Partner Directory

We are fortunate that some of the top lenders, debt protection providers, and loan origination service providers in the country have chosen to partner with Sherman & Associates, realizing a synergy from our combination. Below is a partial list (sorted alphabetically) of our partners that currently use our calculation engine.

• APPRO Systems, now a division of Equifax, was frustrated by quirks in new customers’ calculations. They wanted to eliminate the repeated time and expense of custom programming required for new account credit insurance calculations, as well as the various loan structures different clients required. After careful research, they determined Sherman and Associates to be the top expert in loan quotation solutions, and contracted to use our SCE as the quotation portion of their software.

  APPRO no longer worries about obtaining specifications, talking with insurance companies, matching numbers to the penny, and obtaining written approvals. We do it all for a small setup fee. After thorough testing and receiving the necessary approvals, we email the client’s setup files to Appro for inclusion in their system.

  Using the SCE and our technical support, APPRO saves significant time and money. They’ve been using our SCE since 2001 and are very satisfied with it, as well as our customer service.

• Founded in 1980, ARGO Data Resources is the premier source of technology-based solutions for America’s financial institutions. Over 30,000 financial centers rely on ARGO for their branch banking, payments, consumer, and commercial lending origination and processing needs. With unmatched configuration, implementation, and ongoing user support, ARGO’s solutions are an industry workhorse, processing over 50 million transactions daily. Its best-in-breed products and solutions include transaction and loan processing, automated loan decisioning, analytical science tools, eLearning, check imaging, workflow management, teller automation, and sales and service support. Some of the lending accounts in which ARGO has installed the SCEX include Arvest, Associated Bank, JPM Chase, Carmax, and Colonial Bancorp.

  “ARGO maintains relationships with many technology partners to deliver and maintain world-class enterprise systems for tier one financial institutions in the US. Our partnership with Sherman & Associates is among the tightest and most valued of these relationships. SAI supports our client’s needs for regulatory compliant calculations for vastly differing payment structures, products, and lines of business, including direct consumer, business, commercial, and student & specialty lending. The service and support we receive from SAI is outstanding, which makes ARGO and Sherman premier providers to the nation’s best and largest financial institutions.”

  - Ted Martin, Vice President

  We consider our partnership with ARGO to be one of our most valued relationships. Through ARGO, we have acquired some of our largest lending institutions relying on the SCEX.

• Based in Omaha, Nebraska, CSO is a mutually owned insurance company specializing in the debt protection market. With over 75 years in the business, CSO is a leading provider of debt protection products in the United States. The CSO Family of Companies markets and administers debt cancellation programs and its product portfolio also includes Credit Life and Credit Disability Insurance. CSO’s long-standing mission has been to help people enhance their lives by offering quality products and services, thereby assisting people in minimizing their financial risk. For further information on CSO and their products, visit their website.

  “CSO is thrilled with the opportunity to partner with Sherman & Associates. There is no doubt Sherman & Associates is a leader in loan quotation software. By using Sherman’s proven methods within our new debt cancellation administration system, CSO will be in a position to provide our clients with an exceptional tool to allow for the efficient administration of debt cancellation business. We are anxious to begin demonstrating our new system to our client base.”

  - Jeff Wanning, CSO’s Senior Vice President of Operations

  Jeff's comments are much appreciated. CSO joins a large and growing list of Loan Origination Software (LOS) partners, including the major LOS providers across the consumer loan market, who have selected Sherman & Associates for our expertise in lending calculations, and for the support we provide.

• FIS, formerly Fidelity National Information Services, provides their FIS Loan Origination (FLO) service to a wide range of domestic banks and thrifts seeking automation to originate commercial and consumer loans. FLO is a browser based solution that provides a wide range of LOS functionality including warranted document selection, flexible IntelleDoc technology, and 3rd party interfaces, all coupled with seamless core integration.

  “SCEX provides us with a single calculation engine to support complex repayments for Commercial, Consumer and Mortgage Loans. This includes skip payments, irregular payments, and construction to permanent loans all available with insurance protections our customers demand. Sherman's support and assistance are world class. Integration and deployment was seamless.”

  - Ronny Chapman, FLO Product Manager

• Fiserv Lending Solutions, a unit of global financial software and services provider Fiserv, Inc., became a partner in 2005. Their products include easyLENDER loan origination software, an industry-leading family of software solutions that automates every aspect of mortgage, home-equity, consumer, and commercial lending for hundreds of banks, thrifts, and credit unions nationwide.

  Fiserv needed a robust calculation engine that could handle all of its clients’ needs for payment and credit insurance calculations and a solution that is backed by responsive and knowledgeable technical support. Fiserv selected us because of the unmatched power of the SCEX and our long-standing reputation for providing excellent support. As we do for other partners, we manage the setting up of all loan and insurance parameters, and sending the setup files to Fiserv for incorporation into easyLENDER.

• Individual Assurance Company (IAC), a major credit life company based in Kansas City, has over 50 years of experience working with financial institutions to provide insurance solutions to their customers. With over $6 billion of insurance in force, IAC offers a full range of insurance products, plus debt protection and reinsurance programs to more than 600 financial institutions from Alaska to Maine.

  “To help our customers achieve their aggressive sales goals, IAC deploys its unique sales and processing system - FourPoint™. SCEX gives FourPoint™ the flexibility to match any bank loan origination system. SCEX provides us the ability to accurately quote, disclose and provide amortization schedules to our clients. Sherman & Associates has been a strategic partner for over 20 years.”

  - Mike Strickland, President

  As Mike noted, IAC has been a key valued partner for over 20 years, and in addition to using SCEX, employs our WinLoan-32 software in many of their accounts not using FourPoint.

