TheMReport — News and strategies for the evolving mortgage marketplace.
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TH E M R EP O RT | 5 MTECH provide its lender clients operating in the mortgage and specialty finance markets with access to capital, secondary markets solutions, and fulfillment services. IMA will continue to focus on Mortgage Servicing Rights (MSR) brokerage and independent asset valuation as part of Incenter's Secondary Markets Solutions platform, which provides advisory services to financial services companies, including hedge advisory services, best execution analysis, MSR valuation and sales, pricing model development and management, dynamic reporting and analysis, direct to investor whole loan trading, securitization, and product development. "With the acquisition of Interactive Mortgage Advisors, Incenter adds a key set of services and capabilities that will enhance our ability to service the needs of our Clients. We are delighted to add such a high-caliber team that will continue to be led by Managing Directors Tom Piercy and Chris John," said Nicholas Smith, Incenter's President. CalyxSoftware Enhances Its Product and Pricing Engine ADJUSTING FOR ADDITIONAL COMPLEXITIES IN TODAY'S MARKET, CALYXSOFTWARE NOW OFFERS PRICING PRODUCTS SPECIFICALLY FOR CUSTOM LENDING AND INVESTOR PURCHASES. C alyxSoftware, a provider of compre- hensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders, and brokers, recently announced it developed separate versions of its Pricer Product and Pricing Engine for portfolio lenders with their own rate sheets (Custom Pricer) and originators looking for investor pricing supplied by Calyx (Investor Pricer). The new separate versions, used with Calyx Point, eliminate multiple logins, loan program templates, and the need to rekey data. In addition, the bidirectional data flow simplifies processes and improves accuracy and efficiency. Users are able to locate the best deals for their clients, see the street price for borrowers, and lock or float rates and their loans. "Having all loan products in one place, with the ability to check the loan levels for each and see any adjustments, keeps our team on track at all times," said Bob Dougherty, VP of Mortgage Operations, Merchants Bank, N.A., who has used Pricer for years. "Pricer has sped up production and reduced errors, which helps our originators be more efficient and profitable." Loan originators can price scenarios instantly and correctly in both versions without using paper, and only eligible rate cards and programs are visible to users. Rate and fee information, including Loan Level Price Adjustments, are automatically imported into loan files. Pricer also sends, tracks, and preserves every rate quote and lock request. "The latest enhancements to our Pricer solution are designed to better match the specific needs of both buyers and sellers in today's more complex, post-TRID, post-QM market," said Dennis Boggs, EVP, "The latest enhancements to our Pricer solution are designed to better match the specific needs of both buyers and sellers in today's more complex, post-TRID, post-QM market." —Dennis Boggs, EVP, CalyxSoftware