DENVER—LenderLive Holdings, Inc., a mortgage-services providers, has announced the seamless integration between its GuardianDocs document preparation service and Point, the flagship loan origination software (LOS) from CalyxSoftware.
Both companies said the integration will mean significantly improving the productivity of the two companies’ joint clients.
GuardianDocs’ interface with Calyx Point, launched last year, streamlines the ordering process and supports the generation and fulfillment of application disclosures and the closing package, the companies said, adding that when using the interface all data is transferred from Point to GuardianDocs, so there is no need for the user to log out of Point or go to a production website to re-key critical information to complete the document order.
Cory Swain, managing partner of Premier Mortgage Resources, Portland, Ore., said his company switched to both Point and GuardianDocs last year in anticipation of the coming TILA-RESPA Integrated Disclosure (TRID) rule. Prior to that, Premier was working with another document provider that had only a partial interface with its LOS, and the workaround “wasn’t very functional.”
After switching to Point, Swain said, “There was an immediate pick up of probably 25% in productivity, and now that we’re used to the system we’re probably twice as fast as we were (in generating closing documents). Last month, our two closers did 150 units by themselves. With our old system, I doubt that they’d have gotten through 80.”
Dennis Boggs, executive vice president of business development at CalyxSoftware, said, “GuardianDocs has proven the business case for a full integration with Point. As our joint clients can attest, this integration with our LOS drives significant productivity gains in the post-TRID environment.”
For info: www.calyxsoftware.com.