FASB 91 Loan fee amortization software
 
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                  Accounting Software  

Prepaid expenses, capitalized costs amortization

Deferred income, revenue recognition amortization

Fixed assets, FF&E straight line depreciation

Accrued expenses, future funding amortization

Loan origination fees
FASB 91 amortization software

  •  Highlights
  •  Import loan fee data stored in Excel
  •  Price
  •  Free demo
  •  GAAP, FASB compliant


FASB 91 compliance in a matter of seconds ....
  •  Effective interest rate calculation
  •  Monthly loan fee deferral amortization
  •  General ledger posting file
  •  Subsidiary ledger account reconciliation
  •  Detail lifetime schedule for any loan
  •  Annual recap for auditors/examiners

Purchased loans premium, discount amortization

Bonds effective interest method amortization, accretion

Bonds straight line method amortization, accretion

CPA, auditor, financial advisor page

FASB 91 effective interest method all products
         Financial Data Support Systems, Inc.
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PC, laptop, workstation and
shared network devices
running Windows®

Business, government, financial institutions, accounting firms ....
 



 
FASB 91 Loan Fees
Amortization and Accounting Software




Loan fee income, expense, discount, premium recognition at the individual loan level

  •  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



Purchased loans?  Packages?
     Premiums to amortize?
     Discounts?
     Click to view purchased loans, packages, MBS, LSBO,
     syndicated loans Omnibus loan premiums, discounts FASB 91 software




Our Loan Fee Amortization software was designed to handle ....

  •  Amortizing loans

  •  Interest only loans

  •  Balloon loans
          Amortizing
          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 recognition of deferral balance due to paydown/curtailment/payoff


























 Client testimonials ....

 I 'm not technically inclined but was able to install your software without any problems.
 Then I imported a worksheet containing our loans.
 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.
                            San Antonio, Texas

 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.
                              Long Island, NY

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























Price

Click to open and view Price page
          The price page offers a free demo


Please call us for ....


     •  System overview

     •  Calculation, screen images for one or two of your loans
               -  Import screen
               -  Fee amortization schedule

     •  Trial system
               -  Evaluate the software
               -  Import your loans to the software
               -  Run reports, view schedules
               -  Show results to auditors, examiners

     •  Custom requirements, special reporting, unique situations ....

     •  Other FASB 91 software we offer that might be more suitable to your operation

     Financial Data Support Systems, Inc.
     1-800-245-8444





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


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

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

Payoffs
  •  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



Methods
  •  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)



Krazy 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
          Accumulated
          Balances
  •  General ledger accounting
          Journal voucher posting source document
          General ledger transaction posting upload file
 


Types
  •  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 ....


 


 







Simple to operate.
Maintain loan fees in one or more worksheets.

For monthly reporting:
1)  Import a worksheet
2)  Select a calendar month and 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!
  Worksheets:
      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.

During import, the software:
    Calculates effective interest rates
    Provides:
          Monthly fee income and costs amortization
          Calendar date selection determines effective month.
     For each record:
          Monthly recognition
          Accumulated
          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
          Month
          Quarter
          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

Paydowns:
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.

Payoffs:
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
     -  Bi-weekly
     -  Quarterly
     -  Semi-annual and annual

Calculations
•  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

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

Reports:
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 in 2 versions, where a file consists of
1) Loans at the individual loan level:
     -  Fixed rate, adjustable, amortizing, interest only (non amortizing) and balloon loans
     -  Monthly, bi-weekly, 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
          Participations
     -  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


 

 
 





 


Price
Price page includes ....
     •  Stand alone and network sharing prices.
     •  Free demo
     •  Click to open and view price page


Questions?
Don't see what you need?
     We have other software not featured on our website.
     We can also tailor and customize the software.
1-800-245-8444
email Support@fdssi.com

Other pages of interest ....
FASB 91 products page
Calculator Suite - all calculator screens
Loan calculator - effective rate
Bond calculator effective interest method
Bond calculator straight line
Bond comparer - effective rate vs. straight line
Bond files effective rate
Bond files straight line
Loan files effective rate (this page)
Omnibus - loan packages, pools, syndicated, mbs
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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