Central Pacific Bank Using Calyx’s Path LOS

Central Pacific Bank, a mortgage lender in Hawaii and the primary subsidiary of Central Pacific Financial Corp., is using Calyx Software‘s new Path loan origination system (LOS) to originate mortgage loans.

The new Path LOS, made by PathSoftware, a division of Calyx, was designed to simplify and streamline mid- to enterprise-level, multi-channel loan origination, the company says in a release.

As a portal with a single point of entry, all loan data, lock data, products, pricing, automated underwriting system findings, disclosure documents, compliance assurances and closing documents emanate and are reconciled within one system.

“We looked at 12 LOSs altogether, and having the latest available technology, with a flexible workflow, was an important factor in our decision,” says Kirsten Kemper, vice president and capital markets manager for Central Pacific Bank. “Path’s clean, easy-to-use interface shows what each user needs to do their job, and its reliable data entry auto-populates all screens correctly, eliminating duplicative entry in single loan file. In addition, Path will allow us to do business online and paperless – which will not only save us time and courier costs, but also improve efficiency and productivity.”

According to Dennis Boggs, executive vice president of PathSoftware, the new LOS is designed to enhance visibility and improve productivity across multiple business channels – wholesale, retail and correspondent.

Path is also the first completely data-driven (not form-driven) LOS. Borrower and property information is collected one time and propagated across all forms, making adapting to and complying with new regulations easier and more efficient.

“Path’s design can truly transform the way lenders originate loans,” Boggs says. “The flexible yet precisely configured workflows and role-based security are unique in the marketplace.”

Central Pacific Bank provides a full range of mortgage services that include retail, portfolio and correspondent lending, as well as investment and trust services, through a network of 35 branches in the state of Hawaii. The bank has more than $5 billion in assets.


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