Able.ai vs. Calyx Point

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Able.ai
Score 2.0 out of 10
N/A
Able uses AI to streamline the commercial loan process. The technology platform reads, understands, and organizes all of the information banks have about borrowers.N/A
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
Pricing
Able.aiCalyx Point
Editions & Modules
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Offerings
Pricing Offerings
Able.aiCalyx Point
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsContact vendor for pricing information.
More Pricing Information
Community Pulse
Able.aiCalyx Point
User Ratings
Able.aiCalyx Point
Likelihood to Recommend
-
(0 ratings)
2.5
(0 ratings)
User Testimonials
Able.aiCalyx Point
Likelihood to Recommend
No answers on this topic
I don’t have any. I’m forced to use this product by my broker.
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Pros
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  • I can’t say
  • I don’t have any examples
  • The suite is a constant thorn in my side
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Cons
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  • 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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Alternatives Considered
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There are several other products available that we will consider when we are able to upgrade from Calyx.
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Return on Investment
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  • 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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