J.L.Sherman&Associates,Inc.

The Leader in Loan Quotation and Loan Calculation Software

News - page 4

 

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.

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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.

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European Union APR Now Supported in SCEX

Submitted 2016-02-05 14:00:00 -0800

The SCEX is loan calculation software that can be embedded within your own
application, supporting consumer, commercial, and mortgage loan
calculations. Keeping our products current with changing market needs, and supporting our customers fully, are what our partners expect and require of us. Therefore, these two requirements are most important to our development team. Many enhancements, whether requested by our partners or required by changing market needs, are deemed to be of such sweeping applicability that we call them “General Enhancements”. Other requests of more limited interest we simply call “Client Specific Enhancements”.

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New Partnership with Compliance Systems, Inc.

Submitted 2015-10-22 13:28:00 -0700

Compliance Systems, Inc. (CSi) is a provider of best-in-class financial transaction technology and expertise that allows financial institutions across the United States to compliantly document financial transactions. CSi solutions include Deposit, Consumer (including Home Equity) and Commercial Lending, Mortgage Lending, Individual Retirement Accounts, and Health Savings Accounts lines of business. CSi specializes in analyzing the data around these transactions resulting in documentation that mitigates risks thus allowing institutions to better target resources on activities that help their bottom line.

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HOEPA Updates for 2016

Submitted 2015-10-21 13:38:00 -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. The two dollar amounts are (1) the loan amount threshold (changing from $20,391 to $20,350) , and (2) the total points and fees amount (changing from $1,020 to $1,017). 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.

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