According to QuestSoft, the company will package components of its line of regulatory products under Calyx's label, Calyx Verifyde, to replace Calyx's current regulatory reporting options. QuestSoft says it will also provide training, programming and customer assistance for Calyx's customer support operations in Dallas, as well as direct assistance to Calyx customers for Community Reinvestment Act (CRA) and Fair Lending services.
In addition, QuestSoft says it will be providing Calyx customers, which include banks, credit unions, mortgage bankers and brokers, with a set of error checks, along with uploads of the RegulatorConnect Licensee Examination File required by the Conference of State Bank Supervisors for multi-state exams, and by some individual states for their exams.
‘Our new relationship with QuestSoft allows Calyx to significantly expand the automation in our compliance offerings and concentrate our resources on more productivity enhancements," says Dennis Boggs, executive vice president of business development for Calyx. "We also now have an additional team of expert resources to rely on that is very hands-on in assisting our lenders with their compliance questions and concerns.’