LoanSifter Integrates With Calyx Point

LITTLE CHUTE, Wis., Aug. 7 /PRNewswire/ -- LoanSifter, the industry'smost accurate comparison search for Prime, Alt-A and Subprime pricing andpre- approvals, and Calyx(R) Software, makers of the award-winning CalyxPoint loan origination and processing system, released an interfaceallowing the integration of LoanSifter's Subprime search to Calyx Point. LoanSifter uses the Calyx WebConnect technology, ensuring completecompatibility with Point and Point Data Server. WebConnect allows Loanoriginators to launch LoanSifter directly from inside Point, enabling Pointusers to send loan data without leaving the Point application. "Using WebConnect, you are now able to transfer borrower loan scenariosfrom Point directly into LoanSifter's Subprime search engine," explainsCraig Doriot, LoanSifter's Chief Technology Officer. "LoanSifter thoroughlyanalyzes all of the subprime and ALT-A programs from the top subprimewholesalers and matches it against the borrower's scenario. We provideside-by-side comparisons of different types of products laid out in apowerful and simple manner, with easy sorting between product types,pricing, and YSP, along with many additional filtering options for thepower user." LoanSifter offers accuracy, flexibility, and an impressive set offeatures. Each search provides accurate, fully-adjusted rates, lender fees,and product stipulations from the top lenders. Loan originators can re-runscenarios with borrower adjustments to understand the effect paying off acertain debt or clearing up credit will have on the loan. A simple e-mailfunction makes it easy to pass the results on to selected AEs. LoanSifter properly evaluates how to handle credit scores for eachindividual lender. LoanSifter looks at the documents made available andmatches them up with each lender's requirements, properly determining whichproducts are allowed. LoanSifter's interface and required fields have beencarefully thought out to obtain maximum accuracy while simplifying thesearch process. According to Dennis Boggs, Senior Vice President of BusinessDevelopment at Calyx Software, "Calyx is committed to providing ourcustomers with reliable, cost-effective mortgage solutions. This recentintegration between LoanSifter and Point will provide our customers with aneasy and effective way to match loan applications with underwriting detailsfor the major lending sources, and help them to close loans faster." Calyx' latest I-Update automatically adds LoanSifter to the new productand pricing category, found within the Interfaces drop-down menu. CalyxPoint is currently used by more than 300,000 Point and Point Data Serverusers. Calyx market share is 68% according to the Wholesale Access 2004Broker Study which was released July 2005. Pricing & Availability Integrated with Calyx - $60/month for the first user, $10/month foreach additional user. Standalone (not using Calyx integration) - $50/monthfor the first user, $10/month for each additional user. More informationand online registration can be found at http://www.loansifter.com. About LoanSifter As a Web-based solution for the mortgage industry, LoanSifteraccurately pre-qualifies and prices loan scenarios against all lender ratesand guidelines. LoanSifter developed two search engines. The Prime/Alt-Aengine is a faster, more customizable engine, focusing heavily on thepricing needs present in the prime world. The Subprime engine efficientlyhandles the heavy underwriting guidelines required in the subprime market.Loan originators save time and maximize their return through LoanSifter'saccurate analysis, detailed presentation, and customized filtering. Formore information about LoanSifter, call 920.687.1222 or visithttp://www.loansifter.com.