FASB 91 Loan fee amortization software

                    SOFTWARE  PRODUCTS 
Financial Data Support Systems, Inc.
  Home page
  About, contact us
  FASB 91 - all products
  LOAN FILES - deferred fees income and expense amortization
  MBS, LSBO, LOAN PACKAGES - premiums, discounts amortization
  BOND ISSUERS - premiums, discounts, issuance costs amortization
  BOND PURCHASERS - effective interest method for premiums and discounts
  BOND PURCHASERS - straight line method for premiums and discounts
  PREPAID EXPENSES - monthly amortization and reporting
  DEFERRED INCOME - monthly amortization and reporting
  FIXED ASSETS, FF&E - monthly depreciation and reporting
  BOND PURCHASERS -  variable rate bonds
  BOND PURCHASERS - premiums, discounts with OID amortization

Applicable for:
  •  Loan originators
  •  Loan purchasers

Dealer fees

FASB 91 software to amortize deferred fee
income and expense in a loan file

                  Options for existing loans and deferral balances
Option 1
        Preserve your existing book values.
        No adjusting journal entries.
        The software can begin amortizing deferred fee income and
        expense balances using current loan information.

Option 2
         Calculate prior and current book values.
         The software can amortize deferred fee income and expense
         from original dates using original loan information.

Option 3
          Begin amortizing from an "as of" date.
         Typically the beginning of a calendar or fiscal year using
         prior EOY balances.

Effective interest method amortization for
     •  Originated loans
     •  Acquired loans at the individual loan level
     •  Acquired loans at the package level

"Thank you so much for your help.
It’s so refreshing to talk to someone who understands!"

     •  Amortize fee income, expense, premiums, discounts, points, closing charges and more
            Up to 4 unique items per record

     •  Automatically import a loan file to the software
            Import a file from a core system, service bureau or other source.
            Import an Excel worksheet containing basic loan information:
                         The software will generate monthly payment activity.
                         Changes - if desired, include pertinent or significant changes to a loan.

Amortize all fees at the same time

     •  Calculate effective interest rates
     •  Also supports straight line fee amortization for designated loans
     •  Accelerated fee recognition due to paydowns, curtailments, early payoffs
     •  Amortize fees from original loan date or begin at any point during the loan term
"Our outside accountants just completed their audit.
 This is the first year we've been using your software AND
  the first year we received a clean audit report."
                            New York

     •  General ledger subsidiary account listing
     •  Monthly postings file
     •  Audit and examination lifetime schedules showing month by month recognition for each loan

     •  Restatement:  Amortized income and expense totals for prior months including annual totals for prior years
     •  Projections:  Amortized income and expense totals for future periods:  Month, months, an entire calendar or fiscal year

Import your loans to the software.
Calculate fee recognition for any month.

Double click any loan and
automatically generate a
lifetime  audit and exam fee recognition schedule.


     •  Individual loan schedules:
               Automatically generate a lifetime fee recognition schedule for any loan at any time.
               View, print, save in Adobe, save in Excel

     •  Delinquents, non-payment:
               The software continues the payment stream regardless of non-payment activity.
                    (this is accrual based and not a transaction based fee recognition system)
               Deferred fee recognition continues to occur.
               This logic remains consistent with loan interest income being accrued (earned).
               The software will continue recognizing a deferral on a delinquent loan until overt, other action is taken.

     •  Multiple fees:
               From 1 to 4 unique fee income or expense items per loan.
               Each fee can be assigned its own set of general ledger debit and credit accounts (or default to system generated numbers).

     •  Partial paydowns, curtailments:
               The software recognizes an additional portion of deferred income, expense balance attributable to the principal reduction.

     •  Early payoffs:
               The software will recognize deferred fee balances in full when
                    Principal balance goes to zero or
                    An "Early payoff date" is encountered or
                    When importing from a loan servicing system, the loan is "gone" (for which a report will be provided and loans flagged accordingly).

     •  Rate changes:
               The software calculates a new effective interest rate.
               The software calculates a new payment.

