SAAS Software As A Service for FASB 91  

Financial Data Support Systems, Inc. 
Amortization Software Products
Loan Files: FASB Effective interest method
Loan packages: Effective interest method
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    
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GAAP, FASB compliant
 

Software As A Service for FASB 91 Loan Fees



SEND an Excel file containing basic information on loans including 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.




Scroll down for details, sample reports and price



Hard to find
(including custom)
GAAP
Amortization
Software to run on a
PC,
Network sharing or
Cloud based system
supporting Windows













FASB 91 loan fee recognition and reporting software for hundreds,
thousands of originated loans at the same time

     •  Originated 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 or entire year
     •  Amortize using original principal balances, rates, fee amounts and dates
     •  Deferred fee income and expense general ledger Balances
     •  Accumulated and Book Values
     •  Monthly Recognition and Totals
     •  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
    •  Complete set of reports in Excel


Amortize 1 to 4 deferrals per loan
     •  Fee income
     •  Points
     •  Discounts
     •  Expense
     •  Closing costs
     •  Indirect lending charges
     •  Dealer fees
     •  Other deferred items
 




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
 

Amortize deferred fee income and expense for
     •  Mortgage loans
     •  Consumer loans
     •  Commercial and other loans
     •  Secured, unsecured
     •  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  


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.
  

























































Keep it simple ....

Send a file with your loans and fees.
Receive a complete set of reports.

Send a file with hundreds, thousands of loans
     On a one-time basis or
     Recurring monthly basis

Price:
     Negotiated prices available including:
          Multiple files
          Additional requests such as yearly fee recognition totals
          Processing a monthly file downloaded from a service bureau, core or in-house system
          Other requirements you may have

Sample reports:
     Request the Excel template (below).
     Enter up to 5 sample loans into the template.
     Send the template to us and we will return a complete set of reports using your samples.


More information:
Click with questions or to receive an Excel template for your loans and fees which you can send for reports:  Support@fdssi.com
Or call 1-800-245-8444 (Eastern time)




 
  FAS91 Software Services
Software for Windows® on a computer, laptop, shared network and cloud based systems
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