FASB 91 Indirect Lending Dealer Fees Amortization Software

Financial Data Support Systems, Inc.  Amortization Software Products  Loan files: FASB Effective interest method Loan Pool Packages: FASB CPR, SMM Merchant Cash Advances FASB 91: All products Bond  Purchasers: Effective Interest Method Bond  Issuers: Effective Interest Method Prepaid Expenses, Deferred Charges     Deferred Income, Unearned Revenue Fixed Assets, FF&E Depreciation     Home page About, contact us FASB, GAAP compliant software

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. Hard to find (including custom) GAAP Amortization Software to run on a PC, Network sharing or Cloud based system supporting Windows Scroll down for      Highlights      Images      Price page      Free demo 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.   Available in these Configurations .... Configuration 1 Loans are on a service bureau or core system. Originated loans.  Serviced loans. Download/create an extract file in Excel each month.      Existing loans can be converted as of the current date      or a prior date.  Deferral balances can be preserved. Deferred fee income and expense can be:       A)  In the extract file.       B)  In a separate Excel "Fees" file which the software will            also import and "match" fees to loans.       C)  As a "Gross" amount for new loans which the software            will distribute on a dollar weighted basis to new loans. Multiple fees per loan.       Supports 1 to 4 different fees per loan.   Automatically import the Excel file to the software.      Amortize 1 deferral at a time.      Amortize all deferrals at the same time. Effective Interest Rates:      Calculates Effective Interest Rates for all loans      and each deferral. Totals provided for:      Original Deferrals      Current month income and expense recognition      Accumulated recognition      Deferral balances      Book Value NPV (Net Present Value) Verify results.      Create lifetime Deferral recognition schedule for any loan.      Export to Excel. Recalculation of Effective Interest Rate and NPV:      The software maintains a History file for prior months,      allowing it to detect and adjust for:      Rate changes.      The software changes the rate, calculates a new      payment and Effective Interest Rate      Excess principal reductions.           Software recognizes additional portion of deferral and           calculates a new Effective Interest Rate and NPV.      Payoff date or principal balance to 0.00.           Software recognizes remaining deferral balance. Missed, late payments:      The software operates on an accrual basis and thus      "makes" a payment and recognizes a deferral      as if a payment had been made even if Principal balance      has not changed from last month's History file balance. Monthly accounting reports:      General ledger subsidiary listing.      Journal voucher posting document.      General ledger upload posting file.      Export to Excel, Adobe. Note: Some clients send us their monthly file and we return their reports in Excel.  Configuration 2 Loans are maintained in an Excel file Enter loans and deferred fees in an Excel file we provide.     The software operates on an accrual basis and thus      "makes" a payment and recognizes a deferral      as if a payment had been made.      Principal balances do not need to be updated each month. Multiple fees per loan.       Supports 1 to 4 different fees per loan.   Automatically import the Excel file to the software.      Amortize 1 deferral at a time.      Amortize all deferrals at the same time. Effective Interest Rates:      Calculates Effective Interest Rates for all loans      and each deferral. Totals provided for:      Original Deferrals      Current month income and expense recognition      Accumulated recognition      Deferral balances      Book Value NPV (Net Present Value) Verify results.      Create lifetime Deferral recognition schedule for any loan.      Export to Excel. Recalculation of Effective Interest Rate and NPV:      Enter changes to the Excel file when a rate changes,      unusual reduction to Principal or Payoff.      Rate changes.      The software changes the rate, calculates a new      payment and Effective Interest Rate      Excess principal reductions.           Software recognizes additional portion of deferral and           calculates a new Effective Interest Rate and NPV.      Payoff date or principal balance to 0.00.           Software recognizes remaining deferral balance. Missed, late payments:      The software operates on an accrual basis and thus      "makes" a payment and recognizes a deferral      as if a payment had been made even if Principal balance      has not changed from last month's History file balance.      You do not need to update Principal balances each month. Monthly accounting reports:      General ledger subsidiary listing.      Journal voucher posting document.      General ledger upload posting file.      Export to Excel, Adobe.   Don't see what you need? We have other software and also support custom requests. 1-800-245-8444      email  Support@fdssi.com   Configuration 3 Purchased loans in a Servicer Remittance File Remittance file needs to be in or copied to Excel. Typical changes needing to be made to the file:      Insert 1 to 4 deferred fees for newly added loans.      (the software's History feature contains prior month fees) Automatically import the Excel file to the software. From that point on is the same as Configuration 1. Multiple fees per loan.       Supports 1 to 4 different fees per loan.   Automatically import the Excel file to the software.      Amortize 1 deferral at a time.      Amortize all deferrals at the same time. Effective Interest Rates:      Calculates Effective Interest Rates for all loans      and each deferral. Totals provided for:      Original Deferrals      Current month income and expense recognition      Accumulated recognition      Deferral balances      Book Value NPV (Net Present Value) Verify results.      Create lifetime Deferral recognition schedule for any loan.      Export to Excel. Recalculation of Effective Interest Rate and NPV:      The software maintains a History file for prior months,      allowing it to detect and adjust for:      Rate changes.      The software changes the rate, calculates a new      payment and Effective Interest Rate      Excess principal reductions.           Software recognizes additional portion of deferral and           calculates a new Effective Interest Rate and NPV.      Payoff date or principal balance to 0.00.           Software recognizes remaining deferral balance. Missed, late payments:      The software operates on an accrual basis and thus      "makes" a payment and recognizes a deferral      as if a payment had been made even if Principal balance      has not changed from last month's History file balance. Monthly accounting reports:      General ledger subsidiary listing.      Journal voucher posting document.      General ledger upload posting file.      Export to Excel, Adobe. Note: Some clients send us their monthly file and we return their reports in Excel.   