Mortgage Loan Management Made Easy

I am a user and administrator. I have integrated stand alone and hosted systems on many occasions. I love the completeness of this application. I have not seen any other that has so much in one place. As a team manager Calyx Point makes my job easier.

Pros

Calyx Point has every single aspect of the mortgage loan process integrated into one application. I have used others in the past but none compare. They offer stand alone and hosted applications. This software can support a 2 person organization to 100s of loan processors with ease. Single point management makes managing the application seamless.

Cons

This is a large application and you have a lot of users you will need in house IT to support all of the integration. Although Calyx has great support you need someone to be there for day to day computing issues.

I shopped for better value (price and feature) systems, and didn't find any.

Pros

Point has been a mainstay of Loan Origination Systems for years. I've used several of the biggest name products (Encompass, Genesis, LendingQB) and Point offers some of the best feature/price balance available. It does NOT try to be all things - it's an LOS. Other sytems attempt to include CRM, and advanced marketing, and rules and engines, but for a small mortgage brokerage, there are better 3rd party tools to do all of that, and Point does a good job at playing well with others. Combined with a hosted server, it's very secure, easy to navigate, and integrates with all the major players in the space. It does have all of the necessary loan origination tools, it updated regularly to keep pace with changes in the industry, and it FEELS like you're entering data directly onto a paper loan application, so there is very little learning curve.

Cons

The interface hasn't been updated since 2004 - maybe longer, so it looks like software from the Windows XP era. It also doesn't know how to handle custom forms other than Word, or custom views or custom much of anything else. It's an installed application, with a lot of function, but if you're looking for something cloud-based, or infinitely flexible, this isn't it.

Works great....until it doesn't

We've used Calyx Point as our loan origination software for eight years. I wish it were cloud-based. The customer service/tech support is horrible. Occasionally I'll luck-out and get someone on the phone who actually understands what it means to be in customer service. That's great, but then they usually don't know enough about the software to help. They absolutely do not EVER reach out to let you know when they are experiencing an issue that directly affects your daily functions in the app. You must call in, and if you're lucky, they'll tell you there is a "known issue" they are working on. Again, there is NO communication that the issue has been corrected. Almost every update they send out introduces a new problem that then requires another update. I really wish there was a forum somewhere for Point users and admin to share notes and help each other, or at the very least share the misery.

Pros

Relatively easy set-up, lots of customizable options and interfaces with other vendors

Cons

Calyx Point us still not cloud-based. Customer service is absolutely terrible. Weird glitchy issues at times.

I will never forget Calyx Point

My overall experience is Calyx will always be my favorite software for mortgages.

Pros

What I liked most about Calyx is the learning curve was super easy. this was the first software I used in mortgage field and I really thought the software was easy to use. A lot of mortgage industry people learned from this software and really enjoyed it. They have updated software now but Calyx will always be my favorite.

Cons

What I least liked about this software was two people could not be in the software at the same time and if someone changed something then it would update without indicating it was a new update.

Calyx Point is a great simple loan origination software.

Pros

I like the ease of use and the ability to customize fields to customize the loan origination system to your business.

Cons

I do not like the non-cloud based system. The system also does not have a good indexing system for file names.

WARNING: Potential for expensive software failure ... unresolved.

I use it in my daily business as a Mortgage Broker.

Pros

Old, ancient, familiar software. Interfaces well with Fannie Mae DO ... and credit reporting vendors. INKit e-signing is convenient yet potentially dangerous to Mortgage Broker's income.

Cons

Unstable ... data entered correctly does not always flow through to the critically important Loan Estimate (LE) ... yet their INKit system will then send out an incorrect Loan Estimate (LE) that could cost the Mortgage Broker $1,000's of dollars ... and worst of all ... they take zero responsibility for the accuracy of their software ... and choose to define the problem as "unkown" ... before telling the Mortgage Broker "too bad you lost money" using our product ... their corporate culture is as old & ancient as their software ... search for an alternative.

