Calyx Dominates Broker LOS Market

Calyx Software, San Jose, Calif., is touting a recent study indicating that Calyx dominates the broker-serving loan origination system market. Speaking at the National Association of Mortgage Brokers conference in Honolulu, Calyx marketing director Jack Trageser said figures from a study by mortgage industry research firm Wholesale Access show that over 55% of U.S. mortgage brokers use Calyx Point. The study showed that 6% of responding brokers use no LOS at all, leaving a combined market share well below 40% for all other loan origination systems. David Olson, managing director of Wholesale Access, Columbia, Md., said the study indicates that Calyx is "the nation's number one loan origination software. The survey revealed that 94% of the 30,000 independent mortgage brokers identified in 2000 are using front-end software, and Calyx Software's Point holds 55%, up from 40.7% of the market in 1998." Calyx's website address is http://www.calyxsoftware.com.