1. Calyx Verifyde NMLS MCR Webinar
1/23/2015
NMLS Mortgage Call Report
Training and Regulatory Updates for
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Scheduled Webinar Start Time
11 AM Pacific, 12 PM Mountain, 1 PM Central, 2 PM Eastern

2. Calyx Verifyde NMLS MCR Webinar
1/23/2015
NMLS Mortgage Call Report (NMLS MCR) Training and Regulatory Updates for
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3. Calyx Verifyde NMLS MCR Webinar
1/23/2015
Webinar Housekeeping
Asking Questions
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Downloading Materials
Available after the webinar at CalyxSoftware.com
Technical Difficulties
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Disclaimer

4. Calyx Verifyde NMLS MCR Webinar
1/23/2015
Agenda
Introductions
NMLS MCR Changes for 2015/2016
What is VERIFYDE?
Calyx VERIFYDE NMLS MCR Live Training
Standard Broker/Banker Versions
Comparison to Single State Basic Broker Version
Available Versions and Pricing Matrix
Regulatory Key Word = Data Integrity
Q&A

5. Calyx Verifyde NMLS MCR Webinar
1/23/2015
Today’s Presenters
Leonard Ryan
President, QuestSoft Corporation
Member & Lending Industry Technical Expert, NMLS Mortgage Call Report Working Group
Carey Aimone
Vice President, Training and Customer Support
QuestSoft Corporation
Emily Martinez
Training Specialist & Moderator of today’s webinar

6. Calyx Verifyde NMLS MCR Webinar
1/23/2015
NMLS Mortgage Call Report Specification Changes
Effective January 1, 2015 (reporting Deadline May 15, 2015)
Creation of a new definition of “application”
Recommended immediate use but required to use in 2016
Reporting on the amount and count of closed and funded loans that qualify as Qualified Mortgages (QM) and non-QMs
Adding of fields to capture nationwide and state-specific servicing data
Adding of fields to capture changes in loan application amount. (optional reporting)
Effective January 1, 2016 (reporting Deadline May 15, 2016)
New definition of “application;“ - REQUIRED USE - See Next slide
Adding of fields to capture changes in loan application amount. (REQUIRED reporting)

7. Calyx Verifyde NMLS MCR Webinar
1/23/2015
NMLS Mortgage Call Report Specification Changes
Fields Added to Year 2015 reporting for Origination (implemented immediately)

8. Calyx Verifyde NMLS MCR Webinar
1/23/2015
NMLS Mortgage Call Report Specification Changes
Fields Added to Year 2015 reporting for Servicing (implemented immediately)

9. Calyx Verifyde NMLS MCR Webinar
1/23/2015
NMLS Mortgage Call Report Specification Changes
Fields Added to Year 2015 reporting for Section III Financial Reporting (Not supported by VERIFYDE but by financial software)

10. Calyx Verifyde NMLS MCR Webinar
1/23/2015
NMLS MCR Year 2016 Definition of Application
Effective January 1, 2016 (reporting Deadline May 15, 2016)
An application is an oral or written request for an extension of credit encumbering a 1-4 family residential property. Exclude any commercial/business/investment purpose encumbrances from reporting. Include inquiries or Pre-Qualification requests that result in
denial of credit.
The application date used is either (1.)The date on the initial 1003 with the borrower’s signature; (2) The date of an oral request for extension of credit, with deference to the initial1003; (3) Inquiries and Pre-Qualification requests, if declined, should use the denial date.
Examples of requests that are considered an application for the NMLS MCR include, but are not limited to, purchase of owner occupied 1-4 family residential properties including 2nd homes and vacation homes; construction of 1-4 family residential properties (as described above) made directly to the consumer; non-commercial liens on residential properties (Lines of Credit should be reported at maximum approved credit line); pre-approvals on item #1 even if a residential property has not been identified; reverse mortgages – regardless of purpose; refinance loans on all of the above; all requests for extensions of credit to purchase residential property that result in the issuance of an ECOA notice.

11. Calyx Verifyde NMLS MCR Webinar
1/23/2015
NMLS MCR Year 2016 Definition of Application
Effective January 1, 2016 (reporting Deadline May 15, 2016)
An application is an oral or written request for an extension of credit encumbering a 1-4 family residential property. Exclude any commercial/business/investment purpose encumbrances from reporting. Include inquiries or Pre-Qualification requests that result in
denial of credit.
The application date used is either (1.)The date on the initial 1003 with the borrower’s signature; (2) The date of an oral request for extension of credit, with deference to the initial1003; (3) Inquiries and Pre-Qualification requests, if declined, should use the denial date.
Examples of requests that are considered an application for the NMLS MCR include, but are not limited to, purchase of owner occupied 1-4 family residential properties including 2nd homes and vacation homes; construction of 1-4 family residential properties (as described above) made directly to the consumer; non-commercial liens on residential properties (Lines of Credit should be reported at maximum approved credit line); pre-approvals on item #1 even if a residential property has not been identified; reverse mortgages – regardless of purpose; refinance loans on all of the above; all requests for extensions of credit to purchase residential property that result in the issuance of an ECOA notice.
Current HMDA
Not part of HMDA
New CFPB HMDA

12. Calyx Verifyde NMLS MCR Webinar
1/23/2015
What is VERIFYDE?
Reason for Changes in Calyx Products Regarding Compliance Submissions
Compliance Submissions becoming increasingly complicated
NMLS and other state compliance not allowing adequate implementation times
Many times they are late to finalize regs yet keep the same launch dates
Many Regulations Start with Some Form of HMDA Data
Alliance with QuestSoft
263 Lenders have multi-year experience with Point and QuestSoft
QuestSoft is recognized as the industry leader in HMDA and the only company with simultaneous processing of the NMLS MCR
QuestSoft received the 2014 Mortgage Technology Lender’s Choice Award and over awards over the past two years.
VERIFYDE
Exclusive for Calyx Customers
Supported by Calyx with QuestSoft available for any questions as needed.

13. Calyx Verifyde NMLS MCR Webinar
1/23/2015
LIVE TRAINING

14. Calyx Verifyde NMLS MCR Webinar
1/23/2015
Available Versions and Pricing Matrix

15. Calyx Verifyde NMLS MCR Webinar
1/23/2015
REGULATORY KEY WORD = DATA INTEGRITY
Behind New CFPB TILA/RESPA Changes
Motivation in New Proposed HMDA
Instant Fair Lending in Future
NMLS MCR Started as Tool –
Today is Like a Bank Reconciliation

16. Calyx Verifyde NMLS MCR Webinar
1/23/2015
COMPLIMENTARY PRODUCTS TO KEEP YOUR DATA ACCURATE in POINT

17. Calyx Verifyde NMLS MCR Webinar
1/23/2015
QUESTIONS & ANSWERS
If you have a question, please submit it using the questions tab on the GoToWebinar tool bar.
FOR MORE INFORMATION
Calyx Sales Department
Calyx Technical Support
Calyx Software 3500 Maple Avenue -- Suite 500 Dallas, TX

18. Calyx Verifyde NMLS MCR Webinar
1/23/2015
Calyx will be reviewing the questions received during this webinar and working with our presenters to create a Q&A document for all attendees. We expect to be able to deliver that to you within the next 10 business days.
This concludes the webinar presentation. Thank you for attending!