Terribel Customer support, Actually the worst I have ever been involved with

I have a current critical issue with the software and its been almost a week and no one has even bothered to call about the ticket that was created. I've contacted them several times and they just don't seem to care. not the first issue, with the roll out of the new 1003 required, they did a horrible job and didn't even have it ready days after the dead line. If you ever run into issues with Calyx (and you will) you better have a back up because they are not dependable and you will likely need to call 10+ times to get anyone to respond. Simply put they don't care.

Pros

At one point they were the bets but they have fallen so far

Cons

They don't care at all about there customers.

Calyx Point Review

Pros

It was easy to input information and run reports. The reports could be slow at times, but it depends on the data you are searching as well. All of the federal and state documents are included in Calyx and you can also custom make your own documents to print and have the specific file information you need automatically inserted.

Cons

I have not used Point Central, but feel that should be their basic platform used instead. It allows you to implement rules so things are not forgotten and missed. With Calyx Point base program you do not have these options.

Buyer Beware-Calyx IS NOT Worth Your Time & Money!!

When you call customer service, you can't get a human and in the chance that you sat on hold for the 45 min wait, you get someone that tells you they have to give you a ticket number and pass it onto someone who will call me back. When I do get a call back it's days later.

Pros

The only reason why I continued to stay is that Point is not 100% web based. Because of the rural area's that I tend to be on our island, I need to be able to work off line at times because of internet latency. But I'm no longer going to deal with that as I have pulled the trigger to move elsewhere after 19 yrs with Calyx.!!

Cons

Unreliable, unable to interface well with most all vendors, i.e. Freddie/Fannie, LoanSifter. Too time consuming to enter a loan. Won't auto populate from it's database/cardex as it did before the 1003 change, it wipes out asset info completely making you have to re-input over and over again when you run AUS or import a credit report. Hands down just not worth it anymore!

Junk Software

Horrible, this company should not be in business. I will be looking for new software.

Pros

I am comfortable with it since I have used it for 18 years.

Cons

There is no customer service, the software has multiple glitches and it takes days for their tech support to respond basically leaving your business non functional for days. You cant wait online for support at most times and they say they will call you back and hardly call back. So you have to take the time you are down and call repeatedly until you finally reach someone who may or may not be able to help you. The customer service is unbelievably bad. The software is less functional now then it was 18 years ago, there is numerous glitches, and the data does not carry over from one section to the other, so you have to reinput multiple line items when you switch pages.

Concerned

Product is typically adequate. Not sure that this is a good time to answer this question with the new URLA and all of the challenges that we are encountering and no ability to get it resolved due to poor service.

Pros

I have used Calyx software for 20+ years and find it easy to use

Cons

Customer Service is impossible to reach with the rollout of the New URLA. You wait on hold for extensive time and get put in a voice mailbox that it is full. You send an email and they direct you to call. Very frustrated with the service.

Calyx Point is a pioneer

Calyx Point is an outstanding program and I highly recommend it to the mortgage industry.

Pros

Calyx Point has been around forever and we've been using it for so many years. It has always been a flawless program to use. We couldn't imagine business without it. Calyx always keeps up with the changing times. A must have for the mortgage industry.

Cons

At first like with most software there is a learning curve. It's not super complicated but you will have to get used to it.

Calyx Point is great!

Calyx Point is a great software for mortgage brokers/bankers, originator & processors to use. Great for reports with tons of different customizable options. Very user friendly.

Pros

The software is pretty self explanatory and easy to use. Features "Read Only" mode if multiple users are in a file at the same time so you don't have to worry about multiple save versions.

Cons

They update the software too often. Sometimes there will be 2 mandatory updates within a 2 week period, instead of just lumping both updates into one.

ONE WEEK and NO solution. In the past CP helped now we are getting MAJOR runaround!!!

Up until this week it has been average, after this week abysmal!

Pros

I used to like that it worked, now we cannot get ANY assistance in solving the issues we are having GETTING the product after being loyal to Calyx Point for 17 YEARS!

Cons

When it doesn't work getting Customer Service is awful. "there's nothing we can do" "no" "I can't help with that" WELL THEN WHO CAN? ugh!

Calyx Point Software

I used this daily and loved the format and all the functions for mortgage origination.

Pros

I loved this software for originating mortgage loans! It's ease of use and step by step through the application process was the best for origination software in my opinion.

Cons

I liked everything about this software.