The Software Center

PC Software from Sherman & Associates

With the WinLoan software on your local PC or network server, the expertise and knowledge of Sherman and Associates is at your fingertips. With the WinLoan software, you will...

Quote any type of loan with ease, instantly, right from your desktop while your customer is there.

Effectively quote and sell credit insurance with every loan, even in multiple states from your Loan By Phone Center.

Quote any payment frequency or schedule, including skipped and irregular payment loans.

Match your interest accrual method to the penny.

Print comprehensive loan disclosures with the annual percentage rate (APR) accurate to 1/1000% and perfect amortization schedules for your customers.

Get higher closure rates on loans, more products sold, and fewer errors. The WinLoan software does all this and more. Most of our customers say that the WinLoan software pays for itself several times over in each year of use.

Software Specifications:

General Specifications: Our complete WinLoan Counselor software includes:

Consumer Loans: Monthly, bi-monthly, semi-monthly, weekly, bi-weekly, quarterly, semi-annual, annual, single pay, balloons, with 3 different computations, financed fees and multiple prepaids either financed or paid at closing.

Commercial Loans: Principal plus interest, interest only, and combinations of principal plus and interest only, balloons, skipped and irregular payments.

Setup Files: The WinLoan Counselor software contains a vast array of Setup Files that can be used to match various calculations and insurance methods. Due to the comprehensive Setup files, individual account custom modifications can be handled directly through the extensive Setup Files. This reduces the time and expense involved in custom modifications.

Briefly the Setup Files include such items as entry prompts, defaults for credit insurance, insurance rates and caps, the name and defaults for various fees, the accrual methods used and the loan types allowed.

Interest Accrual Methods: Available methods include Actual/Actual, Actual/365, and Actual/360, each either Simple or US Rule. Unit Period 360 and 365 are also available, either Simple, US Rule, or Actuarial.

Insurance Calculations: Any credit insurance calculation can be included

Prepaids and Financed Fees: Up to 5 financed fees, which do not affect the APR can be included, as well as up to 5 prepaid fees. Through the Setup Files, the fee names can be customized.

Credit Insurance Tutorial: An online credit insurance tutorial helps train employees on how to successfully sell credit insurance. The tutorial is especially useful with new employees. It offers a quick reference on presenting credit insurance to customers, and can improve employee sales skills and increase their sales.

Overcoming Objections Scripting: Employees are guided through positive responses to customer complaints about credit insurance. Finding the right reponses and practicing the exact verbiage for common questions prepares employees for most common objections and builds confidence.

WinLoan-32

Our newest version of our WinLoan Counselor PC software, the WinLoan-32, is our latest addition to our library of software solutions for lending organizations.
Take a minute and read through a few of the features of the new WinLoan-32.

Screen Appearance - The screens read left to right, as you would normally read, with the entries grouped logically for easy inputting.
Group Quotes - There are up to 10 combinations of insurance available. During the loan inputs, if "Group Quote" is selected, a special page of outputs is presented on which the premiums and payments for each loan are disclosed. One loan in the group may then be selected for a full disclosure.
Checksums - Insurance setup file settings may be individually identified with a checksum number. The checksum is a mathematical total of all numerical values stored in setups. The Checksum allows quick verification of setup settings.
Updates - All updates, patches, and fixes will be emailed.
Outputs - Outputs have a single window which utilize the tabbed notebook strategy, standard, with Windows applications.
Internet Ability - The WinLoan-32 calculation engine can be used for internet loan calculations.
HTML Manual - The User's Manual can be viewed and printed directly from the WinLoan-32 program. We've also provided short help messages for each input.
Customized Options - The initial splash screen may be customized with your company's name and background image and the form color and output font size may also be customized.
Forms Functionality - Within the WinLoan-32 PC software, printing forms is possible using the Sherman Forms Generator. After a loan is calculated, the form can be printed directly from the software with the loan information automatically filled in. The seller will be prompted to select the form and input the customer information.
Using Adobe Acrobat Reader, the form is completed and ready for printing. The seller will be able to view the completed form on the screen to check for correct information. Customer information will be saved and the form can be printed at a later time for your convenience.
Method:

Beginning with your form (either in electronic or paper format), Sherman will scan the form and obtain field addresses from the scanned image.
After the pixel addresses are obtained, XML code will be written for each address.
Using the Sherman Forms Generator, the XML code will be integrated into the WinLoan-32 software and the form will be created.
You will be able to view the form and check for accuracy.
The form can be printed using any Windows compatible printer (dot matrix or laser jet).

Process:

Provide a sample form(s) to Sherman.
Using the Sherman Forms Generator, the form will be created.
You will be given a form to approve.
Upon your approval, the form will be integrated into the WinLoan-32 software.
Invoicing will follow.

