New Version of Point Add-on Offered

Qvault, Essex Junction, Vt., has released version 2.5 of its Status Sweep software, a tool that works in conjunction with Calyx Point to provide pipeline management and other tools for originators.Features in the new version include enhanced support for mortgage teams. "Originators are realigning their organizations around a team concept," said managing partner Rob Cecil. "We have had clients and prospects alike tell us they are planning to move away from the traditional 'loan officer-processor' model to more of a team environment." Version 2.5 also provides a significant increase in vendor or supply chain communication. Status Sweep was designed especially for a mortgage lending customer who needed to track and then provide access to the status of events using the Point database. Today, Qvault markets the software nationwide. Qvault can be found on the Internet at http://www.qvault.com.