Calyx Software offers Point for mortgage officers, software supporting the loan lifecycle from prequalification to processing.
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Finastra Total Lending
Score 10.0 out of 10
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Total Lending, with LaserPro loan document compliance , represents what is meant by the vendor to be a total end-to-end loan servicing and management solution for financial institutions offering business or consumer loans. Total Lending is offered and supported by Finastra, the company created by the merger of D+H and Misys.
It gets the job done for initiating loans. I can't say anything about the marketing tools as I haven't used them but as a de facto technical support person in the company, I have helped many of the loan officers resolve issues (or inform them they are not resolvable yet). One limitation I ran into was property and loan matching. The system allows one property to be matched with multiple liabilities but not the converse. For an investor with a portfolio loan, it was not possible to show one liability relating to multiple properties. This required workarounds. The field for entering properties is very small in list form making review difficult when there are more than a few properties. The interface could be more adjustable. Overall, the program is not well-liked by the loan officers who would prefer a more modern platform, though all surely have some drawbacks. The program appears to have many functions we do not use and it would be preferred if the ones we use worked better.
It is an almost perfect software that should use by banks in this very digital era of modern banking. It can change a traditional banking system to a modernized banking industry by its user-friendly software and by proper researching of what customers priority. In the case of retail banking, transactional banking is a huge milestone for us. It increases our new customers daily by its improvising financial solutions by engaging and educating through account holders
There is lots of room for improvement as there have been many bugs in the implementation of the new format. Responsiveness to customer needs was inexcusably slow for a change that was years in the planning.
Many of the calculations seem inconsistent on Fees Worksheet and other pages, including differences in how the information appears when printed vs onscreen.
The menus are not intuitive and could be much better.
The user interface is archaic.
Field links do not work correctly and take a long time to be corrected.
Well, We observed several software for our need. And Finastra Total Lending met up our criteria will everything we needed. Especially our budget meets up with Finastra Total Lending along with our estimated goals with this project.
