MINNEAPOLIS, Feb. 22 /PRNewswire/ -- Homecomings Financial, LLC and
Calyx Software(R), makers of Point(R) loan origination software, have
significantly enhanced the integration of Assetwise Direct(SM), Homecomings
Financial's(SM) automated loan evaluation system, with Point to make it
easier for brokers to do business with Homecomings Financial on an
automated basis. This enhanced integration will increase brokers' speed and
efficiency in obtaining automated decisions and pricing from Homecomings
Financial.
The enhanced integration of Calyx Point and Assetwise Direct systems
streamlines the loan origination process for Homecomings Financial's
brokers by enabling Point users to instantly upload loan files into
Assetwise Direct without having to save a file and then browse through
their hard drive to find the file before importing. This saves the broker
seven to eight separate "clicks" and the frustration of having to manage
files outside of Point. The enhanced integration also creates the
opportunity to import more data from Point, potentially reducing the need
for additional data entry by the broker.
"Homecomings Financial is excited to deliver this enhancement to our
broker partners," said Dan Bettenburg, executive vice president of
Homecomings Financial. "This enhanced integration will simplify access to
Assetwise Direct for our broker clients, making it faster than ever to get
automated decisions and pricing from Homecomings Financial. This is another
example of how Homecomings Financial works collaboratively with our brokers
to deliver technology solutions that help them streamline their origination
process.
"The enhanced integration of these two industry-leading systems is the
latest addition to Homecomings Financial's full suite of technology tools
designed to automate and simplify the broker's loan origination process,"
Bettenburg said. In addition to the Assetwise Direct automated loan
evaluation system, the suite of technology tools includes web-based
document imaging, Quickwise(SM) product and pricing tool, online pricing
and locks, and Assetwise(SM), which includes the utilization of AVMs
(automated valuation models) in lieu of property appraisals for certain
mortgage products and transactions.
About Calyx Software
Calyx Software(R) is dedicated to helping mortgage brokers and direct
lenders increase their profitability by providing reliable and affordable
software that streamlines and optimizes all phases of the loan process. The
Calyx Point Solution connects loan officers and processors to numerous
lenders and service providers, using technology that allows all parties to
exchange data easily. This seamless interaction, coupled with the robust
features in the Calyx Point Solution product line, increases efficiency and
maximizes profitability by enabling more loans to close more quickly.
According to a 2004 study conducted by Wholesale Access, 67.9% of mortgage
brokers and direct lenders use Point(R) -- a figure greater than all other
mortgage automation applications combined.
About Homecomings Financial
Homecomings Financial, LLC ( http://www.hfwholesale.com ) is dedicated
to building successful broker partnerships by delivering the best
combination of exceptional customer service, leading-edge technology and
comprehensive loan programs. The company serves more than 7,000 mortgage
brokers across the United States with wholesale funding solutions.
Homecomings Financial is a business unit within GMAC ResCap (Residential
Capital, LLC), a leading real estate finance company. GMAC ResCap (
http://www.gmacrescap.com ) is an indirect wholly owned subsidiary of GMAC
LLC ( http://www.gmacfs.com ), a global, financial services company that
operates in approximately 40 countries, in auto finance, residential
mortgage, insurance and commercial finance businesses. With more than $300
billion in assets, it generated $2.4 billion in net income in 2005, on
revenue of $19.2 billion.
Homecomings Financial and Assetwise Direct are service marks of
Residential Funding Company, LLC. GMAC is a registered service mark of
General Motors Acceptance Corporation. Information subject to change
without notice. Licensed Real Estate Broker: Arizona Mortgage Banker
License #BK 0904139; Licensed by the Department of Corporations under the
California Residential Mortgage Lending Act; Georgia Residential Mortgage
Licensee #11588, 1000 Abernathy Road NE, Suite 1025, Atlanta, GA 30328;
Illinois Residential Mortgage Licensee; Massachusetts Mortgage Lender
#ML1487; Licensed by the New Hampshire banking department; Licensed
Mortgage Banker - New Jersey Dept. of Banking, 9 Sylvan Way, Suite 100,
Parsippany, NJ 07054; Licensed Mortgage Banker, NYS Banking Dept.; Licensed
by the Pennsylvania Dept. of Banking as a First Mortgage Banker, also
licensed pursuant to the Secondary Mortgage Loan Act; Rhode Island Lender's
License. Not all programs available in all states - call your account
executive for more details. This is not an offer to enter into an interest
rate lock-in agreement under Minnesota law. The home office of Homecomings
Financial, LLC is located at 8400 Normandale Lake Blvd., Suite 250,
Minneapolis, MN 55437. The branch office of Homecomings Financial, LLC-
Wholesale Funding is located at 1650 Corporate Circle, Suite 100 Petaluma,
CA 94954. Equal Housing Lender. This information is intended solely for use
by real estate professionals and is not intended for distribution to the
general public.
SOURCE Homecomings Financial, LLC
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Related links:
http://www.gmacfs.com
http://www.gmacrescap.com http://www.hfwholesale.com
http://www.prnewswire.com/comp/138832.html/
CONTACT:
Jodi Ehlers Swanson, +1-952-857-7343,
jodi.ehlers@gmacrescap.com , or Stephen Dupont, +1-952-857-6643,
stephen.dupont@gmacrescap.com , both of Homecomings Financial
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