Omnibus: FASB 91 accounting software for MBS mortgage backed securities

                    SOFTWARE  PRODUCTS 
Financial Data Support Systems, Inc.
   Accounting
       Amortization
           Software
 
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  FASB 91 - all products
 
  LOAN FILES - FASB 91 deferred fees income and expense amortization
  OMNIBUS - MBS, LSBO, loan packages fees, premiums, discount amortization
  BOND ISSUER ACCOUNTING SOFTWARE - premiums, discounts, issuance costs
  BOND PURCHASER ACCOUNTING SOFTWARE - effective interest method
  BOND PURCHASER ACCOUNTING SOFTWARE - straight line method
 
  PREPAID EXPENSES - monthly amortization and reporting
  DEFERRED INCOME - monthly amortization and reporting
  FIXED ASSETS, FF&E - monthly depreciation and reporting
  NON-MONTHLY - daily, days, weeks, other periods amortization and reporting
  DEALER FEES - FASB 91 software for indirect lending charges
  l



FASB, GAAP compliant

Individual loan level
Bond amortization

FASB 91 software to amortize premiums and discounts for MBS,
LSBO, purchased loan packages


FASB 91 monthly accounting software for dozens, hundreds of records ....
     •  Effective interest rate calculation
     •  Premium, expense amortization
     •  Discount, income accretion
     •  General ledger, journal voucher, upload posting files
     •  Allocate income, expense to multiple cost, revenue centers
     •  Subsidiary account balance reporting


Monthly recognition, accounting and reporting for
     •  MBS bonds, mortgage backed securities
     •  ABM asset backed mortgages
     •  Packaged loans
     •  LSBO
               Participations and
               Whole loans
               Originated
               Purchased
     •  CMOs  collateralized mortgage obligations
     •  Syndicated loan pools
     •  Non-conforming loans
     •  Distressed, substandard assets
     •  Unusual loans, heavily discounted sales and more



Effective interest method software to
     •  Calculate effective interest rates at the package level 
     •  Amortize fees, premiums and discounts each month
     •  Accelerated recognition of deferral balance due to
        par/principal repayments
     •  Recalculation of effective interest rate
     •  Subsidiary ledger listing with general ledger subtotals
     •  General ledger posting totals







"We just went through this year's annual audit using your software.  For the first time ever, our outside auditors gave us a clean report.  Not a single footnote to our financials!   Thank you."
                             New York

"We used to spend days at the end of each month recalculating effective interest rates due to rate changes coupled with principal paydowns. Your software does that for us now.  And a lot more.  All in a matter of seconds."
                           New Mexico


































Options for existing fee, premium and discount balances

Option 1
        Preserve your existing book values.
        No restatement or adjusting journal entries necessary.
        The software can begin amortizing current fee, premium and discount balances.
 

Option 2
         Calculate prior and current book values.
         The software can amortize premiums and discounts from original dates using original information.


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













                                          EVALUATE THE SOFTWARE AT NO CHARGE



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





Free set of monthly reports
Request a free Excel template via email
     Return the Excel template with two or three actual or sample records.
          •  Include any questions or special requirements
     We'll import, calculate, generate and return the same file with
     more tabs containing a complete set of monthly reports.



Questions?
1-800-245-8444
Support@fdssi.com








 


 
 
 
 
 
 
OMNIBUS
FASB 91
     •  Fee amortization,
     •  Premium amortization and
     •  Discount accretion software for
MBS, LSBO and other purchased and packaged loans
FASB 91 mortgage, consumer, dealer fee loans page
Bonds, FASB 91 effective interest method page

 





 FASB 91 effective interest method recognition software for

     •  MBS bonds, mortgage backed securities

     •  ABM asset backed mortgages

     •  Packaged loans

     •  LSBO
               Participations and
               Whole loans
               Originated
               Purchased

     •  CMOs  collateralized mortgage obligations

     •  Syndicated loan pools

     •  Non-conforming loans

     •  Distressed, substandard assets

     •  Unusual loans, heavily discounted sales and more




 

