Calyx Software Message Board / Calyx Point / Forms / Regulations

Credit Score Information Disclosure Page 2, Point V6.2 is wrong

VMG Admin — Tue, 30 Sep 2008 13:16:23 GMT

I noticed my first V6.2 problem. Point is auto filling Transunion's address line where the Applicant's name is supposed to be. This is at the bottom of the Credit Score Information Disclosure on page 2.

WA state forms

mmullin — Sun, 17 Feb 2008 17:44:54 GMT

WA has three state specific forms - is there the possibility of having those as standard forms?

New FHA Loan Underwriting and Transmittal Summary form (HUD-92900-LT)

wbowyer — Fri, 30 May 2008 05:53:59 GMT

I just got an email from FHA saying this form will replace the Mortgage Credit Analysis Worksheets (forms HUD-92900-PUR and HUD-92900-WS). I just wanted to make sure this would be available in an update before FHA's deadline.

Details on the form are available in mortgagee letter 2008-15 (http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/08-15ml.doc)

New Cal MLDS 8/08 revision

vhmcmando — Thu, 18 Sep 2008 15:58:09 GMT

I noticed some comments about the new RE882, I tried importing the from to custom forms, but it was too large a form. Will the update be available to download on-line or do we have to wait for the 6.2 update. I have several lenders requiring me to include the form now. Do you know of a way to import the fomr into custom forms as opposed to calculating everything an inputting into the DRE site everytime?

APPRAISAL FEE IS NOT BEING ADDED INTO THE TOTAL CLOSTS IN 6.1A

SoCalLoanOfficer — Fri, 29 Aug 2008 21:00:12 GMT

i am using point 6.1a for the first time. I had quite the time balancing my good faith estimate

because the appraisal fee was not being added in. I was only able to get it added in when i

removed it from the appraisal line, and put it into another line manually.

Has anyone else found this to be the case? In my case the seller was paying it, and it did

not seem to matter if it was poc or not.

CA MLDS - Nontraditional Mortgage Product

Nyte — Tue, 02 Oct 2007 15:13:25 GMT

Good Afternoon,

The California Department of Real Estate has announced the required use of a new "Mortgage Loan Disclosure Statement/Good Faith Estimate for Nontraditional Mortgage Product" (RE 885), effective 9/28/07.

Can anyone tell me if Calyx is planning to implement this new form in Point and, if so, when that might occur?

The announcement can be found here (see "DRE Form RE 885"). The actual form and instruction: re885.pdf and re885_Pg3_Instructional_Guide.pdf

Thank You!

Forms - Date Prepared

cpeterson — Fri, 20 Jun 2008 16:31:54 GMT

Is this just a manual process or is this supposed to work? Example...

Loan app taken, initial disclosures sent on May 1, 2008. Date prepared auto populates at May 1, 2008.

Loan structure changes, GFE/TIL updated, disclosures reprinted May 15, 2008. Date prepared is still May 1, 2008.

This date should update since the form was updated.

What do I need to do to get this to work?

Field ID 4991

ChrisSauerwein — Mon, 28 Jul 2008 11:40:10 GMT

This is an obscure question, but where is field 4991 housed in a Master Template?

I'm attempting to clear the date in field 4991 as all of our Patriot Act forms are going out with a date of 12/30/2004 (I'm shocked no one has noticed this before now and I only stumbled upon it when changing paper at a printer). When working in the Master Template, the Forms>Patriot Act Disclosures is not available to me (not Prospect or Master) so I can't get to the field to clear it out.

Any help would be appreciated.

Bankers.....Unite!!!!!!!!!!

sredding — Tue, 22 Jul 2008 12:50:53 GMT

Hi,

Calyx is having problems being a Banker user software:

The GFE in 6.1 has changed and we are unable to put a % in for "yield spread to broker by lender" and Print the "Banker" GFE not the broker.

The answer I got from Calyx customer service is the GFE was made and is governed by RESPA...

I understand but as a Bank I must comply to NY State Law and disclose the % of the Yield Spread.

Also the GFE for a FHA does not display the Base Loan Amount.

Also page 4 is pretty that well known date if not caught before, I'm out of Compliance.

NY Application Log: On part IV Lender/status/broker

Lender: is me but the Broker: prints out me b/c my info is in the Utilities.

I could go on.......

Debt Cons. Worksheet crashes Point on Print

rawdr — Wed, 04 Jun 2008 15:59:08 GMT

Point was crashing when we would go to the Debt Consolidation Worksheet and try to print or print preview the form. First error was titled "winpoint.exe - Common Language Runtime Debugging Services" and the second was Point's generic "Unhanded Error" referencing System.NullReferenceException, CPicture.Render, and CBaseView code.

