Calyx Software and Loan-Score Decisioning Systems are integrating their respective loan origination system and automated underwriting system on Friday, to offer users access to automated pricing and underwriting for each investor and eligibility standards associated with the Federal Housing Administration. The new functionality is tied in with Calyx Point, the current Calyx origination program, and was released to already registered users earlier this month. Loan-Score’s product and pricing engine as well as its automated underwriting system will be accessible through the Point user interface to everyone else on Friday. “Our integration with Calyx is one of the most strategic initiatives we’ve taken to capture market share,” said David Colwell, executive vice president of Loan-Score. “Embedding our Web-based application in Point provides Calyx users access to our comprehensive decisioning platform.” Without leaving the Calyx Point program, users can interact with Loan-Score, receiving price quotes and automated underwriting pre-approval. Users can also access the FHA TOTAL Scorecard through Loan-Score, which helps lenders evaluate credit risk associated with an origination. Calyx is a mortgage solutions provider to banks, credit unions, mortgage bankers and brokers. Loan-Score provides a decisioning platform for lenders that includes a product and pricing engine, a portfolio analysis engine, an automated underwriting system and a channel-focused point-of-sale. Both companies are based in California. Write to Christine Ricciardi.
Calyx and Loan-Score to integrate origination and automated underwriting systems
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