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.
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. Overall: 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: 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.
Download Calyx Point Software. PDF Filer for Point v.2.0 An easy to use program that relates Scanned Files and PDFs to Calyx Point Loan. Calyx Point/PoinCentral - the leading mortgage origination, automation. To learn more about Point and PointCentral simply download the literature from the list.
Sometimes there will be 2 mandatory updates within a 2 week period, instead of just lumping both updates into one. Overall: 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: what I like the most with this software is that it keeps records from my clients and help me organize my files. It is awesome that i can separate their profile to different folders i wish to have as long as it is connected with my computer's jungle disc. Cons: what I like the least with this software is that it cannot filter if the clients name is already there by just saving it. I have to go to advance search tab and type the client's name in order to know if they are already there. Overall: some of the benefits I get from this software are having my file organized and being able to have one file organizer and share it with the team. Pros: Since we are in a real estate business, getting the ratio of a client based on their income which are automatically computed in this program makes it easier for us to know how much will their closing cost be and so help the client prepare ahead of time.
Cons: It is a bit difficult to navigate on this software if you are not very much familiar. It took me weeks to familiarize myself.
Overall: The best thing that we get here is the ratio of the client whether they are qualified for a mortgage loan and how much they can be qualified for. It is automatic once you enter all the details given by the buyer.
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. Overall: I use it in my daily business as a Mortgage Broker. Pros: NONE Cons: Tech support used to be great.
I've waited two-weeks to get a reply from tech support. When they do respond, it is often nonsensical, or they outright lie about the issue at hand. The program itself is full pf problems: printing issues, mis-calculations, data that should transfer to other forms does not. Support and management do not listen to user suggestions. They only seem to be interested in serving larger companies.
Overall: I've been using this software in my mortgage company for over 10-years. We used to be satisfied with it, but not any longer. Recommendations to other buyers: Avoid.
Full Specifications What's new in version 1.0.1 Minor bug fixes. General Publisher Publisher web site Release Date December 05, 2012 Date Added November 17, 2012 Version 1.0.1 Category Category Subcategory Operating Systems Operating Systems Android/2.3.3 - 2.3.7 Additional Requirements Compatible with 2.3.3 and above. Download Information File Size 287.99KB File Name External File Popularity Total Downloads 140 Downloads Last Week 5 Pricing License Model Free Limitations Not available Price Free.