Qvault has announced nationwide support of the Status Sweep collaboration tool for Calyx Point loan origination software that lets Calyx Point users enable their existing Point software for the Web without hardware or software changes.Status Sweep includes online pipeline management, automatic e-mail notifications of loan activity to borrowers and partners, and customized interfaces for staff and borrowers to view loan information and collaborate online from any Web browser. Operating on an application service provider basis, Status Sweep "sweeps" active borrower files on an hourly basis and then securely posts the information on customized websites for management, loan officers, and processors to view critical information. Borrowers also can log into the system and view detailed loan status information.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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