Likelihood to Recommend 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.
Read full review For any company that has lots of loans to manage on a monthly basis. Especially if you want to calculate monthly interest accrual ahead of time, it takes few mins to set up a company and generate an amortization schedule. And you can copy and update for other companies. Easy to make changes to the schedule too
Read full review Pros I can’t say I don’t have any examples The suite is a constant thorn in my side Read full review Calculate large payment schedules Synchronize with Excel Re-calculate payment schedules whenever there is an adjustment Read full review Cons 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. Read full review The layout is really outdated compared to other accounting software. Read full review Usability Pretty easy to use, easy to find options. The only complaint is the layout is too outdated.
Read full review Alternatives Considered There are several other products available that we will consider when we are able to upgrade from Calyx.
Read full review We have not tried any other interest calculation software since we started using TValue. There just doesn't seem to be the need to switch and there aren't many options out there
Read full review Return on Investment The learning curve to proficiency is steep My goals of developing a smooth workflow [are] hindered by the lack of Point’s intuitiveness Read full review It has saved us time in the long run It has given us confidence in our schedules as it is automated; reduced human error Read full review ScreenShots