Town Square Financial Leverages Mortgage Pricing Systems Integration with Calyx Software

MONTVILLE, N.J., Aug. 4 /PRNewswire/ -- Mortgage Pricing Systems (MPS), a leader in mortgage eligibility and pricing services, announces dramatic efficiencies experienced by a new client, Town Square Financial, a mortgage banker in Frisco, Texas. Using the bidirectional integration of Mortgage Pricing System's flagship product, LEAP!, with Calyx® Software's Point® loan origination system, Town Square Financial improved loan processing speed and decreased loan fallout significantly.

"Our old solution just did not integrate well with Calyx," says Sylvia Yanes, secondary manager for Town Square Financial. "LEAP! does a great job working seamlessly with Calyx Point. While I'm pricing in LEAP!, I can change things like property type, credit score, even the loan amount, and the changes are automatically returned to Point. When we needed special guideline overlays – like a minimum FICO on certain products –  MPS got it done while I was on the phone!  Now our LO's will be protected from bringing in a loan we won't do."

Tom Lyons, managing partner and head of account management for Mortgage Pricing Systems describes, "the critical difference between our integration with Calyx Point and other vendors, is that information is shared between the two systems. Users have complete control over which data items are passed back to change the Calyx loan file. This was especially important to Town Square. When we got into customizing qualifications and pricing we worked closely with Town Square to be sure they got more than they expected."

About Mortgage Pricing Systems

Mortgage Pricing Systems develops and maintains mortgage loan pricing and product eligibility solutions for mortgage banks.  Their flagship product, LEAP! Interactive, is a point-of-sale, online technology that fully integrates into existing client platforms. Other services include pricing batch files, rate sheets, price alerts, and API solutions. All MPS offerings feature a robust, rules engine incorporating up-to-the-minute pricing, guideline, and adjustment changes. MPS services provide accurate, actionable results upon which mortgage bankers and investors can rely. For more information about Mortgage Pricing Systems, visit http://www.mtgpricing.com.

SOURCE Mortgage Pricing Systems