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» VISIT US ONLINE @ DSNEWS.COM 133 NEBRASKA Mortech Mortgage Pricing Technologies Now Integrated with Calyx Point Mortech, a Zillow Group business that offers technology solutions for mortgage bankers and secondary market teams, an- nounced Tuesday that its product and pricing engine (PPE) and secondary marketing solu- tions are now integrated into Calyx's Point and PointCentral (Point) loan origination software (LOS). e integration allows Point users to access Mortech's mortgage product and eligi- bility information and compare loan pricing scenarios from more than 400 investor sheets all within the Calyx interface. "In today's competitive market place, clos- ing loan transactions quickly and efficiently is critical and lenders are increasingly looking for technology solutions to help streamline the loan process," said Doug Foral, Gen- eral Manager at Mortech. "By aligning the Mortech and CalyxSoftware offerings, we are providing our customers with the mortgage automation solutions they seek to optimize their day-to-day workflow, bringing simplic- ity to the complex mortgage environment and ultimately, delivering a technological solution to allow our customers to close more loans more quickly." Mortech also noted that the integration will give consumers instant access to its pric- ing, including loan specific rate, profit and adjustment information, along with automat- ing the lock request process by seamlessly transferring borrower scenario data between its Marksman PPE and Point. In addition, the integration is expected to reduce the chance of error by removing data re-entry, and improve loan-processing automation through multi-system interoperability. "At Calyx, we're continually enhancing our software and adding quality technology partners to our network to offer a competitive edge to our mortgage banking and broker clients," said Dennis Boggs, executive vice president of business development at Calyx- Software. "Integrating Mortech's product and pricing engine into our platform will simplify the searching process for our users and pro- vide them access to pricing from Mortech's extensive portfolio of supported wholesale and correspondent programs." OHIO Senator Sherrod Brown Presses Regulators to Protect Taxpayers from Banks' Risk-Taking U.S. Senator Sherrod Brown (D-Ohio) re- cently exhorted the heads of three government regulatory agencies (the Federal Reserve, OCC, and FDIC) to protect the rules that require the largest financial institutions to hold more capi- tal, thus limiting the same risk-taking the led to the financial crisis of seven years ago, according to an announcement on Brown's website. Brown wrote a letter urging Fed Chair- man Janet Yellen, FDIC Chairman Martin Gruenberg, and Comptroller of the Currency omas Curry to resist the clamoring of Wall Street banks to weaken those minimum capital requirement rules, which Brown believes would expose taxpayers to more bailouts simi- lar to those that occurred in 2008. In the letter, Brown stressed the impor- tance of the rules required by the Wall Street Reform Act including the enhanced supple- mentary leverage ratio (SLR) for the largest financial institutions and the margin rules for derivatives transactions. "I write out of concern with the argu- ments made by large Wall Street banks and their allies that these rules—particularly the treatment of margin for cleared derivatives and rules governing trades among affiliates— should be watered down," Brown wrote in his letter. "I urge you to reject these calls and maintain adequate taxpayer protections." e margin rules for derivatives transactions were finalized by regulators in October in order to prevent risky trading by financial institutions that precipitated the financial crisis in 2008. e Fed, OCC, and FDIC approved a final SLR of 6 percent for the largest federally insured deposi- tory institutions in April 2014. e 6 percent SLR requires large banks to increase the amount of capital they use to fund all of the assets on their books instead of just the risky assets. "Enhancing capital and limiting lever- age at the largest financial firms will help ensure that risky, complex, opaque financial transactions never again threaten the entire U.S. financial system and broader economy," Brown wrote. "As we have seen repeatedly, better capitalized firms are in a stronger—not weaker—position to continue lending and take on risk throughout the credit cycle, including stepping in to assume others' positions." THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com.

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