The Leader in Loan Quotation and Loan Calculation Software

News - page 3


Announcing Our Partnership with Mastercard

Submitted 2017-08-31 10:10:00 -0700

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. The company operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone.

... (Read on for more information)

The Military APR (MAPR) - We Comply, do You?

Submitted 2017-03-03 13:55:00 -0800

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. In July 2015, the Department of Defense issued a final rule amending the Military Lending Act’s (MLA) protections. Though the rule took effect October 1, 2015, it did not require immediate action by financial institutions. However, this final rule outlined two specific dates on which MLA’s protections will become effective: October 3, 2016 (consumer loan products with the exception of credit cards) and October 3, 2017 (credit cards).

... (Read on for more information)

HOEPA Updates for 2017

Submitted 2016-10-04 14:43:00 -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 2017. The two dollar amounts are (1) the loan amount threshold (changing from $20,350 to $20,579), and (2) the total points and fees amount (changing from $1,017 to $1,029). 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 Misys

Submitted 2016-03-04 07:49:00 -0800

Misys provides the broadest, deepest portfolio of financial services software on the market. The company’s vision is to transform the global financial services industry by making financial institutions more resilient, more efficient and more competitive. Their solutions cover retail and corporate banking, lending, treasury, capital markets, investment management and enterprise risk. With more than 2,000 customers across 130 countries, their team of domain experts and partners has an unparalleled ability to address industry requirements at both a global and local level.

... (Read on for more information)

Announcing Our Partnership with Applied Data Finance

Submitted 2016-02-19 15:16:00 -0800

Applied Data Finance is a fast growing online consumer lender. The company’s mission is to help deserving people borrow at a reasonable rate – even if they don’t qualify for a bank loan. ADF’s founders knew the challenge wasn’t risky customers. It was going beyond the limited data and old methods most lenders use to measure risk. ADF discovered how, through advanced data science and proprietary credit analysis. The result is a superior loan product with billion-dollar market potential. ADF’s first consumer brand, Personify Financial, extends credit at responsible, risk-appropriate rates. Fair, transparent, and easy to understand loans. Mission accomplished.

... (Read on for more information)