*LOS Takes On Government Reporting*
**By Tony Garritano**
***Lenders have enough to deal with so good technology vendors are stepping up to help out. For example, Calyx Software, a provider of loan origination software, now offers government-required regulatory mortgage compliance reports through — Calyx Verifyde. Here’s what you need to know about this new approach:
****Calyx Verifyde reports will help aid banks, credit unions, mortgage bankers and mortgage brokers with a one-stop solution to adhere to reporting regulations at both the state and federal levels.
****“Calyx Software has always provided high product value at an affordable cost and Verifyde continues that tradition,” Dennis Boggs, executive vice president of business development at Calyx Software, explained. “We wanted to keep Verifyde simple, so we created bundles to match each business type, with the specific state and federal reporting needs to match. No need to shop a-la-carte.”
****Initial regulations supported include the Home Mortgage Disclosure Act (HMDA), HMDA Plus requirements of the Office of the Comptroller of the Currency, NMLS Mortgage Call Report, North Carolina Mortgage Lending Act data uploads, South Carolina Mortgage Log System, RegulatorConnect Licensee Examination File, California Form RE 881 for brokers, Nevada Monthly Activity Report and New Hampshire Form 397-A-AR.
****“We will continue to develop new reports as compliance circumstances dictate,” Boggs continued. “Our initial offerings will provide customers a complete compliance reporting solution.”
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at email@example.com.