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FASB, GAAP compliant software
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Loan Files: FASB
91 Effective interest
method software for
Dealer Fees
Deferred fee income and
expense amortization
Effective Rate and NPV
calculations
at the loan level:
Originated loans
Purchased Loans at the individual loan level
Seller Servicers - Generate, distribute FASB
recognition reports to
investors
Debt tracking - With or without fees, calculate
principal balances for
current and future dates
Import your loan file to
the software
Generate GAAP, FASB
income and expense
recognition - prior
months, current month,
budget projections.
Monthly general ledger postings, subsidiary listing,
journal voucher and
debit, credit postings.
Audit schedules -
produce a lifetime fee
amortization schedule
for any loan.
Accrual based recognition
The software "takes" a
payment due whether or
not actually paid.
Automatic adjustments
to Effective Rate, NPV
for:
Rate changes and additional reductions to principal
which also recognizes
more deferral.
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Hard to find
(including custom)
GAAP
Amortization
Software to run on a
PC,
Network sharing or
Cloud based system
supporting Windows
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Existing loans:
Use a Conversion file to preserve
fee income and expense balances
as of the conversion month:
• Convert at any time:
• Convert as of last month,
end of prior fiscal year, some
other month.
No Conversion fee balances?
• The software can amortize fees from the
loan's original date forward.
Been using straight line or another method on a Gross monthly fees basis?
• The software can distribute gross deferral
balances to individual loans
using Dollar Weighted principal
balances.
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Available in these
Configurations ....
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Price and free demo |
Click to open and view Price page
Download a free demo from the Price page which
includes:
• A live version of the software
• Sample records
• Ability to run all reports
Or contact us with any questions.
1-800-245-8444
Support@fdssi.com
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Loan
files can be:
Excel worksheet
Service
bureau extract
Core
system download
Seller
service remittance
report ...
New
and
Existing loans
For existing loans:
Retain existing deferral balances and start using effective interest method
forward.
Start now or as of a prior date.
Calculate income
and expense recognition
for
prior month(s), prior year(s).
Loan Fee Income
and Expense can be:
A) Known amounts which
are included in the loan
file.
B) Known amounts
which are not included in
the loan file.
The software can "match"
Fees from an Excel file
and assign them to each
loan during the import
process.
C) Gross amounts which need
to be assigned to each
loan:
Some fees might be
billed to you as a single
amount covering all
services for the month
(not broken down by
individual loan).
Simply assign a single
amount to be distributed
to some or all new loans.
The software will
calculate a Dollar
Weighted Average for the
sum of principal and
distribute the percentage
of applicable loan's principal
divided by sum and
assign the result.
D) Combinations of the
above.
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Free
sample reports for YOUR loans
• We can provide you with free report
samples for up to 15 of your loans
• Request our Excel loan data layout file
• Email the file
• We will generate and return an email with an
Excel file containing your
reports
Click to request the Excel loan file via
email:
Support@fdssi.com
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CUSTOM
SOFTWARE and FILE CALCULATION SERVICES
Unique situation?
Unusual records? New type
of fees?
Different file layout?
File source?
Special internal or regulatory report?
Different configurations of the software or
other products we offer may already meet your
needs.
If not, we can write custom code
and embed your private
module within the existing
nuts and bolts portion
of the software.
File
calculation services:
We can also calculate a file and provide
recognition reports on a one time or recurring
basis.
For more information, 1-800-245-8444 or email
Support@fdssi.com
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Prices |
Click to open and view Price page
Download a free demo
from the Price page, too.
Or contact us with any questions.
1-800-245-8444
Support@fdssi.com
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