We just went through this year's annual audit using your software.
For the first time ever, our outside auditors gave us a clean report.
Not a single footnote to our financials!
Thank you,
                             New York


We used to spend days at the end of each month recalculating effective
interest rates due to rate changes coupled with principal paydowns.
Your software does that for us now.  And a lot more.  All in a matter of seconds.
                           New Mexico


I had to calculate a client's MBS portfolio going back 7 years and have no
idea how it could have been done so quickly without using your software.
                           Michigan




FASB 91 compliance software that imports all
packages from an Excel file with:
     •  Package numbers, seller name, code, other identifier
     •  Begin/settlement date/purchase date
     •  Maturity date
     •  Par, principal amount
     •  Coupon/earnings/package rate
     •  Price, premium, discount, other fee adjustment to par

Create the file once.
Update monthly with current balances or reductions.

Recognize dozens, hundreds, thousands of
income and expense deferrals
     •  Monthly recognition and reporting in a matter of seconds
 



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




The software will

•  Calculate effective interest rates

•  Amortize premiums, discounts, other deferred fee income and expense under FASB 91

•  Amortize all records at the same time

•  Provide detail amortization schedules for auditor, examiner queries

•  Generate file totals
          Total fee income
          Total fee expense
          Net:  Income minus Expense

•  Furnish general ledger posting and subsidiary account balancing
 











Need FASB 91 calculations NOW?


Don't have time to evaluate software?
But need fee amortization and reports?
     •  Income
     •  Expense
     •  Book values
     •  Totals
     •  For a month
     •  For an entire year
     •  Audit, regulatory support schedules
View our
STSL - Short Term Software License page










Easy to operate

•  Set up your records once

•  On a monthly basis, update with either
          Current package balances or
          Reductions to par/principal for the month

•  That's all there is to it




Automatic adjustments for 

•  Reductions and remittances in fluctuating amounts

•  Irregular, staggered paydowns, reductions to par, principal

•  Early payoffs

•  Sales, full or partial

•  Rate changes




A proven system for small and large files

•  Evaluate the software with your records at no charge

•  Qualified assistance regarding unusual requirements

•  Software customization for unique needs

•  FASB, GAAP compliance without spending a fortune




Complete monthly fee accounting and reporting

•  All monthly financial and accounting reports

•  Subsidiary ledger listing with subtotals by general ledger account
          P&L totals
          Balance sheet totals

•  Debit and credit column journal voucher

•  General ledger posting file

•  Cash flow projections and other managerial, audit reporting

•  View reports

•  Send to local or network printer

•  Export schedules and reports to Excel




Your existing records:

•  Convert and preserve recognition, accumulated and book values in order to maintain general ledger status.

•  Or, the software can recalculate records from their begin dates employing the effective interest method.






 


 




Price page and free demo  ....

Click the link to open and view price page
     Evaluate the software with your records at no charge.

Price page


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





 Account for

  •  Loan packages - secondary market
          Fixed rate
          Variable rate
          Amortize over
               Actual life
               Estimated, average life

•  Bonds - corporate, government, other premium and discount instruments
          Variable rates, floating rates
          Unusual terms or conditions
          Reductions to par due to partial sale, other reasons
          Bonds without rate change or paydowns, too
 
  •  Syndicated loans, bulk loans, pools ....

  •  Mortgage backed securities
          MBS
          CMOs

  •  Purchased loans

  •  LSBO
          Participation and whole Loans Serviced By Others

  •  Participation loans sold

  •  Discounted cash advances

  •  Originated loan groups
          Grouped by month of origination or other criteria
          Weighted average rates, terms, fees (as discount or premium)

  •  Hybrid loans
          Fee income and expense are treated as discounts and premiums
          as an adjustments to par, principal, face value such as merchant loans, other advances

  •  Other assets or liabilities with
          Premium, discount, fee income, expense, cost, charges ....
          Periodic, irregular reduction in value
          Coupon rate, interest rate, earnings rate or rate of zero
          Variable rate changes
          Maturity date or a Term in months
          Par, principal paydown reductions, curtailments
          Payoffs
          Partial sales
          Maturity date/remaining term decrease or increase
 