Turned out to be related to the JPG that was selected in Company Defaults > Marketing Letterhead. Re-exporting our logo to JPG but choosing RGB instead of CMYK colorspace fix the problem. This is just meant as a bug report. I've attached pictures of the error messages as well as an example JPG which should crash Point if used in the above scenario.

Formatting the Servicing Disclosure Statement

mmullin — Sun, 17 Feb 2008 17:43:38 GMT

Where can you set the defaults for page 2 of the Servicing Disclosure Statement? I've toured the Master Template and can't seem to find a place to input the necessary info.

Thanks

Informed Consumer Choice Disclosure Notice

jkenny — Wed, 20 Feb 2008 06:51:02 GMT

We had a auditor notice an error on the Informed Consumer Choice Disclosure Notice form provided by Calyx - Form ccdisc.frm dated 1/01 - The last statement reads as follows:

If you were NOT (Not is in Italics) charged a up-front premium, as for example on condominiums, you will pay the monthly premium for the life of the mortgage.

Condos for FHA now do pay the upfront, so this statement needs to be removed.

Can this form be fixed and posted to the support website? Thanks.

Licence Number on Forms

mmccaugh — Thu, 17 Jan 2008 12:07:28 GMT

I was just informed we need to have licence numbers on any form a borrow signs now, is there any easy way to accomplish this? I am running v5.3 currently.

If the forms can be modified I can simply add it to every form, but I am not sure if there is a method to do this or a patch that will address the issue.

TX Mortgage Fraud Notice, effective September 1, 2007

wbowyer — Thu, 30 Aug 2007 08:01:24 GMT

H.B. No 716, sect 343.105 requires effective September 1, 2007 that all loans used to secure a primary residence include a disclosure on mortgage fraud. Will this form be available in an update soon? I can add it as a custom form in the mean time.

Here's a link to the requirements:

http://www.capitol.state.tx.us/tlodocs/80R/billtext/pdf/HB00716F.pdf

MLOA vs. Mortgage Brokerage Business Contract

jmohr — Thu, 15 Nov 2007 12:36:33 GMT

Why use the the generic Mortgage Brokerage Business Contract for states that don't have a specific form (such as AZ)? Doesn't the Mortgage Loan Origination Agreement cover it?

Mortgage Loan Origination Agreement

processor — Mon, 29 Oct 2007 16:40:26 GMT

I am required to use a Chase MLOA dated 6/05. I have the Calyx 6.0 version. However the current MLOA available through my version of CAlyx is dated 7/01 and there is a section missing about services provided compared to the new version. Will Calyx be updating the current MLOA from 7/01? The form I need to use has three sections 1 . Nature of Relationship, 2. Services Provided, 3. Our Compensation. Please advise.

Right to Receive Appraisal form missing in 6.0

kchosen1 — Fri, 10 Aug 2007 13:44:42 GMT

Does anyone know how to get the notice of right to receive appraisal back into forms after the new 6.0 updat?;)

Autoword termination error

mwm50 — Sun, 14 Oct 2007 14:01:29 GMT

Using Point 6.0a I get a runtime termination error indicating autoword.exe "terminated in an unusual way" when printing a custom form with script running. This custom form handles the MailMergeBeforeRecordMerge event. Autoword fails to process any additional forms after this.

The MailMergeBeforeRecordMerge event is being used because I have to perform some relatively sophisticated calculations using the merge record database. This information isn't available after the merge is complete. Any ideas?

NY Pre-Application Form / Broker or Lender

jkenny — Wed, 03 Oct 2007 06:28:15 GMT

I would like to know what the difference is between the broker and lender versions for the NY Pre-Application disclosure provided by Calyx? From reading thru them, they appear to be exactly the same. Shouldn't Lender be where the word Broker is on the Lender version?

Fannie Mae/Freddie Mac Changes effective 9/13/07

spmortgage — Tue, 11 Sep 2007 14:28:01 GMT

These changes were announced in Freddie Mac and Fannie Mae’s July 13, 2007 Bulletins with an effective date of September 13, 2007 for all Initial Interest Mortgages that have loan application dates on or after this date. They are making the changes to their requirements for nontraditional Mortgages in order to be consistent with the practices referenced in the Guidance.

In the bulletin, it stated that the borrower must be qualified using a monthly housing expense that includes, but is not limited to, the principal and interest payment on the Mortgage that is calculated in accordance with the Guide. For the purpose of qualifying the borrower, the principal and interest payment must be based on a fully amortizing payment schedule for the term of the Mortgage.

