Dallas-based Calyx Software, a mortgage solution software provider, announced the release of its Point version 9.2 to help mortgage lenders produce and deliver TRID compliant loan estimates and closing disclosures.
With the TRID disclosures going into effect on Aug. 1, the industry is working in overdrive to prepare.
This new release follows the trend and provides and automates the new LE and CD forms, along with including enhancements to ensure compliant disclosures that use the older forms.
“We learned recently that some origination software systems are only supporting TRID compliant LE and CD going forward from Aug. 1. This means some lenders will have to stop originating loan types that still use the old forms after TRID goes into effect,” said Doug Chang, president.
“It was quite challenging to continue supporting the current disclosures as well as adding the new disclosures within one system, and we are pleased that we managed it. We worked hard to maintain a user-friendly solution and limit the changes to a minimum, keeping many of the familiar steps and screens intact,” he added.