     •  Months to calculate fee recognition:
               Ability to
                    Recognize deferred fees for a single month and
                    Recognize deferred fees for a span of 2 months through 12 months.
                    Begin a period with any current, prior or future month/year

     •  Expense:
               A display option can show expense recognition as negative in order to readily distinguish between expense and income


     •  Mortgage loans
     •  Consumer loans
     •  Commercial loans
     •  Secured, unsecured

     •  P&I amortizing
     •  Interest only:
            As interest only and
            Interest with periodic principal payments of a constant amount (e.g., $25,000 every three months)
     •  Balloons:
           P&I over balloon period
           P&I over longer term (e.g., five year balloon with P&I over a 30 year term)
           Average portfolio life

     •  Fixed rate
     •  Zero rate
     •  Variable rate
            Tied to an index such as LIBOR, Prime, other
     •  360, 365, 366, 365/360
     •  Customization available   

Account for loan packages, too
     •  Premiums, discounts, income and expense associated with
     •  MBS, LSBOs, syndicated pools, GNMAs ....

Projections and prior periods
     •  The same file calculated for the entire year 2018
     •  Simply change a drop-down calendar month/year
     •  Select a range of months to calculate, from 1 to 12
     •  Go back in time
     •  Go forward in time


     •  VERSION 1:  Import an Excel worksheet each month containing basic loan information
               Ideal for small lenders, non-automated systems, acquired loans and others
               Original loan information only - the software will generate monthly payment activity
               Changes - if desired, include pertinent or significant changes to a loan


     •  VERSION 2:  Import a file from a core system, service bureau each month representing current loan file
               Import a single file.  Import different files.
               The software automatically adjusts for rate changes and large reductions to principal such as curtailments and payoffs

Import loans from
•  Core system
•  Service bureau
•  Excel worksheet into
which basic loan data has been entered once

Browse for and import a file or simply copy all loans.

Import or paste to the software
  •  Fee amortization for all loans
  •  Up to 4 fees per loan
  •  All monthly reports
  •  Journal voucher
  •  Posting file formatted for
     any general ledger system

View reports.
Send to printer.
Export to Adobe.
Export to Excel.
     Audit inquiry?
     Internal request?
     email reports in Excel.

                        FASB 91 CUSTOM CODE

Unique situation?
Unusual records?  New fees?
File layout?  Source?

Different configurations of the software or other products we offer may already meet your needs but, if not, we can write custom code and embed your private module within the existing nuts and bolts portion of the software.



•  Buy the software for use on a continuing basis


•  Rent the software for a one-time special project


•  Send us a file to calculate and receive
          Reports in Excel or Adobe
          As of current period
          For prior periods

                                             EVALUATE THE SOFTWARE

Free demo:
Evaluate the software with a free demo available on the Price page, below.

Not ready for a demo?
Send an email for a free Excel worksheet template
     View a typical import file.
If desired, return the Excel template with two or three actual or typical loans.
We'll import, generate and return the same file and more tabs containing a set of monthly reports.

Price page:
Click to open and view Price page
     The price page also contains information on obtaining a free demo.




FASB 91 Custom Code
Unique situation?
Unusual records?  Fees?
File layout?  Source?
We can write custom code
and embed your private
module within the existing
nuts and bolts portion
of the software.

LOAN FILES - FASB 91 deferred fees, income and expense amortization software
Dealer fees, FASB 91 indirect lending page

FASB 91 amortization for hundreds, thousands of loans with deferred fees from a

     •  Loan servicing system

     •  Core, in-house computer

     •  Service bureau

     •  Excel worksheet
               Typically for smaller files, manually serviced loans, non-automated processing

     •  Other spreadsheets and file types

     •  Custom files and programming requirements

     •  Fee income
     •  Points
     •  Discounts
     •  Expense
     •  Charges
     •  Indirect lending dealer fees
     •  Closing costs
     •  Premiums
     •  Other deferred items

Effective interest rate calculation for each loan

Recognition of deferred fee income and expense under FASB 91
     •  Current month
     •  Prior months and years
     •  Future months
     •  Annual projections

Detail schedules
     •  Month by month recognition for the life of a loan
     •  Support for auditor, examiner queries

Account for multiple fees
     •  Up to four (4) distinct fees per loan

Start amortizing "as of" whatever month you want
     •  Start "as of" now
               Preserve your existing deferred fee income and expense general ledger balances
               No adjusting journal entries
     •  Start "as of" a prior month, prior year
               Recalculate income, expense and deferral balances from a prior period forward

Accrual accounting - not a transaction based system
     •  Monthly fee recognition is tied to loan interest income
               Interest received and
               Interest accrued
               Fee recognition occurs every month

Effective rate recalculation for rate changes

Accelerated recognition of deferral balance due to
     •  Principal reductions due to paydowns, curtailments
     •  Early payoffs

Loan file totals
     •  Total fee income - monthly and annual
     •  Total fee expense - monthly and annual
     •  Net:  Income minus Expense

Subsidiary account balancing

General ledger
     •  Journal voucher
     •  Upload transaction posting file



Need FASB 91 loan calculations NOW?

