Calyx Software, a provider of loan origination and processing software, has released of Point version 6.2. The latest version of the Point application is fully compliant with recent Federal Housing Administration (FHA) changes that include the new forms required for all FHA loans beginning Oct. 1.
Point 6.2 features the new FHA Loan Underwriting and Transmittal Summary form as well as the FHA HUD/VA 92900 addendum form. The FHA Loan Underwriting and Transmittal Summary form replaces both the FHA Mortgage Credit Analysis Worksheet Purchase Money Mortgages (MCAW) (HUD-92900-PUR) and FHA Mortgage Credit Analysis Worksheet (HUD-92900-WS).
The FHA HUD/VA 92900 Addendum has also been updated with mandatory changes including signature lines for co-borrowers and new required verbiage. The new forms enable Point users to process an FHA loan more efficiently through Point, Calyx Software says. Users can easily print and send documents directly to the lender in a timely fashion.
For a complete listing of the Point 6.2 enhancements, go to www.calyxsoftware/go/newinpoint.
Source: Calyx Software