News - page 10
The New SCEX Loan Builder Module
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.
Announcing a New Partnership with FIS
We are pleased to announce that Fidelity Information
Services, now FIS, has chosen J. L. Sherman &
Associates as their exclusive partner for the loan and insurance calculations in
their FIS Loan Origination (FLO) service. FIS will be using the Sherman
Calculation Engine with XML Interface (SCEX) to drive the
calculations in FLO.
New Menu Selling Features
Sherman’s WinLoan-32 loan quotation software, already
recognized as the best sales tool for increasing payment protection (credit
insurance/debt protection) income, is constantly enriched by our clients’ great
ideas. Our two newest innovations are perfect examples of this relationship.
A major frustration among payment protection managers has been the tendency of some loan officers to simply request a payment without protection. We now offer a setup file option to make the menu screen mandatory. Clicking [Calculate] takes you directly to the Menu Screen, with all the protection plans presented, and the no protection plan at the bottom. The Entry Screen for this setup option is below:
... (Read on for more information)SCEX Now Supported on Linux
The Sherman programming team has been busy again! Our consumer loan calculation
engine, the powerhouse SCEX, can now be run on the popular
open source platform, Linux. While Windows may own a
large majority of the desktop market, more and more application providers are
using back-end systems powered by Linux due to its robust and easily accessible
nature.
New SCEX Enhancements
Our Sherman Calculation Engine with XML interface (SCEX),
already the industry standard, continues to expand at our customers’ requests.
The SCEX has become the calculation engine of choice for Loan Origination
Software (LOS) providers across the country, as well as
financial institutions seeking to develop their own platform systems.