SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced a strategic integration with San Jose, Calif.-based Calyx Software's Point software.
Through this seamless integration, SearchMyLoan.com provides access to more than 13,000 lender products and programs to Point users. Subscribers can get immediate answers to loan scenarios from their preferred lenders and investors without leaving the loan file in Point.
By directly accessing borrower credit information and utilizing the credit analysis tools provided by SearchMyLoan.com within the Calyx Network, loan originators can review multiple loan scenarios to accurately determine a borrower's eligibility. The pricing information enables originators to decide the most appropriate product to offer a borrower.
"The integration with SearchMyLoan.com simplifies and dramatically speeds up the origination process, allowing loan officers to save time and focus their efforts on serving borrowers and generating more loans," said Keith Kemph, interface national sales manager of Calyx.
"Loan officers spend too much time searching for loan products manually; with an automated search system the originator can increase his or her efficiencies and deliver quality loan solutions to borrowers," said Salvatore Tomaselli, CEO of SearchMyLoan. "Our loan search engine cuts the time it takes to find a viable loan product from hours to minutes and offers a practical tool that helps educate loan officers on new, profitable loan products."