The software will

 •  Calculate FASB 91 effective interest rates
          Calculate for initial values
 
•  Recalculate effective interest rate due to a paydown, rate or other changes

  •  Determine monthly recognition of
          Income
          Expense

  •  Journal voucher preparation with offsets to balance sheet accounts

  •  Report general ledger balances for
          Par/principal balance
          Premium deferral balance
          Discount deferral balance
          Carrying amount /book value

  •  Accelerate deferral recognition due to paydown/partial sale

  •  Prepare a complete set of accounting reports
          View on screen
          Send to printer
          Export schedules and reports to Excel
          Upload file with general ledger debits and credits
          Direct post or allocate to revenue and cost centers
          Supports calendar and fiscal year periods

  •  Produce a detailed recognition schedule for each record
          Normal month to month premium, discount amortization recognition
          Accelerated discount, premium recognition for principal paydown, curtailment, partial sale, payback reductions

  •  GAAP, FASB compliant
          Generate, export audit and examination reports




Excel Template
The software comes with an Excel worksheet template.
     -  Maintain records in the worksheet
     -  Update with monthly or other frequency changes
     -  Make copies of the worksheet to maintain multiple, segregated files
At any time, automatically import the worksheet.
The software:
     -  Determines premium or discount amount
     -  Calculates and recalculates FASB 91 effective interest rates
     -  Based on selected dropdown calendar month, provides:
               •  Monthly premium or discount recognition for each record
                     -  Normal recognition plus
                     -  Accelerated recognition due to paydown reductions
                     -  A detail schedule for each record provides exact breakdown and how calculated
               •  Accumulated recognition
               •  Deferred premium or discount balance
               •  Book value carrying balance
               •  Detail recognition schedule
          Summary totals of the above by category:
               •  Premium totals
               •  Discount totals
               •  All accounting reports
               •  General ledger postings and upload file using any chart of accounts
     -  View reports.  Print reports.  Export to Excel.



More about accounting and reporting ....

•  Maintain records in
     -  A single worksheet
     -  Multiple worksheets to segregate records
     -  Also applicable for records where par is not subject to reduction - mix or segregate

Import dozens, hundreds, thousands of records with:
     •  Cusip or your assigned IDentifier
     •  Par, principal balance
     •  Purchase/settlement/begin date
     •  Maturity date
     •  Coupon/interest/nominal rate
     •  Price (Par +premium or -discount) = initial carrying balance
          As $Dollar amount or %Percent
          Premium, discount can be loan fee expense, fee income
          Software establishes premium/discount amount
     •  Conversion balances, if desired
     •  Supports calendar and fiscal year
     •  Adjustments which may occur.
          Maintained in sets of 5 columns for each month:
               Nominal rate change
               Par/balance paydown reduction, partial sale amount
               Day of month for old days, new days recognition
               Additional fees, expenses
               Maturity date change
     •  If no changes occur, nothing need be entered
     •  Software also amortizes records that don't experience changes
     •  Maintain records in one Excel worksheet or segregated files


Premium, discount, fee income and expense recognition
 
•  FASB 91 effective interest rate calculation
  •  Premium, fee amortization to income or expense
  •  Discount, fee accretion to income or expense
  •  Accelerated premium, discount, fee recognition for par/principal reduction



Automatic effective interest rate recalculation when ....
  •  Coupon/note rate changes
  •  Reductions to par/principal due to
          Remittance paydowns - regular and unscheduled
          Partial sale, assignment
          Accelerated premium and discount recognition to recognize reductions
  •  Increases to par/principal
  •  Maturity date
          Shorten remaining term
          Increase remaining term
  •  Additional fees

 






 
Price
Click to open  Price page


Excel template:
Request a free Excel template via email
     View required information regarding records.
Free reports:
If desired, return the Excel template with two or three actual or sample records.  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
Loan origination fees 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 discount and premium effective interest method amortization
 software for Windows® PC, laptop, workstation and network sharing by
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