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PCV Murcor, a California-based real estate valuations provider for lenders, servicers, brokers, and insurers, is now offering its compliant appraisal delivery through Calyx Software's Point loan origination system (LOS), the company announced.
As a result of PCV Murcor's and Calyx's successful system integration, Point users can now quickly and securely order and track PCV Murcor appraisals through Calyx's interface, streamlining the order/delivery process to increase speed while maintaining valuation compliance.
In addition, lenders will no longer need to re-enter appraisal request information and can review order status at any time, day or night, according to a release from PCV Murcor.
"With the MBA's loan origination volume projections lowered again and the operational challenges lenders face in quickly originating quality loans, every process that can be simplified is valuable," said Tim Scherf, COO of PCV Murcor. "This integration will further enable PCV Murcor to assist lenders by streamlining the ordering process and helping assure that the loans being originated have compliant value-certainty and defensibility."
Scherf also voiced his excitement to be working with Calyx, whose Point LOS is used by more than 70 percent of mortgage brokers and an estimated 36 percent of community banks, credit unions, and mortgage bankers.
"Calyx is a recognized and respected leader in loan origination software. Their commitment to maintaining a regulatory-compliant system makes this integration an ideal fit for us both, given PCV Murcor's commitment to providing compliant, high-quality appraisals," he said.
