J. L. Sherman and Associates is excited to announce the addition of private mortgage insurance (PMI) support to our best of breed desktop and internet based loan quotation tools, WinLoan32 and eWinLoan. Mortgage loans may now be covered with private mortgage insurance, with premiums paid monthy or as a single premium. Any number of monthly premiums may be paid up-front. PMI is dropped at a loan to value ratio (LTV) of 78%, with a warning given at 80%, assuring compliance with federal regulations. Furthermore, the 78% and 80% values are configurable, assuring future compliance with federal or organizational needs.

We are pleased to announce the general availability of the SCEX for the 64-bit Windows and Linux platforms. This means that our industry leading loan calculation engine is now supported natively on four platforms: 32/64 bit Windows and 32/64 bit Linux. Of course, should your application operate on a different platform, the power and flexibility of the SCEX can be made available to it via the SCEX Loan Server.

Each quarterly release of the SCEX usually contains client specfic enhancements, which we define as enhancements made at the request of an individual partner or partner’s client, which may not be of much interest to most of our partners. However, every so often we introduce general enhancements, which we believe will have a more sweeping impact for all of our partners. With our July, 2010, release, we are pleased to announce just such an enhancement with the addition of PMI insurance to the SCEX.

Central States Health and Life Co. of Omaha (CSO) is an old friend of J. L. Sherman & Associates, having purchased our loan calculation software for their accounts back in the 1980’s. So we are especially pleased that CSO has chosen Sherman and Associates as their exclusive partner for the loan and insurance calculations within their new debt protection administration system. CSO’s system will be using the Sherman Calculation Engine with XML Interface (SCEX) to drive the calculations.

In the previous update to our website, we mentioned the addition of the HPML analysis to SCEX, among other enhancements. There has been so much interest in the HPML analysis that we thought it deserved special mention.