MOB Calculations - WinLoan-32 includes the Monthly Outstanding Balance (MOB) premium calculation method as a standard feature.
Refund Calculations - Calculating refunds for credit insurance is easy with the WinLoan-32. Refunds for Gross and Net Credit Life insurance and Accident and Health insurance are included based on your accrual method.

Screen Shots

The following screen shots may give you a hint of the program's ease of use and yet, at the same time, remarkable attention to detail. All screens shown were taken from the WinLoan-32 software for the Windows 95/NT platform.

A sample Input Screen for a typical installment loan.
A quick click on the 'Calculate' button brings the user to the Predisclosure screen where the important selling elements of the loan are clearly displayed. The loan's payment stream and insurance premiums (including a pennies per day field) allow the loan officer to quickly summarize the loan for the customer.
The Full Disclosure page of outputs. Note how all of the federal box information is highlighted.
An Amortization Schedule may be quickly viewed and printed for any type of loan after it has been computed.
A Group Quote page includes up to 10 combinations of insurance options. This makes it very easy to tailor the loan for your customer. One loan in the group may then be selected for a full disclosure.
The true power of the WinLoan-32 lies in the various password protected Setup Files. These setups allow the experienced user to customize the application and tailor it to suit the organization's needs, practices, and style. Although the setup files should be accessed by experienced users only, note the helpful descriptions which appear near the bottom of the screen for those of us who have not had our morning coffee yet!
Note that the application may contain setup information for a plethora of different accounts. The Select State / Account form is used to switch from one account to another. We have provided software to individuals that contain more than 2,000 accounts!

For a more detailed look at the WinLoan-32, please feel free to download the demo version(s) available below.

Annual Maintenance Plan

One of the benefits of purchasing the WinLoan software is the Annual Maintenance Plan offered by Sherman & Associates. For a very small price, you don't have to worry about any federal or state changes relating to credit insurance. We do that for you! We constantly monitor what goes on with credit insurance around the country. If there are any changes, we'll know about it before the changes are implemented. We will notify you and make the changes to the software and mail a new updated version of the program directly to you. This is great protection for you and you don't have to worry about rate changes any longer.
One other nice feature of the Annual Maintenance Plan is the ability to take advantage of any enhancements or upgrades that we make to the software during the year at no additional charge to you. We're always improving our software, and we want you to have the latest and greatest version. We give you the option of any changes, so the decision is your's to make.
As part of our Annual Maintenance Plan, Sherman and Associates offer 3 options for setting up the WinLoan-32. Please review the 3 options and determine which option will work best for you.
Option 1:
WinLoan-32 will be set up with prima facie rates and general underwriting guidelines. A Users' Manual is included in the software for the WinLoan-32 with detailed instructions on making changes to the Setup Files after delivery. There is no Setup Fee for Option 1.
Option 2:
A Customer Setup Questionnaire will be provided to you for completion. Once completed, we will set up the WinLoan32 based on your responses. If the Maintenance Plan is purchased, the Setup Questionnaire will be sent to you for completion and we will complete the Setups. There will be no additional Setup Fee.
Option 3:
In conjunction with you and your credit insurance company(s), we will complete the Customer Setup Questionnaire and set up the WinLoan-32. Loan calculation samples will be collected and used to ensure that the software matches your credit insurance company and your loan system. The Setup Fee is $100 per hour.
For your convenience, we've included a Customer Setup Questionnaire, for the WinLoan-32, for your review.

Click on the underlined text to download the Customer Setup Questionnaire for Microsoft Word
(If you are having problems downloading the Questionnaire, please feel free to call Technical Support at (800) 776-6651 or send email to Technical Support).
If you are interested in finding out more about our Annual Maintenance Plan, email our Sales Department.

Download Demo Versions

We have three demonstration versions of our WinLoan software for you to download and go through at your leisure. The demonstration versions are not time-limited in any way. Instead of your entered rate, a random interest rate will be used for all loan calculations. All setup files are there for you to look through, with no password to block your access.

Click the underlined text to download the WinLoan-32 Demo for Windows 95/98, and Windows NT/2000.

Click the underlined text to download the WinLoan-32 with Forms Printing Functionality. You will need Adobe Acrobat to print out the sample forms. If you don't have Adobe, you can download Adobe Acrobat at Adobe Acrobat Reader home page.

You can always print the Loan Disclosure and Amortization Tables with either demo of the WinLoan-32.
Installation Instructions
The above files (WINDEMO.ZIP and WIN32DEMO.ZIP) are ZIP file archives. To unzip the Windemo.zip or the Win32demo.zip file, you need a program (such as Winzip or PKUnzip) to open and extract the files that have been archived. You can download an evaluation version of Winzip from the Nico Mak Computing, Inc. Winzip home page.
After downloading the demo version to a temporary directory, open the Winzip program, click on the Open button and point to the location where you saved the Windemo.zip file. Once you see the unzipped files, click on the Install button and installation should proceed.
If you have any questions or need help installing the program please feel free to call technical support at (800) 776-6651 or send email to technical support.