Don't want to buy software?

Do what others have done:
     •  Send your file attached to a secure email
     •  We can
               Import your loans to the software
               Perform any necessary changes or file clean-up
               Amortize deferred loan fees for any period
               Return a complete set of reports in Excel
     •  Reports can be generated
               One time basis
               Recurring basis

Please call 1-800-245-8444
or email

 Client testimonials ....

Thank you so much for your help.
 It’s so refreshing to talk to someone who understands! 

I love your software and have had no issues.

 Our outside accountants just completed their audit.
 This is the first year we've been using your software AND
  the first year we received a clean audit report.
                            New York

We have been utilizing FDSSI software to the fullest and we are so excited that we have it to do the calculations for us!

  I'm not technically inclined but was able to install your software without any problems.
 Then I imported my loan file.
 Your software performed all the calculations and totals we need in a matter of seconds.
 I can't believe how much work it's going to save us each month.

A HUGE thank you for going the extra mile plus!!!!!!!

 Thanks a lot!
 This program has just made my life so much easier.

  Your customer service is fantastic!
  Have a great week.

An affordable, proven system for small and large loan files

•  Different versions to meet different operational needs

•  Evaluate the software with your loans at no charge

•  Qualified assistance regarding unusual requirements

•  Software customization for unique needs

•  FASB, GAAP compliance without spending a fortune

Amortize deferred income and expense for

•  Mortgage loans

•  Consumer loans

•  Commercial loans, notes

•  P&I amortizing loans

•  Balloons as interest only with a balloon payment

•  Balloons with partial P&I amortization at a longer term during the balloon term (supports average portfolio life fee amortization)

•  Interest only loans

•  Interest only with periodic constant amount reductions to principal such as scheduled quarterly principal repayments

•  Fixed rate

•  Zero rate (typically for amortizing up front leasing charges)

•  Variable, adjustable rate
          Effective rate recalculation with each rate change

•  Interest calculations at 360, 365, 366 actual days, 365/360 ....

•  Full recognition due to early payoff

•  Paydown, curtailment accelerated fee recognition

•  Effective interest rate recalculation due to paydown reduction

Complete monthly fee accounting and reporting for ....

•  All monthly financial and accounting reports

•  Subsidiary ledger listing with subtotals by general ledger account
          P&L totals for each distinct fee
          Balance sheet totals for each distinct fee

•  Debit and credit column journal voucher

•  General ledger posting file

•  Complete monthly reporting and accounting in a matter of seconds

•  Lifetime month by month amortization and fee recognition schedules for each loan

•  View schedules and reports

•  Send to local or network printer

•  Export schedules and reports to Excel

Loan fee recognition and totals for

•  Current month

•  Current period ranging from 1 to 12 months

•  Prior months

•  Prior accounting and audit periods.  Annual totals.

•  Future months and period projections

•  Calculate, recalculate a different period in seconds

Your existing loans

•  The software can amortize fees from original dates or

•  Current general ledger and deferred fee balances can be preserved


Price page and free trial system ....

Click the link to open and view price page.
Free trial system available:
     Evaluate the software with your loans at no charge.
Price page

Excel template:
Request a free Excel template via email
     View required information regarding loans.
Free reports:
If desired, return the Excel template with two or three actual or sample loans.
We'll import, generate and return the same file with a set of monthly reports.

