The Leader in Loan Quotation and Loan Calculation Software

SCEX Adds New Mortgage Capabilities

Submitted 2011-10-12 11:00:00 -0700

The SCEX is loan calculation software that can be embedded within your own application, supporting consumer, commercial, and mortgage loan calculations. Each quarterly release of the SCEX increases its lead as the most functional loan calculation engine, as we continue to implement enhancements requested by our partners.

Recently, many of these enhancements have been made in the area of mortgage calculations. At the end of 2010, the MDIA (Mortgage Disclosure Improvement Act) changes were implemented to ensure that our partners were within compliance by the time the new regulation was mandated. With our most recent release, the following enhancements have been made in the areas of PMI and FHA MIP (Mortgage Insurance Premium) calculations:

Of course, enhancements to the SCEX are made to areas outside of mortgage calculations as well. For example, the SCEX now fully supports age-bracketed rates for MOB insurance.

With each quarterly release, the SCEX becomes more capable as we add general and client-requested enhancements to the engine. The backwards compatibility of the SCEX enables all of our partners to employ the newest versions with a minimum of effort. And since it is available in both 32 and 64 bit versions for both the Windows and Linux platforms, we are sure that it can be quickly implemented for use in your system with a minimum amount of developer time and effort. If you are interested in upgrading the capabilities of the calculation engine driving your loan origination system, please contact us.