Press Release

SimpleCECL Now Available in Calyx Path

Seamless Integration Allows Financial Institutions to Easily Calculate Loan-Loss Reserves and Comply with CECL

DALLAS, May 07, 2019 (GLOBE NEWSWIRE) -- Calyx Software®, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced today that its Path® loan origination software (LOS) is now integrated with SimpleCECL™ from LoanScorecard®, the leading provider of non-agency automated underwriting systems. SimpleCECL combines the proprietary credit and prepayment forecasting model and related analytics from Andrew Davidson & Co., Inc. (AD&Co) with LoanScorecard technology to provide loan-level analyses for Current Expected Credit Loss (CECL) and a calculation of the appropriate loan loss reserves to hold, based on the model’s projected lifetime losses for that loan.

Issued by the Financial Accounting Standards Board, CECL is the new “expected loss” accounting model for estimating the Allowance for Loan and Lease Losses. It replaces the current “incurred loss” model and goes into effect in 2020 for SEC-filing institutions and 2022 for all other financial institutions.

With this integration, financial institutions can seamlessly generate loan-level CECL analysis to ensure accuracy and compliance for all loans originated, including those with a policy exception, as well as an exact calculation for loan loss reserves under the new regulation—all without ever leaving the LOS.

“For many financial institutions, CECL’s upcoming effective dates may seem like plenty of time to develop and implement a strategy for calculating loan-loss reserves,” said Bob Dougherty, Executive Vice President of Business Development at Calyx Software. “However, if they want to run parallel analyses and calculations at least two quarters before the effective date to ensure accuracy, time is running out. Our integration with SimpleCECL will provide financial institutions with an easy-to-use solution that allows them to calculate loan loss reserves and comply with CECL.”

About Calyx Software
Calyx Software® is an established provider of compliant mortgage software solutions used by banks, credit unions, mortgage lenders, and brokerages nationwide. The company’s easy-to-use technology, including its borrower interview platform, loan origination systems, and secure electronic signature software, is designed to streamline, integrate and optimize all phases of the loan process for customers of various sizes, workflows, channels and complexities. Combined with its extensive network of vendor partners, Calyx products deliver a true digital mortgage solution that maximizes profitability and enhances the customer experience. For more information, call (800) 362-2599 or visit

Campbell Lewis Communications
Jessica Ruiz-Krout