I don’t see that Point has made those changes on the App and Transmittal to reflect the P&I payment of the Interest-Only loans. When will this happen anytime soon since the effective date is this week?

Along with this, the Guidance requires financial institutions to ensure that borrowers have sufficient information to clearly understand loan terms and associated risks prior to making a product or payment choice. The Agencies published illustrations intended to assist financial institutions to provide the consumer information discussed in the Guidance (Fed Reg Vol. 72, No. 110, pages 31825-31832.) Will Point be providing those Fact notices for users on the Interest-Only and Subprime ARMs?

FL required YSP disclosure to borrower 3 days prior to closing

investors_rehab — Wed, 12 Sep 2007 12:32:33 GMT

Effective Oct. 1, FL is requiring MBBs to give the borrower a disclosure form stating the exact amount of the YSP we will be getting from the lender. Is there a form to download or a patch to download?

AFFILIATED BUSINESS DISCLOSURE

ann — Tue, 04 Sep 2007 17:24:14 GMT

HOW DO I CHANGE THE DATE ON THE AFFILIATED BUSINESS DISCLOSURE?

ARM Disclosure Forms

Eroom88 — Mon, 26 Mar 2007 15:25:24 GMT

I recently converted to Point from Genesys. Point is superior in most ways, but, Genesys had a very simple ARM disclosure that was pegged to the various indexes. What options do I have to properly disclose ARMs? Does anyone have a simple template? THanks.

Mapping Custom Forms

keystone — Wed, 15 Aug 2007 11:36:21 GMT

Looking for some help on mapping some of our custom forms. With the basic Calyx Point functions I have no problem mapping different fields to our custom forms. However, I am running into some issues where when I want to perform calculations I get error messages from the printer if one of the mapped fields was blank.

For instance:
Lets say I want to take field 701+702+705 and display it on my custom form. My process was to use the Calc function that is built into word. So I would enter something like this
=(701+702+705) ... I would then replace 701 with the merge point field 701, and so on and so on for the rest of the values. When printing the doc if all of those fields have values I am fine. If one of these fields is blank I get an error from the printer.

I'm sure I could fix this with an If Then Else statement but the function for this provided by Calyx doesn't seem to be to effective. Or maybe I'm just doing something wrong.

Does anyone have a pointers, suggestions, help ... ?

p.s. - I understand that this could be handled by using Visual Basic with the forms, but our staff does not consist of programmers.

Thank you,
Eric Lilly

FHA Request for Appraisal

Hula — Thu, 19 Apr 2007 11:38:07 GMT

On the Request for Appraisal form screen, the FHA Case Number field is there. However, it doesn't carry over to the printed form Request for Appraisal. FHA Appraisers need that information, so our processors are handwriting it on the form. Which prevents the form from being emailed. (I have told them to put it in the notes section, but...)

Anyway, we are on version 5.4 and PDS. Does anyone have any ideas, or should I take this over to the "Ideas and Suggestion" forum?

Massachusetts State Specific Disclosures

Point, MD — Thu, 09 Aug 2007 11:08:16 GMT

I don't see that Point 6.0 added any MA specific disclosures to the current set of disclosures. The two forms are: MA-Atty General's Broker Disclosure Form and MA-Loan Origination and Compensation Disclosure for mortgage brokers. Will Point be adding these soon?

Borrower/Broker Agreement

gdavis6464 — Mon, 30 Jul 2007 18:06:11 GMT

California's Department of Corporations requires is Brokers licensed by the California Finance Lenders Laws (CFL License) to provide all borrowers with a "Borrower/Broker Agreement" according to Section 22337 of the California Financial Code.

I do not see this form in Point. Is this form available?

The forms currently in Point such as the Mortgage Loan Origination Agreement do not provide all the necessary information to the borrower needed to be in compliance.

Borrower's Certification and Authorization form

mfspyle — Tue, 05 Jun 2007 06:09:19 GMT

How do I input my company's name in the blanks provided on the Borrower's Certification and Authorization form? I have looked everywhere and can't seem to figure it out.

Thanks in advance,

Michelle

Loan purpose on 1008

ChrisSauerwein — Fri, 01 Jun 2007 08:21:07 GMT

I'm not sure why I never noticed this before, but is there a reason that the box for Cash-Out Refinance is not checked when the purpose is Cash-out for home improvement?

The box for Home Improvement is checked and that's great, but I'm not following why the Cash-out box isn't checked as well when printing. When you view the Transmittal on Calyx it is checked, but when you print it the check in the Cash-out box is missing.

I have an auditor that's asking about this and he doesn't like my reply of "if Home Improvement is checked, that means cash-out for home improvement".

