J.L.Sherman&Associates,Inc.

The Leader in Loan Quotation and Loan Calculation Software

News - page 11

 

New Loan Type Tabs for WinLoan-32

Submitted 2006-10-04 10:00:00 -0700

WinLoan-32 is our loan calculation and quotation software for the Windows desktop, supporting consumer, commercial, and mortgage loans. WinLoan-32’s new tabs ( Consumer, Commercial, Mortgage) allow users to switch types of loans without jumping to change setups. The following scenario explains the usefulness of the new loan type tabs.

Previously with WinLoan-32, suppose a loan officer computed a consumer loan, such as an auto loan, and his next customer was interested in a mortgage loan. If the mortgage loan used different setup parameters, he had to go into the Setup Files, then the Account Setup, and select the Account corresponding to mortgage loans. That’s several clicks! The loan officer would then need to switch back for consumer loans. If these different loan structures have different setup files, forgetting to switch would lead to incorrect results.

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Four New Enhancements to the SCEX

Submitted 2006-05-11 14:00:00 -0700

The SCEX is loan calculation software that can be embedded within your own application, supporting consumer, commercial, and mortgage loan calculations. We find that the frequency of enhancements made to the engine is accelerating as we add more and more new users. Most enhancements are specific to a particular calculation required by a single lender or credit insurance carrier, but sometimes they are extensions of capability in loan structures, and of interest to most of our users. We think that is the case here, and so what follows deserves to be included in “What’s New”.

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Introducing the SCEX Account Tester

Submitted 2006-03-06 10:00:00 -0800

The SCEX is loan calculation software that can be embedded within your own application, supporting consumer, commercial, and mortgage loan calculations. As the number of loan origination software providers using our SCEX has grown, so has the number of new lenders relying on SCEX calculations each month. This, in turn, means more SCEX enhancements as we encounter situations that require adding a new calculation path to precisely match a client’s numbers. We developed a set of tools for our own internal use to aid in the testing of these additions that automatically re-computes hundreds of loans and identifies any that have changed. One of our senior programmers suggested that this could be modified to be a very useful tool for our partners as well.

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eWinLoan - Redesigned and Ready!

Submitted 2005-10-11 07:00:00 -0700

eWinLoan is our web based loan calculation and quotation software, supporting consumer loans, commercial loans, and mortgage loans. Our newly redesigned eWinLoan is now finished and ready for delivery.

eWinLoan, J. L. Sherman and Associates’ Internet loan quotation system, is built on the industry standard Sherman Calculation Engine (SCE). The SCE is the choice of loan origination software providers throughout the industry. Why settle for anything less powerful or flexible in your loan quotation software?

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Deposit calculations Now Available

Submitted 2004-10-20 13:00:00 -0700

The SCEX family of products features loan calculation and compliance software for the end user, as well embedded solutions for partners to use in their own end user applications. While lending calculations have certainly been our bread and butter, our mathematical experience extends into many different areas of your financial institution’s needs. In the past, we provided deposit calculations for some of our customers on a custom basis. Now, in response to requests from some clients, we have added deposit calculations to the WinLoan family of software. WinLoan-32 and the Sherman Calculation Engine now offer IRA and CD calculations. Take a look at some of the specifications below. Of course a wide array of compounding frequencies and interest accrual methods are available in these calculations.

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