• Information Technology, Inc. (ITI), a Fiserv subsidiary, chose to integrate the Sherman Calculation Engine with XML Interface (SCEX) into their new loan origination system.

  ITI is part of an extended family of companies, all subsidiaries of Fiserv, the leading provider of financial information management and services to an array of industries worldwide. For over 30 years, ITI has been one of the nation's leading financial technology providers, its integrated software and services used by thousands of financial institutions ranging in size from de novos to organizations with billions in assets. ITI's comprehensive suite of integrated software and services is used by thousands of American banks, savings institutions and credit unions.

• Intercontinental Warranty Services, Inc. (IWS) has served the credit union market for over a decade by providing Vehicle Service Agreements (VSA), Mechanical Breakdown Insurance (MBI), and GAP programs integrated into the auto lending process. IWS wanted to be able to also provide loan quotations and disclosures with credit insurance and/or debt protection for all their clients, and have integrated the SCEX into their system to provide this capability.

• Jack Henry has relied on the SCEX for the calculation needs in their ArgoKeys system for several years. ArgoKeys™ allows bank lenders to complete the entire loan process online – from product presentation, loan origination, application tracking, calculations and insurance, loan underwriting, and credit bureau checks – to document preparation, closing and booking. ArgoKeys™ includes consumer direct, consumer indirect, business lending and basic mortgage lending. This execution-ready, enterprise-wide solution is based on proven best-of-breed technology and is fully integrated with Jack Henry’s SilverLake System® core processing solution. The entire lending process is streamlined, taking what has traditionally been a manual process and automating it into a single system. This greatly reduces the amount of time it takes to process a loan and reduces potential errors at every step in the lending process.

  The following comment summarizes very well our contribution to their excellent product:

  “The Sherman Calculation engine is fully integrated into our solution – providing all of the Lending Calculations and accommodating all of the requirements for Credit Life and A&H Insurance. This affords us the ability to leverage Sherman’s expertise and capabilities in our solution and ultimately provide a comprehensive offering to our customers.”

  - Jeff Smith, Installation and Support Manager for ArgoKeys

• KeyCorp is one of the largest financial services companies, with assets of $97 Billion and over 1,000 full service offices across fourteen states. KeyCorp has been a valued customer of Sherman and Associates since 1995. KeyCorp currently employs the SCEX as their enterprise loan calculation engine. The engine handles all consumer loans, equity lines of credit, student loans, and indirect loans, with or without debt protection.

• oFlows Incorporated is an originations technology provider focused on the credit union, bank, insurance and brokerage markets. With its all-digital platform and cutting-edge mobile applications, oFlows is considered a leader in originations technology.

  oFlows eliminates all of the paper from the process of opening all types of new financial accounts including loans, deposits, memberships and insurance products. oFlows is all-digital and available online, in-person and now on mobile devices. So whether customers are at home, on the beach or in the branch, oFlows’ clients can now receive applications, supporting documents and signatures without generating a single piece of paper. oFlows’ new mobile application, called ‘Mobilize’, puts all the power of the oFlows platform in the palm of your hand on iPads, Android tablets and smartphones.

  “Our partnership with Sherman & Associates has been invaluable to oFlows. The level of depth, ease of use and simple implementation with Sherman & Associates’ technology has allowed us to expand our product base quickly and gives our clients the best possible solution for ensuring accuracy and compliance while boosting cross-sales opportunities with their customers.”

  - Scott Pitts, oFlow's CEO

• Open Solutions, a leading provider of enabling technologies for the financial services industry which includes a suite of loan origination applications, has partnered with Sherman and Associates for its payment and insurance calculation needs. Open Solutions is using the Sherman Calculation Engine with XML interface (SCEX) for their clients’ loan quotations.

  Why did they select Sherman and Associates? Open Solutions needed a partner with a robust calculation engine covering all of their clients’ needs for payment and credit insurance and a responsive, thorough technical support staff. They selected the Sherman team because of the unmatched power of the SCEX, and our long-standing reputation for providing excellent support. Our flexible pricing plan also allowed them to tailor the partnership to their specific needs.

• In 1996, Paccar Financial, the financial arm of one of the country’s major trucking companies, chose Sherman and Associates to provide the calculation engine for all their loan calculations, including credit life calculations covering all 50 states. We have since expanded the engine with leasing and other calculations, and Paccar continues to be an extremely satisfied user.

• Union Bank, with over $78 Billion in assets and 337 banking offices across four states, uses our Sherman Calculation Engine (SCEX) as the heart of their quick quote calculator available on the bank’s web site. Any of UB’s customers can access the calculator for sample consumer loan quotes. They also employ the SCEX to provide the correct loan calculations to their document preparation system, and our WinLoan-32 quotation software is networked throughout UB’s offices to provide loan quotations and disclosures.

  “We have been clients of Sherman and Associates for over 22 years and have been extremely pleased with their products and after sales service. We currently are using the online WinLoan-32 software Bank wide and the SCEX calculation engine. Use of these products allows for accurate and consistent loan payment quotes.”

  - Craig Carrington, Senior Vice President/Manager of Union Bank's CAM Credit Policy

• Throughout the years, Wells Fargo has acquired, and continues to acquire, many different banks across the country. Because of frequent acquisitions, significant issues arose related to the different loan systems they’d acquired. In 2000 Wells Fargo, a Sherman and Associates customer since 1986, hired us to develop a custom calculation engine written in C code to operate as the heart of their Enterprise Loan System. Our engine handles their loan calculations, with or without insurance, for all their states. They no longer have problems when new banks are added to their extensive network.