Why one broker thinks LOS data transfer issue could be a 'shock to the system'
Until recently, Kirk Tatom (pictured) has been extremely happy with his loan origination software (LOS). A subscriber to Point, a product from Calyx, the president of Tatom Lending in Dallas Texas has described the system as 'awesome,' noting its mixture of functionality and price as the best in the business. Now, though, he's become frustrated with Calyx as an LOS provider, as they've introduced a new product into the market that, in his view, leaves himself and other independent brokers like him in a sort of limbo.
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