""Mortgage Pricing Systems"":http://www.mtgpricing.com/ (MPS), a Montville, New Jersey-based developer of sophisticated pricing solutions[IMAGE]
for mortgage lenders, recently announced that it has integrated its flagship mortgage product and pricing system Ã¢â‚¬" LEAP! Ã¢â‚¬" into Calyx Point, a loan origination application for mortgage brokers and bankers offered by ""Calyx Software"":http://www.calyxsoftware.com/, a San Jose, California-based provider of loan marketing, originating, and processing software.[COLUMN_BREAK]
With this integration, MPS can now provide instantaneous loan pricing to Point users. By clicking a button within Calyx Point, the user is transported directly to the LEAP! Interface and is provided with qualified loan products, rates, and prices as well as on-demand sorting and filtering. The rate and pricing information is then automatically updated in Calyx Point.
According to John Coppa, managing partner at MPS, the integration between Calyx Point and LEAP! is bidirectional, which means that information is shared between the two systems. Changes in Point affect the calculations in LEAP!, and adjustments to qualifications in LEAP! modify the loan in Calyx, he explained. Coppa said the LEAP! administrator has complete control over what data is returned to Point, making it the only system on the market that provides that level of configuration.
""Calyx is excited about the integration of MPS into the Calyx network,"" said Dennis Boggs, SVP of business development at Calyx. ""MPS's technology multiplies our capabilities to provide Point users with more options.""