Calyx, a provider of loan origination software, has launched Calyx Wholesaler MarketPlace, a portal where mortgage brokers can connect with leading wholesale lenders.
Seven industry-leading wholesale lenders are currently accepting loan submissions through this wholesale network including Caliber Home Loans, Quicken Loans, Freedom Mortgage, Stearns Lending, Plaza Home Mortgage, Sierra Pacific Mortgage and Cardinal Financial Co.
Additional lenders are in the process of integration with launches coming soon, Calyx says in a release.
Calyx Wholesaler MarketPlace is integrated with Calyx Point, a preferred LOS among mortgage brokers.
It is also a key feature of NAMB All-In, a cloud-based platform made available for free to National Association of Mortgage Brokers (NAMB) members.
Brokers can connect with a participating lender directly from their LOS file, to register, lock, and submit the loan they are working on. The loan data is transferred automatically, without the broker having to export a FNMA 3.2 file and upload it manually to the lender’s website.
“We developed Calyx Wholesaler MarketPlace to make the mortgage origination process easier for both brokers and wholesalers,” says Thomas Hennen, director of strategic partnerships at Calyx. “This central portal allows brokers to connect with multiple wholesalers and seamlessly submit a loan file without leaving their Calyx loan origination system.”