatting reports in Point Report Viewer employment former addresses, entering in loan application loan mortgage/rent former employers, entering in loan application 1008 203(k) Worksheet (HUD-92700) forms...
  • Page 522 HE & Oblig, Good Faith Estimate forms HELOC loan-to-value ratio, in transmittal Outlook contacts into Cardex summary verification data from loan application help resources impound account fees help, enabling field pop-up help calculating payments High Cost Loan Disclosure excluding HMDA registration Calyx Software...
  • Page 523 income verifications Fannie Mae printing addendum, completing retrieving credit reports, ordering and viewing viewing desktop originator income, entering in loan application loan application, completing index lists, rebuilding matching real estate to liabilities information bar navigating the screens current status submitting a casefile for underwriting loan checklist submitting loans information screen...
  • Page 524 Calyx Software...
  • Page 525 market value, entering printing matching liabilities and real estate refinance monthly housing expenses Loan Conditions report monthly income calculator loan conditions, tracking monthly payment settings loan fees, GFE mortgage insurance, entering loan files mortgage type adding co-borrower names on title, entering advanced search other assets archiving...
  • Page 526 Loan Submission Sheet open house flyer Loan Summary report predefined letters loan tasks Calyx Software...
  • Page 527 templates creating calculating editing cash-to-close predefined PMI, MIP in loan application marketing function buttons, described up-front mortgage insurance marketing letters up-front mortgage insurance, FHA loans adding company logo miscellaneous items data folder, specifying adding to loan checklist file type, specifying editing filtering data required...
  • Page 528 Truth-In-Lending Disclosure omitted liability payoff information, escrow and title requests online document storage pending service requests, checking status accessing personal information, documenting adding non-Point documents adding Point forms deleting documents Calyx Software...
  • Page 529 piggyback loans prequalification investment closing cost scenario template purchase loan program templates switching to first loan file prequalifying loans Pipeline report by property PITI (Principal, Interest, Tax, Insurance) by prospect prerequisite event for conditions cash-to-close previewing before printing PMI, MIP in loan application price adjustments, entering up-front mortgage insurance primary data folder, establishing ownership...
  • Page 530 Initial ARM Disclosure removing documents from the loan checklist specifying in TIL removing miscellaneous items from the loan rate lock checklist meeting requirements rent vs. own comparison specifying Calyx Software...
  • Page 531 rental property report templates, identifying field IDs entering in loan application reports gross rent Address Label report occupancy rate, specifying Appraiser Vendor re-ordering closing documents ARM Loans for Refinance re-ordering initial disclosures Builder repayment date, warehouse advance & Business Analysis Report (Banker with Excel), repayment description repeat loans, duplicating files...
  • Page 532 IDs and passwords obtaining description sample.exp file selecting products saving files Self-Employed Income Analysis auto save utility seller information, transmittal summary automatically sending files to remote host document repository sending loans to Fannie Mae sending marketing letters via e-mail Calyx Software...
  • Page 533 server installation retrieving reports services saving documents in document repository authentication certificate AVM reports saving provider password ordering saving reports populating into loan application specifying investors and products canceling order title reports changing order agents checking closing documents order status borrowers checking initial disclosures order status payoff information...
  • Page 534 GFE Calyx Software...
  • Page 535 title conditions, tracking registration and rate lock Title Report (Vendor) report required documents, adding to checklist title reports title conditions see also, services trust account information agents underwriting status attaching documents to request verifications, populating borrowers traditional loans, MLDS/GFE (CA) cancel request training information xiii...
  • Page 536 Fannie Mae connectivity deposit Freddie Mac LP setup employment loading field IDs loan information Point for DOS directory, specifying default mortgage Calyx Software...
  • Page 537 vested interest in retirement funds e-mailing Veterans Administration (VA) receiving in e-mail Loan Summary Sheet (26-0286) Numerics Refinance Worksheet (26-8923) View LP Feedback button 1003 viewing loan status, WebCaster 1008 viewing the task list 1084 1098 203(k) worksheet 26-0286 26-1805/26-1843 warehouse advance &...

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