Amortization terms:
     Actual life of each loan
     Average portfolio life
     Other derived, modified terms   
 Calculate and aggregate monthly fee recognition to
The software will calculate:
     Hundreds of loans
     Hundreds of thousands of loans at the same time.
Early payoffs:
     The software recognizes the remaining deferral amount.
Curtailment, paydown, other partial reductions to loan balance principal:
     The software calculates a new effective interest rate.
     The software accelerates fee recognition proportionate to the reduction.
Rate changes:
     The software calculates a new effective interest rate.
     The software calculates a new payment.
Generate fee income and expense totals:
     For any month, year
     For any calendar or fiscal entire year
     For audit and examination periods
Loan ledger subsidiary account balance sheet report
General ledger upload posting file
Calculate from original loan dates or an "as of" begin date to preserve deferral balances from having used another process
Schedules:  Automatic lifetime fee amortization schedule for any loan
Audits:  Annual and other fiscal period reporting for audit and examinations
Customizing available for unique situations, new lending programs

Import all of your
     •  Existing loans with
            Current balances and
            Current rates
     •  New loans
     •  Early payoffs
     •  Sold loans, participations

Import file types
     •  .txt  (Tab delimited.  Other delimiters.  Field position, fixed length.)
     •  .csv  (comma delimited)
     •  .xlsx (Excel.  Many loan servicing systems already support extracting or downloading a loan file to Excel.)
     •  Other type files.  Flexible record layouts.

Modify a file
A "front end" module in the software allows for adjustments and customization, such as
     •  Set deferral amortization term to an average or experienced portfolio life instead of actual loan term
     •  Insert general ledger account numbers based on loan type or code
     •  Find values within a record layout - sixth data element imports as the required second element
     •  Change a value:  Import file interest rate of .0375 to 3.75
     •  Other needs and requests

How it works
The software calculates effective interest rates and amortizes deferred fee income and expense under FASB 91.
     Current principal balance for P&I amortizing loans is also calculated in order to determine loan interest income.
          Fee income and expense is amortized regardless of whether a payment is actually received.
     The software was designed for those on an accounting accrual basis:
          Whether a payment has been made or not, loan interest income is earned and recognized each month.
          As such, deferred loan fees should also be recognized (as opposed to recognition based on cash flow or transaction activity).

The software will automatically adjust for changes from a prior month to the current month.
     •  Different interest rate.
             The system will calculate a new effective interest rate and, for amortizing loans
             a new P&I payment using current balance, current rate and remaining term.
     •  Principal balance reduction other than through normal P&I amortization, such as paydown curtailments.
             The system compares its amortized principal balance to the imported current balance.
             If the imported balance is lower, the system recognizes the deferral by a proportionate amount
             and begins utilizing the imported current loan balance.  A new effective interest rate is also calculated due to a shorter payout term.
     •  New loans during the current month.
             An effective interest rate will be calculated for each new loan.
     •  Paid off loans, sold loans, participations sold.
             The system will recognize deferral balance in full or, for participation sold, a proportionate amount of the deferred fee.
     •  Loans which may have just "gone away".
             Many times, paid off loans are purged from the servicing file only at year end.
             Regardless of why a loan goes away, If any fee remains the system will recognize the deferral balance in full.

Records retention, audit and exam compliance
The software maintains a monthly Master File which will be saved for the current month.
     Master Files are used for comparing an import file to the previous month's file status.
     Master Files can also be imported at a future date to facilitate reporting for internal purposes, audits and exams.

 Effective interest rate calculation and accounting for an entire loan file

  •  Fee income amortization

  •  Cost, expense amortization

  •  Portfolio totals in a matter of seconds
          Total fee income
          Total fee expense
          For a month.  Quarter.  Calendar or fiscal year.
          Current, past and future periods

  •  Detail audit schedules
          Lifetime amortization and fee recognition schedule for any loan on demand

  •  Amortizing loans

  •  Interest only loans

  •  Balloon loans
          Interest only

  •  Loan amortization periods
          Recognize fees over the full term of the loan
          Recognize fees over an average life
               Amortize loans over an average life instead of a full term
               Apply to some loans or all loans

  •  Zero interest rate
          Some clients use this feature to amortize leasing fees

  •  No data maintenance or updating necessary

  •  Operates on
          Original loan and deferral balances
          Current loan and deferral balances

  •  Variable rates
          Supports rate changes

  •  Principal paydowns, curtailments
          Accelerated fee recognition due to paydown/curtailment/payoff

  Currently using another method?  Another system?  No system?
     The software can recalculate deferral balances for current and prior periods.
     Or, the software can preserve your current deferral balances.
               No general ledger adjustments necessary.
     Request a free demo.
     See how easy it is to amortize your own loan fees.

