what s new in point 5.3

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1 what s new in point 5.3 Point is ready to make your job easier. Calyx Point 5.3 is packed with new features, updated forms, and a host of enhancements that make loan origination and processing even faster and more efficient. From the new Task Reminder that prompts you when tasks are due to the improved Conversation Log that places log entries at your fingertips, keeping track of items that pertain to loans is easy. Also new in version 5.3 is your direct connection to flood certification services. Like credit, flood services can now be requested in Point, making transactions instant and seamless. Enjoy all of the new features that Point 5.3 has to offer.

2 Introducing flood certification in Point. When you choose Flood Certification from the Services menu in Point 5.3, you can order and receive flood certificates through a quick, convenient, and direct connection. When it s time to request a flood report, simply select a flood certification company from the drop-down list, enter the required information, and click Submit. Prospect or borrower information is transmitted directly to the flood certification company s system, where the complete flood certificate is rapidly generated, transmitted back, and stored with the loan file in Point. Anytime you copy or move a loan file, the associated flood certificate moves with it. Requesting flood certification from the Services menu makes it easy to order, update, or modify flood certificates instantly. Enjoy instant access to flood certification services. When you request flood certification, the Flood Certification Request screen appears. Borrower data comes directly from the loan file, so all you have to do is specify the flood requirements. Order, receive, and manage flood reports and information. Select from several flood certification companies. Populate the Borrower file with flood information. Submit the flood certification request without leaving Point.

3 Need a reminder? Point 5.3 includes the new Task Reminder a handy feature that lets you set a reminder for critical tasks. A reminder notice will pop up on the day and time you specify, ensuring that you never forget an important task. Reminders are easy to set.

4 Converse with style. The Conversation Log sports a new look in Point 5.3. It features a row-and-column format each row contains a separate item pertaining to the conversation. And when you hover over an item, the entire entry is displayed, making conversation review fast and efficient. Whenever a new entry is made, the date and time are added automatically. If your organization uses secure data folders and you enter a conversation item, your name is automatically added each time a new entry is created. If your organization does not use secure data folders and you enter a conversation item, your name is saved in the user profile on your Point workstation. When new conversation items are added, your name is retrieved and added to the Entered By field.

5 New Features in Point 5.3 Credit Reports (Services Menu) When ordering a credit report, the Range of Score fields on the Credit Score Disclosure form populate automatically. The following items have been added to the Credit Request screen: Payment by Credit Card and Requested By (for credit agencies that wish to include it) Borrower and Co-Borrower Former Address, City, State, and Zip fields Instead of displaying Response file could be not read" when an error occurs, Point now displays a specific message with possible causes and suggested solutions. Loan Application Page 3: Enter or download up to 200 Liabilities and 200 Real Estate Owned properties Fee Recalculation Specific fees on the Loan Application and Good Faith Estimate recalculate automatically when the Loan Amount, Sales Price, or Appraised Value is changed. If the user prefers, the following fees can be locked or modified manually instead: Hazard Insurance Premium Hazard Insurance Reserves Mortgage Insurance Premium Reserves Taxes and Assessment Reserves Closing or Escrow Fee Title Insurance City/County Tax/Stamps State Tax/Stamps Three user-defined fields Updated Forms IRS Request for Copy of Tax Return (4506) IRS Request for Transcript of Tax Return (4506-T) HUD Conditional Commitment D.E. Statement of Appraised Value (HUD B) HUD/VA Addendum to Uniform Residential Loan Application (HUD A/ a) 203(k) and Streamlined (k) Maximum Mortgage Worksheet (HUD-92700) FHA DE Analysis of Appraisal FHA Energy-Efficient Mortgage Fact Sheet Standard Flood Hazard Determination VA Loan Analysis ( ) VA Request for Certificate of Eligibility (VA ) VA Verification of VA Benefits ( ) Texas Mortgage Broker/Loan Officer Disclosure California Mortgage Loan Disclosure Statement/Good Faith Estimate Florida Brokerage Business Contract Florida Lender Disclosure Cardex Database Freddie Mac Character count limits have been increased for the following fields: Company Name (up to 50 characters) Cardex Category (up to 20 characters) (up to 75 characters) Before a loan is submitted, Point will check the loan file and notify you if portions of it have not been filled out correctly. With the implementation of the Property Inspection Alternative, the option of ordering No Appraisal MAF is no longer offered by Freddie Mac; therefore, it has been removed. New export options have been added for Loan Prospector 2.1 (first added in Point 5.2a). A checkbox for Stated Express Mortgage has been added to the Freddie Mac Addendum for Stated Express Mortgage loans. New Lender Connection Beginning Q3 2006, you can conduct direct transactions with the newest lender in Point No Red Tape Mortgage right from your Point desktop.

6 For More Information Visit the Calyx Web Site Call Calyx Information and Sales Line How to Order Online Information and Online Ordering By Phone Information and Sales Line Calyx Software 6475 Camden Avenue Suite 207 San Jose, CA Calyx Software. All rights reserved. Calyx and Point are registered trademarks of Calyx Software. Printed in U.S.A. 5/06