Now mortgage brokers and correspondents can seamlessly access more lenders
from Calyx to quickly and easily find the best fit for each customer
San Francisco, CA – September 9, 2018 – SecondaryWire, Inc. today announced that a new integration with Calyx Software will allow mortgage brokers and traders to seamlessly interact with the SecondaryWire online auction platform directly from Calyx Point®.
SecondaryWire is an innovative online auction platform that allows loan sellers to post basic loan details – loan amount, interest rates, property location, loan purpose, credit ratings, etc. Lenders can search for loans that meet specific portfolio requirements and connect with brokers anywhere in the U.S., without the expense of having to open branches or adding loan officers.
Calyx Point® is a software tool that helps banks, credit unions, mortgage bankers and brokers effectively manage their loan marketing, prequalification, origination and processing workflows. The new integration with SecondaryWire allows them to upload loan data and receive lenders’ bids for their mortgage loans directly within the tool they already use.
“SecondaryWire is committed to ensuring originators have the support they need to maximize their performance and serve their customers effectively,” said Larry Mullen, Founder and Executive Vice President of SecondaryWire. “We’re very excited to add direct support for the tool that so many of our customers rely on to originate and process their loans. Extending their workflow automation into lender outreach is a natural evolution for Calyx users.”
Pricing information: Loan buyers pay a flat rate of $49 for each loan acquired. Annual SecondaryWire membership for loan sellers is $99 per user.
Based in San Francisco, CA, SecondaryWire applies modern cloud application technology to the needs of the wholesale mortgage market. Our unique model brings natural buyers and sellers together and enables them to efficiently negotiate secondary mortgage transactions without intermediaries. Institutional members can trade large pools or individual loans with unprecedented ease. Loan sellers increase liquidity and availability of funds while loan purchasers enjoy dramatically reduced costs of origination. The end results are formidable: both parties increase funding volume, decrease costs, and thus, boost overall profitability. www.secondarywire.com
About Calyx Software
Calyx Software is a provider of mortgage software solutions for banks, credit unions, mortgage bankers and brokers. Dedicated to offering reliable, innovative software, Calyx helps streamline, integrate and optimize all phases of the loan process. PointCentral®, our flexible platform, utilizes the full functionality of Point combined with remote access and a strong business rules engine needed for work flow and compliance. Point, the leading LOS, simplifies loan processing and enables seamless integration with other Calyx products, including: INK-it™, an easy-to-use, secure electronic signature; Verifyde®, HMDA/NMLS Call Reporting, and WebCaster®, a professional appearance, do-it-yourself website solution. Pace® TRID provides lenders, wholesalers and correspondents the forms needed to create compliant Loan Estimates and Closing Disclosures. With more than 200 service providers within the Calyx Network®, lenders never have to leave their LOS.