scex

HOEPA Updates for 2019

The SCEX family provides APR Compliance and Calculation Software for LendersThe 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 will be updated to include these new amounts, ensuring that your organization is compliant with the new year's values. You may also download the updated hcm.ini file with these 2019 values included.

... (Read on for more information)

Tags: 

Announcing Our Partnership with LoanStar Technologies

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.

... (Read on for more information)

Tags: 

HOEPA Updates for 2018

The SCEX family provides APR Compliance and Calculation Software for LendersThe CFPB is adjusting two dollar amounts that are used in the "points and fees" trigger for coverage under HOEPA for calendar year 2018. The two dollar amounts are (1) the loan amount threshold (changing from $20,579 to $21,032), and (2) the total points and fees amount (changing from $1,029 to $1,052). 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)

Tags: 

Announcing Our Partnership with Mastercard

Mastercard LogoMastercard (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)

Tags: 

Pages