J.L.Sherman&Associates,Inc.

The Leader in Loan Quotation and Loan Calculation Software

News - page 2

 

COVID-19 Letter to Our Partners

Submitted 2020-03-23 10:22:00 -0700

Sherman and Associates is the leader in loan quotation and loan calculation
software, providing end user software and calculation engine
solutions.Dear Partners,

We recognize that with the constantly changing COVID-19 situation around the world, this is an unprecedented time for everyone — a time that, for many, is filled with uncertainty. Our hearts and thoughts go out to each and every one of you. We wanted to take this opportunity to inform you of the decisions made and steps which will be taken for our company during this critical time.

... (Read on for more information)
 

HOEPA Updates for 2020

Submitted 2019-08-01 14:35:00 -0700

The SCEX is loan calculation software that can be embedded within your own
application, supporting consumer, commercial, and mortgage loan
calculations. The CFPB is adjusting two dollar amounts that are used in the “points and fees” trigger for coverage under HOEPA for calendar year 2020. The two dollar amounts are (1) the loan amount threshold (changing from $21,549 to $21,980), and (2) the total points and fees amount (changing from $1,077 to $1,099). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year’s values.

... (Read on for more information)
 

We're Moving!

Submitted 2019-08-01 10:21:00 -0700

Sherman and Associates is the leader in loan quotation and loan calculation
software, providing end user software and calculation engine
solutions. We at J. L. Sherman and Associates, Inc. wanted to let you know that after 25+ years in Encinitas, CA, we are moving to our new office ten (10) miles away in San Marcos, CA. Our new address is:

J. L. SHERMAN AND ASSOCIATES, INC.
250 SOUTH PACIFIC ST., #108
SAN MARCOS, CA 92078

... (Read on for more information)
 

HOEPA Updates for 2019

Submitted 2018-10-23 11:32:00 -0700

The SCEX is loan calculation software that can be embedded within your own
application, supporting consumer, commercial, and mortgage loan
calculations. The CFPB is adjusting two dollar amounts that are used in the “points and fees” trigger for coverage under HOEPA for calendar year 2019. The two dollar amounts are (1) the loan amount threshold (changing from $21,032 to $21,549), and (2) the total points and fees amount (changing from $1,052 to $1,077). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year’s values.

... (Read on for more information)
 

Announcing Our Partnership with LoanStar Technologies

Submitted 2018-06-26 14:08:00 -0700

We are pleased to announce that LoanStar Technologies has chosen J. L. Sherman & Associates as their exclusive partner for the loan and insurance calculations in their MerchantLinQ platform. LoanStar will be using the Sherman Calculation Engine with XML Interface (SCEX) to drive the calculations in MerchantLinQ.

“The SCEX allows us ultimate flexibility in the calculation of payment options to consumers at the point-of-sale. Not only do they support us in a way that can match our LOS partners, their knowhow allows us to focus on differentiating to the merchants, instead of worrying about calculation methodologies.”

  • Andrew Turner, CEO, LoanStar Technologies

LoanStar provides their MerchantLinQ platform to banks, credit unions and finance companies seeking to originate consumer loans at the point-of-sale. MerchantLinQ includes a series of tools that enable home improvement contractors, medical practitioners, small vehicle/lawn/garden dealers and renewable energy contractors to position payments with a consumer. The positioning of the financing option on their goods/services through a local lender’s brand enables uplift in adoption.

LoanStar delivers MerchantLinQ as an add-on to existing LOS systems focused on retail or indirect lending and has partnerships with 12 LOS platforms today. Additionally, LoanStar can couple their technology with a sales team that aggregates merchant relationships on behalf of the lender.

... (Read on for more information)