Ohio Forms

sp-lending — Tue, 27 Mar 2007 12:33:24 GMT

Anyone know where to get the ohio specific disclosure for calyx?

I am also looking for arm disclosures as well

First P&I not carrying to Transmittal Summary

todrescher — Mon, 02 Apr 2007 11:52:17 GMT

I'm on the IT department at our company, and therefore am not familiar with a lot of the financial side of things.
One of our users is having a problem on a "first" where the amount keyed in on page 2 of the loan app is not carrying through to the P&I section on the Transmittal Summary page.
There is a "second" for this borrower as well, and that one carries across correctly, just this "first" isn't working as she expects it to.
We've recently upgraded from 5.2a to 5.4a, so is it possible something changed in the versions with how this type of loan works in Point?

Sorry if I don't have enough information for this to present a more...thorough question.

Incorrect TIL APR calculation in 5.4

Point User — Mon, 12 Mar 2007 10:43:33 GMT

In version 5.4, the TIL APR calculation on an ARM loan is completely disregarding the "floor" cap. I have a 5 year 6 month LIbor ARM with a start rate of 9.25%, index of 5.40, margin of 2.25 and floor of 9.25. Point 5.4 is calculating the payment stream at 9.25% for 60 months and 7.625 for 299 and 1 months.

This really, really concerns me because most of my users have no idea how to calculate APR, let alone notice if one is incorrectly calculating. We also currently use Point as a back up to ensure that our closing system calculates TIL APR correctly. Makes me wonder what else might be incorrectly calculating that we haven't discovered! :sick:

Letter size gfe & til

frequentflier — Sat, 10 Mar 2007 22:16:06 GMT

Does anybody know if there is a letter sized gfe and/or til? I see some banks using them. These are the only forms left that are still on legal. It would be nice to print all on the same size.

Quality Control

westmor — Fri, 09 Mar 2007 15:05:12 GMT

Does anyone know of a good method to monitor the status of large numbers of point files? I need to review over 150 items in every file in our system each day to make sure we're in compliance and to help processing find possible problems. I tried using reports but that was really overwhelming. I just need something that the processor can run that will do a cross check of several items to make sure the file is consistent.

One more thing. Does anybody know where the field is for prepayment penalty expiration date? I can't find it.

Consolidating Disclosures into one Form.

ggarnes — Mon, 27 Mar 2006 07:35:25 GMT

Does anyone know if the disclosures that are required by state and federal law can be consolidated onto one form, or at least a more limited number of pages, instead of having a separate page for each disclosure? Are there any that are required to be printed on their own forms?

We would like to shorten out application form as much as possible and some of these disclosures have less than a full paragraph worth of text in some cases.

Glenn K. Garnes
(301) 776-1490
Z&S Financial Marketing, LLC

Phone Numbers on Custom Forms

Haws — Fri, 21 Jul 2006 10:34:08 GMT

I did a custom form and am using Point Field 382 and 387 for my Phone and Fax Numbers.

Sometimes when I run them, I get an old number from a long time ago and other times when I run them I get the correct numbers. It's the same borrower/file so it's not making sense to me. Anyone else have this problem?

I ran them at the same time on seperate computers and got 2 different sets of numbers.

Anyone experience this that knows a fix?

3 day alert

matador1872 — Mon, 06 Nov 2006 13:06:42 GMT

As with federal and state laws we are required to send out RESPA's or turndowns within 3 days of application. Is there any deafult setting that would remind you of this on the 3rd day after an application is started. WE do a good job of getting these out, but every once in a while one gets missed. Trying to make our job as "idiot proof" as possible.

Servicing Disclosure Info.

tylerstevens — Fri, 09 Mar 2007 10:46:15 GMT

I've changed the information in the SDS.INI file to reflect the years 04, 05, 06 however it's not being updated to our branches unless we switch the folder to conventional and then import their folder again. Then we have to re assign groups to the folder. we have over 250 branches and this will take a very long time. Is there an easier way to fix that data?

addresses for disclosures

johnnyhall — Tue, 23 Jan 2007 09:54:39 GMT

Could someone tell me what addresses I use or where I find the addresses for the following notices. The ECOA, the fair lending notice and the Statement of Credit Denial. Thanks

Fl mortgage broker business contract max ysp

leewal — Fri, 12 Jan 2007 14:26:02 GMT

The YSP is now hardcoded to show 0% - 3% YSP - Why? I can make up to 4 on a number of loan programs, there are time when all of my revenue will come from YSP.

The state law allows a lot higher than 3%

I can understand if that was done for the GA form or another state that has a 3% limit.

This is forcing us to make this custom document.