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Loan Packages: FASB,
GAAP
Effective interest
method software for
MBS, GNMA, LSBO, CMOs,
other pooled and packaged
loans
Premium,
discount and
other deferred
fees
amortization,
NPV calculations
for:
Purchasers and Seller Servicers
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GAAP accounting amortization and reporting for dozens, hundreds
of
loan packages at the same time
• Effective
interest rate calculation
• Premium/Fee
Expense
amortization
• Discount/Fee Income accretion
• General ledger reports and monthly postings
•
Auditing tools
• Excel file to maintain your
records and easily update principal
balances on a monthly basis
Excel file
The software comes with an Excel
template formatted to accept data
regardming your instruments.
Convert existing records and maintain
current book value.
Add new records at any time.
An ideal solution for
• MBS portfolio
• GNMAs,
Fannie Maes, ABMs, CMOs, other pools and
packaged loans
• LSBO
Participations
Whole loan packages
• Syndicated loans
• Non-conforming
individual loans
• Other premium and discount
investments with structured or
fluctuating payback
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Your Existing
Deferral Balances
• The software can amortize premiums and
discounts from original dates.
• Or, if you have been amortizing premiums and
discounts using another procedure,
the software can preserve your
current deferral balances and amortize them
forward.
Changes during term
Initial Effective Interest Rate
calculations and amortization supporting
changes during term:
Effective interest rate recalculation and
NPV (book
value) adjustment arising from a
Decrease to Par Principal
balance - typically due to monthly
remittance
Increase to Par Principal
balance - typically due to an
advance, fulfillment
Increase to Discount Fee
Income or Premium Fee Expense
Rate change
Term/Maturity Date change
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