Calyx Software has released a third loan origination software offering, this one — like the product the company is most well-known for — is aimed at the mortgage broker community.
The new program, Zenly, is a cloud-based offering that the company claims can be operational in 15 minutes.
In a sense, Calyx might be competing against itself, as the company will still offer Zip, a point of sale system, and the Point LOS, which in the past
Calyx also has Path, an LOS aimed at larger institutions. In that market, its competitors are
Zenly is enabled for submitting loans to Fannie Mae's Desktop Originator product. Through DO, mortgage brokers that are sponsored by a wholesaler have access to the Desktop Underwriter automated underwriting system.
A mobile-friendly POS module in Zenly allows originators to import loan application data, pull credit and collect and verify assets. The borrower can upload documents through a camera capture function.
For lenders, the administrator function provides real-time visibility to manage multiple users.
"Zenly is designed for brokers who want simplicity, convenience and speed for their borrowers, themselves and their lender partners," Patrice Power, marketing director at Calyx, said in a press release. "Zenly cuts through the clutter to give originators the tools they need to originate and sell more loans faster, and at the end of the day, that's the goal for everyone involved in the loan process."
