Calyx Software to Offer eXpertivity’s End-to-End Outsourced Mortgage Loan Processing

SAN JOSE, CALIFORNIA – Calyx® Software, provider of the mortgage industry's leading Point® software, announced today that they have entered into an agreement with eXpertivity Mortgage Processing Solutions (aka eXpertivity Mortgage Solutions Corp.), a leading national provider of mortgage loan processing services. eXpertivity provides end-to-end loan processing services, including full compliance and post closing services. Technology enabled outsourced loan processing should become available after the next Point I-Update in September, and will directly connect Point users with eXpertivity from the Point software interface, enabling them to enjoy the benefits of outsourcing right after the initial data is entered.

For the first time, eXpertivity’s outsourced processing agreement will be available online through the Point® software. The service is provided for a fee, charged only on closed loans.
“The new interface, expected to be launched in September this year, incorporates the eXpertivity processing interface, allowing our customers to select premier Title, Appraisal, Credit and Outsourced Mortgage Processing vendors. We welcome eXpertivity to our family of carefully selected leading vendors in the mortgage industry and are looking forward to our mutual success,” said Dennis Boggs, Senior Vice President of Calyx Software.

Jim Crowe, eXpertivity’s National Sales Manager, stated “We are excited about our new agreement with Calyx as an example of our commitment to continued delivery of high quality services to our customers and by providing them with new loan processing methodologies and technologies. These technologies enable us to successfully transfer client in-house processing to our outsource facilities."

“We process loans, using the Calyx Point platform and we believe the Calyx LOS system will continue to maintain its leadership in our industry,” added Ilan Nachmany, eXpertivity’s President and CEO.

eXpertivity and Calyx are at the final systems integration stage in creating the interface, which will allow for secured online XML initial file transfer and request for processing, using the MISMO standard.

About Calyx Software

Calyx Software is dedicated to helping mortgage brokers and direct lenders increase their profitability by providing reliable and affordable software that streamlines and optimizes all phases of the loan process—from loan marketing through loan sale. The Calyx Network connects loan officers and processors to numerous lenders and service providers, using technology that allows all parties to exchange data easily. This seamless interaction, coupled with the robust features in the Point product line, increases efficiency and maximizes profitability by enabling more loans to close more quickly. Please visit www.calyxsoftware.com for more information.

About eXpertivity

eXpertivity began operations in early 2005 and has established itself as a leading expert in the field of mortgage processing. eXpertivity provides scalable end-to-end Mortgage Processing solutions to the mortgage industry. eXpertivity manages the entire process of converting mortgage applications into closed loans — quickly, accurately, securely, and in full compliance. eXpertivity delivers technology-enabled Mortgage processing services which simply and easily help mortgage originators convert applications to closings. eXpertivity is privately held, with headquarters in Fairfield, New Jersey. For more information regarding eXpertivity, visit www.expertivity.net or call Jim Crowe at 973-244-1844.