Monthly Disbursements Not more frequently than once per calendar month, Tenant may deliver to Landlord: (i) a request for payment of Tenant’s contractor, approved by Tenant, in AIA G-702/G-703 format or another format reasonably requested by Landlord, showing the schedule of values, by trade, of percentage of completion of the Tenant Improvement Work, detailing the portion of the work completed and the portion not completed (which approved request shall be deemed Tenant’s approval and acceptance of the work and materials described therein) (ii) invoices from all parties providing labor or materials to the Premises (iii) executed conditional mechanic’s lien releases from all parties providing labor or materials to the Premises (along with unconditional mechanic’s lien releases for any prior payments made pursuant to this paragraph) satisfying California Civil Code § 3262(d) and (iv) all other information reasonably requested by Landlord. Related to THE PROJECT DISBURSEMENT ACCOUNTĭisbursement Account A trust account for the benefit of Owner, opened by Manager with an FDIC insured bank to pay for “Operating Expenses” as defined in Section 4.01(b). Disbursements from Replacement Reserve Account.“Offering our customers a broader mortgage solution that fulfills all of their needs allows them greater flexibility with room to grow.”įor more information, visit Certificate Account and Special Payments Account “We do everything we can to make sure our customers remain in compliance while responding to their requests for enhancements,” said Doug Chang, president of Calyx Software.
The Audit Trail feature, which allows the tracking of all field level and document management changes on a per loan basis, is only available in the PointCentral upgrade. Customers will see remarkable improvements in the screens for Fees & Impounds, Warehouse/Funding, Shipping, Trailing Documents and Product & Pricing Interfaces.
Version 7.2 also offers enhanced banking screens to provide greater functionality and effectiveness. With improved document storage, automatic co-borrower synchronization, and closing document interface enhancements, mortgage loan processing is even faster and more efficient. 1, 2010 and the new Application Form 1003 that is required for all loans taken on or after July 1, 2010. Additionally, in order to comply with the latest Fannie Mae mandate, Point 7.2 includes the new Transmittal Summary Form 1008 that is required for all loans taken on or after Jan. Point 7.2 complies with Real Estate Settlement Procedures Act (RESPA) regulations that require loan originators to include a provider list with the new standardized Good Faith Estimate (GFE) statement effective Jan. Version 7.2 offers compliance updates and increased functionality and flexibility for traditional originating and loan processing, as well as mortgage banking processes. PointCentral unites Point with business rules, remote access, and consolidated data storage. Point, combining the latest technology with the functionality that mortgage professionals require for loan marketing, prequalification, origination, and processing.
#Calex impounds on the loan estimate software
Calyx Software has announced the release of Point and PointCentral 7.2.
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