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Introduction
Welcome to Sherman and Associates' home on the World Wide Web.
Sherman and Associates, Inc. is the acknowledged leader in lending, leasing, and
credit insurance/debt protection calculation software. We offer PC software, DLL's, calculation engines, Internet
solutions, and consulting for consumer loans, commercial loans, mortgage loans, and student loans.
Sherman software systems are invaluable in quoting and disclosing
even the most complex loan structures, with or without credit
insurance/debt protection, quickly, easily, and accurately.
Our software covers virtually all of the loan types encountered in
consumer and commercial lending calculations. These include Equal
Payment and Balloon Loans, Single Payment Loans, Constant Principal
Reduction loans, Interest Only Loans, Skipped and Irregular Payment
Loans, ARM loans, and Student Loans. All include complete Truth In
Lending disclosures with APR values computed by either the Actuarial
Method, or by U.S. Rule, in strict compliance with Regulation Z.
All unit period and actual-day calendar interest accrual methods are
available. Amortization schedules for every loan type are also
included.
Our software
designs and mathematical methods are employed throughout the lending
community, from the smallest community banks and credit unions, to
the largest financial institutions in the country.
Our end-user software products, eWinLoan and WinLoan32, are
considered the finest sales tools to help lenders increase their
credit insurance and debt cancellation/deferment penetration. Many
of the largest Loan Origination Software providers utilize our
calculation engines for the quotations and disclosures provided by
their origination systems.
Please take your time and browse through our web site. If you have any questions
or comments about the web site, please feel free to drop a note to the
Web Administrator. On the other hand, if
you have any sales related questions or comments, please contact our sales
department at sales@shermanloan.com.
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January 20, 2010
Announcing Our New SCEX Commercial Loan Module Designed to Calculate Any Conceivable Loan!
The SCEX is the calculation engine that not only is the preferred choice of the major Loan Origination Software (LOS) companies in the consumer / commercial lending space, but is also the foundation of our desktop and internet loan calculation products, WinLoan-32 and eWinLoan. Enhancements start with the
SCEX and then flow into WinLoan-32 and eWinLoan as we adapt their user interfaces to accept the changes. Most enhancements are subtle and unnoticed by all but a few, but every so often, we make an enhancement that moves the SCEX significantly forward. Our new Commercial Loan module is such an enhancement.
Our commercial loan component design allows the user to drop data from any of the four categories below onto a timeline.
- Advances, preceding or within the payment stream.
- Interest Events, such as rate changes, or changes in accrual methods.
- Payment streams of any periodicity, time wise regular or irregular
- Fees
Payment streams can include calculated principal plus interest payments, interest-only payments, interest with a specified principal reduction amount, pure principal reduction, skips, as well as specified total payment amounts, all in any order throughout the loan.
Any combination of interest rates, accrual methods, payment types, fees or payments may be specified, providing maximum flexibility to compute virtually any loan imaginable.
Our many SCEX partners are our market research laboratory. So it is not surprising that this latest enhancement began with a request from one of our partners, whose clients had requested maximum flexibility for their commercial loans, and our realization that this enhancement could be of general benefit for all our partners.
If you are looking for a better way to manage the loan and payment protection calculations for your clients, please contact us. We are confident you will find partnering with Sherman & Associates, Inc. is the better way to go.
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