Calyx Announces Path Integration with Mortech Product and Pricing Engine
November 18 2020 - 8:00AM
Calyx®, a leading provider of compliant mortgage software solutions
used by banks, credit unions, mortgage lenders and brokerages
nationwide, announced today its Path® loan origination software
(LOS) is now integrated with Marksman®, the industry-leading
product and pricing engine (PPE) from Mortech®.
Path is an innovative, cloud-based solution designed to simplify
the loan process while still providing lenders the controls and
flexibility they need to run their business. The data-driven LOS is
completely configurable to the lenders’ specific needs, including
workflows, roles, organizational structure and compliance controls.
As a result of this integration, Path users will now be able to
seamlessly access accurate, real-time product and pricing
information from leading wholesalers, correspondents and investors
via the Mortech platform.
The Mortech platform automatically delivers best execution
pricing with real-time rates factoring in base price, SRP, LLPA’s
and profit margin. It also simultaneously compares PMI premiums and
eligibility. Because the process is automated, there is no need to
manually search and compare rates, fees and guidelines. Users can
customize default settings to see specified loan types or rates
from designated wholesalers and investors. This system also
monitors investor guideline eligibility. Mortech has an established
integration in the Calyx flagship LOS, Point® and is available to
all mutual users.
“We are excited to be working with Calyx to help bring
simplicity and automation to our lenders workflow. By providing
access to real-time mortgage offers, we enable a more streamlined
approach for borrowers searching and comparing rates. In today’s
high-volume origination environment, automation is more important
now than ever,” says Doug Foral, General Manager at Mortech.
Thomas Hennen, Director of Strategic Partnerships at Calyx,
said: “The decision to integrate with Mortech was an extremely easy
one. The company is a leader in automation and is known for its
competitive pricing and dedicated customer service. Also, in a
category where implementation can run 150 to 180 days, Mortech is
able to onboard lenders as fast as two to three
weeks.”About MortechMortech
supplies thousands of mortgage professionals with a number of
services and tools, such as all-in-one pricing, customer retention,
rate notification, custom rate sheets, loan product eligibility and
guideline services. Founded in 1987, Mortech is based in Lincoln,
Neb. and is owned and operated by Zillow Group, Inc. (NASDAQ:Z and
ZG).
Mortech is a registered trademark of Zillow, Inc. For more
information, visit: http://www.mortech.com/.
About CalyxCalyx® is an established provider of
compliant mortgage software solutions used by banks, credit unions,
mortgage lenders, and brokerages nationwide. The company’s
easy-to-use technology, including its online borrower interview,
loan origination systems, and secure electronic signature software,
is designed to streamline, integrate and optimize all phases of the
loan process for customers of various sizes, workflows, channels
and complexities. Combined with its extensive network of integrated
partners, Calyx products deliver a true digital mortgage solution
that maximizes profitability and enhances the customer experience.
For more information, call (800) 362-2599 or visit
www.calyxsoftware.com.
Contact: |
Campbell Lewis
Communications |
|
Amanda Gonzalez |
|
212.995.8058 |
|
amanda@campbelllewis.com |
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