Calyx, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, and wholesale and correspondent lenders and brokers, has announced that Oaktree Funding, a wholesaler, has become a participating lender in Calyx Point.
Calyx Point is a loan origination system (LOS) for mortgage brokers. Brokers can connect with a participating lender directly from their LOS to search eligible loan programs prior to loan submission. Oaktree Funding offers mortgage products such as non-QM and non-agency programs.
“As the refinance market contracts, brokers will need new products, like non-QM, to replace the volume,” says Kristopher Martin, Oaktree’s co-CEO. “Becoming a participating lender on Point will connect Oaktree with the thousands of brokers using this LOS, showcasing our non-QM programs and giving brokers easy access to new sources of business.”
“We are extremely pleased to welcome Oaktree to Point,” states Michele Parson, senior marketing manager at Calyx. “The process is easier for originators by enabling them to connect with multiple wholesalers and seamlessly determine eligibility on a loan file without leaving their Calyx LOS.”