Calyx Point vs. TValue

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Calyx Point
Score 6.1 out of 10
N/A
Calyx Software offers Point for mortgage officers, software supporting the loan lifecycle from prequalification to processing.N/A
TValue
Score 9.0 out of 10
N/A
TValue is a loan structuring and origination software and calculation tool from TimeValue Software headquartered in Irvine. It is available as a cloud-based software or installed.N/A
Pricing
Calyx PointTValue
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Calyx PointTValue
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Calyx PointTValue
User Ratings
Calyx PointTValue
Likelihood to Recommend
2.5
(0 ratings)
9.0
(0 ratings)
Usability
-
(0 ratings)
8.0
(0 ratings)
User Testimonials
Calyx PointTValue
Likelihood to Recommend
I don’t have any. I’m forced to use this product by my broker.
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It's best suited for any department that needs to frequently calculate large payment schedules. If you don't need this that much, then I don't think it's worth the price. You can create a schedule on your own, it will just take more time.
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Pros
  • I can’t say
  • I don’t have any examples
  • The suite is a constant thorn in my side
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  • Calculate large payment schedules
  • Synchronize with Excel
  • Re-calculate payment schedules whenever there is an adjustment
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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.
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  • The layout is really outdated compared to other accounting software.
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Usability
No answers on this topic
Pretty easy to use, easy to find options. The only complaint is the layout is too outdated.
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Alternatives Considered
There are several other products available that we will consider when we are able to upgrade from Calyx.
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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
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Return on Investment
  • The program meets the bare minimum for originating loans but when it breaks, the impact is significant. Even a small break in generating a report with inaccurate numbers can cause loss of confidence in our business and loss of a deal.
  • The downtime caused by the extremely poor implementation of the new URLA was costly and unnecessarily painful. The company did not adequately prepare for this. Some glitches were inevitable but they had [few] resources available to address the issues they knew were coming.
  • Customer service from the company by phone takes hours and is often a wasted effort. Wasting their customer's time is costly to their businesses.
  • If I were starting a mortgage company or selecting a new LOS, I would not select Calyx.
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  • Saves a lot of time.
  • Provides precise calculations.
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