20 Mortgage Service Providers Added to Calyx Software Network

November 09, 2007 (PRLEAP.COM) Business News
SAN JOSE, Calif., Calyx Software(R), the mortgage industry's leading provider of loan marketing, originating and processing software, has expanded the Calyx Network with a new network interface update. The November Calyx Network Interface update contains connections to 20 mortgage service providers and includes the first commercial lender, Silver Hill Financial. The Calyx Network allows users of Calyx Software's Point(R) loan origination software to connect directly with lenders and mortgage service providers, automating data exchange and streamlining the loan origination process.

Updates are automatically installed into Calyx Point and add new providers to the application on a bi-monthly basis. The Calyx Network Interface update is automatically installed into Point versions 5.2 and higher as users open their software and connect to the Internet.

The following mortgage service providers have joined The Calyx Network:

* Product and Pricing - Mortech Inc.

* Credit - CSC Credit Services

* Title - Resource Real Estate Services, LLC - Land Title - Title One, Inc.

* Title/Escrow - Alamo Title - Chicago Title Company - Closing Market - Commonwealth Land Title Company - Fidelity National Title - Gateway Title Company - Lawyers Title Company - Reliant Closing Solutions - Security Union Title Insurance Company - Southland Title Company - Ticor Title

* Fraud Detection - DataVerify - LoanShield

* Commercial Lenders - Silver Hill Financial

* Internet Services - PitchPoint Solutions

In October, Calyx Software reported 13.4 million business transactions were processed on more than 10 million loan files over The Calyx Network during the first nine months of 2007. The transactions stemmed from over 23 million exchanges between users of Calyx Point and the more than 300 participating lenders and service providers.