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 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. Need FASB results today? We can send you effective interest method reports covering:      Prior months      Prior years      Current month - once or continual basis Many clients outsource their FASB, GAAP requirements to us for      •  One time calculations      •  Straight line "What if?" compared to effective interest method      •  Conversions      •  Due diligence      •  Custom requirements      •  Recurring monthly fee amortization, accounting and general ledger reports Simply send a file attached to an email or secure service. We'll process your loans and return an Excel Reports file with:      •  Fee income and expense recognition using effective interest method.      •  Detail and totals.      •  Subsidiary listing with subtotals by general ledger account, loan type or other category.      •  Journal voucher and general ledger posting file.      •  Lifetime loan fee recognition schedules. Let us know what you need:  1-800-245-8444      email  Support@fdssi.com FASB 91 indirect lending accounting software for hundreds, thousands of originated loans at the same time     •  Originated, purchased and sold loans, new and existing         MBS, CMOs Packaged Loans      •  Effective Interest Rate Calculation for all loans at the same time      •  Up to 4 user defined income, expense items per loan      •  Amortize Income and Expense for any month      •  Amortize using:                Original principal balances, rates, fee amounts and dates or                Current principal balances, rates and fee balances      •  Deferred fee income and expense general ledger Balances      •  Accumulated and Book Values      •  Monthly Recognition and Totals      •  Yearly recap (calendar or fiscal) Recognition and Totals including prior year(s) restatements      •  Changes during term:                Effective interest rate recalculation due to rate changes                Accelerated (additional) recognition of deferral for paydowns, curtailments, payoffs                Full recognition of deferral balance for early payoff      •  Audit and exams:                Month-by-month lifetime loan fee detail recognition schedules      •  Reports:                View on screen                Send to local or network printer                Send to Adobe pdf                Send to Excel  Supports all of these fee recognition methods at the loan level:   •  FASB 91 income, expense amortization over           Actual loan terms           Balloon terms - Interest only, P&I based on longer term, fixed principal reductions           Average portfolio life           Fee amortization periods reduced for other reasons   •  Straight line for non-FASB applicable   •  Other user defined methods   Amortize deferred fee income and expense for      •  Mortgage loans      •  Consumer loans      •  Commercial and other loans      •  Secured, unsecured      •  Purchased discounts/premiums at the individual loan level   at the package level      •  Monthly, quarterly, semi-annual and annual payments      •  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:                Interest only with a balloon                P&I over balloon period                P&I over longer term such as 5 year balloon with 30 year P&I                P&I over average portfolio life      •  Constant $Amount payment, such as lease payments      •  % reduction of remaining principal balance, such as 8.3% of this month's balance, then 8.3% of next month's balance      •  Fixed rate      •  Zero rate      •  Variable rate      •  360, 365, 366, 365/360      •  FASB, GAAP compliant      •  Customization available   Amortize 1 to 4 deferrals      •  Indirect lending charges      •  Dealer fees      •  Fee income      •  Points      •  Discounts      •  Expense      •  Closing costs      •  Other deferred items Import and amortize loan fees from      •  Core system, service bureau                Download your loan file with current balances to the software each month      •  Seller servicer remittance reports      •  Aires - credit union report      •  Manually serviced loans      •  Excel                A preformatted worksheet comes with the software.                Enter or copy loan data to the worksheet once and the system takes care of everything else                or                import the worksheet each month with current loan balances, rates, paid off loans, new loans ....      •  Other files and sources    Accrual basis accounting      •  Fee Recognition is NOT based on payment transactions      •  Fee Recognition occurs every month regardless of whether a payment was made because           interest income is accrued every month.    We offer all of the following: 1)  Software Fee amortization and accounting reports. Scroll down for more information, price page and free demo. 2)  Client Modules to satisfy your requirements Need something unique? Special interface? New loan product? Recognition method? Interactive App? Something else? No matter what kind of deferrals you need to amortize using the effective interest method:      Income      Expense      Discounts      Premiums      With up to 4 deferred amounts per record.      We can create a dedicated module to meet your requirements. Request more information  Support@fdssi.com   or  1-800-245-8444 3)  Outsourcing Send a loan file.  Have us:      Calculate effective interest rates, amortize fees and return a set of financial reports,                On a one-time basis or                Recurring monthly basis Request more information  Support@fdssi.com   or  1-800-245-8444 Now Available - FASB 91 services at a very low price SEND an Excel file containing basic information on loans including dealer fees and other deferred fee income and expense amounts. RECEIVE an Excel file containing multiple worksheets with reports including:      Effective interest rate calculations for loans listed in the same order as your file.      Subsidiary ledger listing with:           Subtotals by category or, if included in the file,           Subtotals by general ledger P&L + Balance Sheet Accounts      Journal voucher posting summary in Debit and Credit columns.      Fee amortization schedule for a couple of loans. Click to view FASB 91 Software As A Service page      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 Sample Reports Packet Request a free software overview containing:      Sample reports      Screen images      Price Mention any "must have" features and we'll include them with the samples. Send request to Support@fdssi.com   Already amortizing deferred fees?      The software can preserve current income and expense deferral balances.      No adjusting journal entries.  The software can also amortize deferred fees from original loan dates. Customization available Need something just for your operation? Many of our clients had us modify the software to satisfy:      •  Hybrid lending products      •  Special interface requirements      •  Read this, export that functions                Use the software as a "background tool" to facilitate an internal processing function      •  New loan programs      •  Unique repayment methods      •  Auditor requests      •  Other proprietary, industry and competitive needs Click here to Learn more        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 New!      Loans Serviced by Others      Amortize LSBO deferred fees using FASB 91      Import remittance report directly into software for monthly amortization and accounting reports      View  FASB 91 deferral recognition for purchased loans page 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                        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     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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