Comparison
MyLoanBook vs a Spreadsheet
Most brokers start with a spreadsheet, and for a small book it works: paste the statement in, compare to last month, note what changed. It stops working when the book grows, an export changes or the person who built the formulas leaves. MyLoanBook reads the aggregator file, matches loans month to month, and turns the result into a calendar, a manual board and a next-action workflow alongside your CRM. The spreadsheet is still the right tool for an occasional check; MyLoanBook is designed for a book you intend to maintain.
| Capability | MyLoanBook | Spreadsheet | Basis |
|---|---|---|---|
| Cost | Partial | Yes | A spreadsheet is effectively free. MyLoanBook Trail Analysis starts at $39.50 a month plus GST for one writing broker and trail tracking; selected founding users may receive up to 60 days of founder-led access. |
| Reads the RCTI export without manual work | Yes | No | Pasting, cleaning and matching are manual in a spreadsheet. |
| Matches loans month to month automatically | Yes | Partial | Possible with lookups, fragile when accounts change or lenders migrate systems. |
| Clawback windows with days remaining | Yes | Partial | A date column and a formula work until the book grows. |
| Review calendar with reminders | Yes | No | Spreadsheets do not send reminders. |
| Repricing board and client messages | Partial | No | MyLoanBook has a manual repricing board and reusable email/native-phone SMS handoff; provider delivery and two-way communication are planned. These sit outside a basic spreadsheet. |
| Core book valuation estimate | Yes | Partial | MyLoanBook calculates an adjustable estimate from imported trail; a multiple times a spreadsheet cell is possible but depends on the sheet remaining accurate. |
| Survives the person who built it leaving | Yes | No | Formula spreadsheets rarely outlive their author. |
| Client data stays where you put it | Partial | Yes | A local spreadsheet never leaves your machine; MyLoanBook stores data in Australia with row-level isolation. |
Choose MyLoanBook if
- Your book is past about a hundred loans and the monthly comparison takes more than an hour.
- You want reminders and a manual retention pipeline driven by the numbers.
- You want a maintained system rather than formulas owned by one person.
Choose a spreadsheet if
- Your book is small and you enjoy the monthly check.
- You need a one-off calculation rather than an ongoing routine.
- You are not ready to put client data in any third-party tool.
Frequently asked questions
Can I export from MyLoanBook back to a spreadsheet?
Yes. Every table can be exported, so the spreadsheet remains available for anything the app does not do.
What does the free lost-trail example do?
It walks through how two consecutive LMG statements are compared to surface a loan that stopped paying trail, using fictional figures. No account, and the site accepts no files; the same comparison runs on your own statements inside the app.
Related
Last reviewed 15/09/2026 · Verified against lender material 05/09/2026
Sources: MyLoanBook lost-trail example (accessed 05/09/2026)