Flexible output ....
     •  View results on screen
     •  Send to local or network printer
     •  Copy and paste results to an Excel worksheet

Principal Balances
The system calculates the current principal balances for amortizing
loans "as of" the requested amortization month or period  (for MBS, pooled loans, syndicated packages, view this page)

Effective interest rate
The system calculates an effective interest rate under FASB 91 for each loan and
calculates a new effective rate for a rate change

Fee income and expense amortization
  •  Individual loan level
  •  File totals by category
  •  Lifetime amortization schedule for a loan

General ledger posting
  •  Subsidiary reports
  •  Journal voucher posting source document
  •  General ledger upload posting file

                            CHANGES during term ....
Rate changes
  •  Supports interest rate changes
  •  Effective interest rate recalculation due to a rate change
  •  The software calculates the new payment

  •  Supports partial paydowns and curtailments
  •  Accelerated recognition of deferral corresponding to reduction of principal

  •  Supports early payoffs
  •  Recognize deferred fee balance in full
  •  For payoff, sale, or otherwise disposed

New and existing loans
  •  New loans:  The system performs calculations using original loan information.
  •  Existing loans:
          1)  The system can "bring loans current" if original loan information is available.
                    Calculate a file for current and prior periods.
          2)  Or, the system can use current loan balances, current deferred fee balances and so forth.
                    The system can calculate a remaining term based on loan balance, rate and payment.

Amortize, recognize, account for and post
  •  Deferred loan fee income
  •  Cost, expense
  •  Finance charges
  •  Discounts and premiums 
        Interchange premiums and discounts with income and expense depending upon which they are to you

  •  Fixed rate
  •  Adjustable, variable rate (scheduled and "on demand" rate changes)
  •  Interest only
  •  Balloon term (can also be used as a portfolio average life term)
  •  Zero interest rate
  •  Non-amortizing loans (and loans with unscheduled or periodic principal reductions)

Unusual loans
  •  Loans your mainframe can't handle
  •  New products/loan offerings
  •  Unusual payback terms ....
        The software can be modified to meet specific client needs

Leases, too
  •  Utilize balloon and non-amortizing features to amortize leasing fees over lease term.
  •  Accommodates both zero interest rate as well as lease payments incorporating an interest rate.

Generate recognition and accounting reports
  •  Amortization and accretion
  •  Subsidiary listing with detail and totals
          Monthly recognition
  •  General ledger accounting
          Journal voucher posting source document
          General ledger transaction posting upload file

  •  Residential mortgages with origination fee income and expense
  •  Commercial loans, paper
  •  Loan packages, purchased or sold
  •  Consumer loans, automobile, other vehicles
  •  Dealer fees, indirect lending costs
  •  Other conforming, non-conforming loans

Custom modifications
  • Custom calculations and routines for new lending programs, unique situations ....

Many of our clients are
     •  CPA, accounting firms
     •  Auditors
     •  Asset management companies
     •  Financial advisors
View this page to see how they utilize the software
to calculate, audit or provide accounting services for client files

Simple to operate.
For monthly reporting:

1)  Import a file

2)  Calculate:
     -  Loan fee income and expense recognition for an entire file
     -  FASB 91 calculations and compliance
     -  All monthly accounting reports
     -  General ledger postings
     -  Lifetime amortization schedule for any loan
     -  In a matter of seconds!
      Enter loan data and fees.
      Download loan data from a mainframe.

 Export calculation results and reports to Excel.
      For internal use.
      Email to outside auditors.

 Records retention.
      Export reports to Excel.
      Or save loan worksheets with a unique monthly name.
           Import, calculate, report at any future date.

Download, automatically import loan files
to the software for FASB 91 fee amortization from

     •  Loan servicing systems
     •  Core processing mainframes
     •  Service bureaus
     •  "Off the books" manually serviced loans
     •  Other internal or external sources
         including premiums and discounts for purchased loans, packages serviced by others

During import, the software:
    Calculates effective interest rates
          Monthly fee income and costs amortization
          Calendar date selection determines effective month.
     For each record:
          Monthly recognition
          Deferral balance
          Book value carrying balance
          Summary totals of the above by category:
               Fee income totals
               Cost/expense totals

You can also:
     Generate amortized income and expense totals for a
          Calendar or fiscal year
          As of a prior or future period
     View a lifetime month by month amortization and fee recognition schedule for any record
     Copy and paste results elsewhere

Supports single or multiple paydowns.
     Curtailments, paydowns, participation sales.
     Put date and paydown amount in the file.
          The system will automatically accelerate deferred fee recognition for the paydown amount.
          A percentage of the paydown/loan balance will be used to recognize that portion of the deferral.
          A new effective interest rate will be calculated based on the new remaining term.
     Accepts multiple paydowns for the same loan.
          Including separate, multiple paydowns in the same month.
     Log paydowns 2 ways (or use both):
          Immediately following a loan number row.
          Grouped together within a "Changes" section.

Early payoff date column to recognize in full prior to end of anticipated term.

Rate changes:
     The software supports one rate adjustment.
      It also supports multiple rate changes.
          Put new rate and effective date in the file.
               Enter as many changes as occur.
          The system calculates a new payment and recalculates the effective interest rate.
     Log rate changes 2 ways (or use both):
          Immediately following a loan number row.
          Grouped together within a "Changes" section.

Loan types
     -  Fixed rate
     -  Adjustable
     -  Amortizing
     -  Interest only
     -  Balloon
     -  Zero interest
     -  Non-amortizing

Payment frequencies
     -  Monthly
     -  Quarterly
     -  Semi-annual and annual

•  FASB 91 Effective interest rate
•  Deferral amortization recognition
     -  Fee income
     -  Fee expense, cost
     -  Net of both when applicable
     -  For loan term or average life
•  All monthly accounting reports
•  GAAP, FASB compliant

Calculate deferral recognition and balances as of:
•  Current month
•  Prior month
•  Prior year end (fiscal or calendar)
•  Future month or year end
•  Range of future months for annual budget/forecasting

Trial Balance subsidiary ledger report
Detail and totals for
     •  Income
     •  Expense
     •  Accumulated
     •  Deferral balance
     •  Carrying amount (Accretion balance)
     •  Totals by category or general ledger account numbers

General ledger
     •  Journal Voucher posting source document
     •  Upload posting file
     •  Direct post to any chart of accounts
     •  Allocate selected or all recognition to revenue and cost centers

FASB 91 detail schedules
     •  Lifetime effective interest method amortization for each record

Available for
1) Loans at the individual loan level:
     -  Fixed rate, adjustable, amortizing, interest only (non amortizing) and balloon loans
     -  Monthly, quarterly, semi-annual and annual payment frequencies
     -  Mortgages
     -  Dealer fees, holdbacks, indirect auto lending expense
     -  P&I amortizing loans
     -  Balloon
     -  Interest only
     -  Average life term
     -  Callable

2) Groups and packages (fees treated as premium or discount using our Omnibus software):
     -  Individual rates, composite, dollar weighted
     -  Mortgage backed securities
     -  LSBOs
          Purchased loans
     -  Other packaged loans
          Held to term
          Average life
     -  Amortizing
     -  Irregular principal receipts stream
          Variable amounts
          Curtailments, payoffs
          Partial sales
     -  Weighted rate changes
     -  Interest only
     -  Monthly bulk origination, aggregate

Free trial system available:
     Evaluate the software with your loans at no charge.
Click to open  Price page

Excel template:
Request a free Excel template via email
     View required information regarding loans.
Free reports:
If desired, return the Excel template with two or three actual or sample loans.
We'll import, generate and return the same file with a set of monthly reports.

Just gathering information?
Our customer support department would be glad to answer your questions.
Call 1-800-245-8444 or email Support@fdssi.com
Other pages of interest ....
FASB 91 products page
Omnibus - Loan, bond packages FASB 91 amortization
Bond accounting FASB 91 amortization
Bond accounting straight line amortization
Bond issue costs FASB 91 amortization
Enter, calculate one record at a time calculator suite
CPA, auditor, financial advisor FASB 91 page
FASB 91 custom system
FASB 91 services offered

FASB 91 Loan Fee Amortization Software for Windows® PC, laptop, workstation and network sharing by
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