FASB 91 Indirect Lending Dealer Fees Amortization Software  

Financial Data Support Systems, Inc. 
Amortization Software Products
FASB 91 Originated Loans
FASB 91 Servicer Remittances LSBO
   FASB 91 Dealer Fees Amortization
FASB 91 MBS Packaged Loans
FASB 91 Merchant Cash Advances
FASB 91 Products Page
Bond  Purchasers, Effective Interest Method
Bond Purchasers,  Straight Line Method
Bond Issuers, Level Yield or Straight Line
Prepaid Expenses, Deferred Charges    
Deferred Income, Unearned Revenue
Fixed Assets, FF&E Depreciation    
Allocation to Cost Centers
Excel Worksheet Amortization
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GAAP, FASB compliant

Customization available for
     •  New loan products
     •  Unique loan files
     •  Special interfaces
     •  APP services
     •  Other requirements


FASB 91 Indirect Lending 
Dealer Fees file amortization software for originated loans  Purchased loans serviced by others   MBS packaged loans

Operates on
     PC, Laptop, Workstation
     Network sharing devices

Scroll down for price page and free demo

Hard to find

Dealer Fees

FASB 91 indirect lending accounting software for hundreds,
thousands of originated loans at the same time

    •  Originated loans, new and existing         Purchased loans serviced by others page
     •  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
  •  CPR - conditional prepayment rate, declining balance percentage
  •  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
               Typically for loan packages using a CPR (conditional prepayment rate)
     •  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
               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.

Available in a configuration to meet your needs ....

Configuration A:
Loans are NOT on a servicing system.

          Place loans and fees into an Excel template that comes with the software.
          Automatically import the Excel file with loans and up to 4 income and expense fees to the software.
          The software amortizes loan balances and fee recognition for the desired month.

Configuration B:
Loans and fees are both on a servicing system.

          Create an extract file from the servicing system each month containing loans and fees.
          Automatically import loans and up to 4 income and expense fees for each loan to the software.

Configuration C:
Loans are on a servicing system.
Loan fees are NOT on the servicing system.

          Create an extract file from the servicing system each month containing loans.
          Place loan numbers and up to 4 income and expense fees in an Excel Fees template that comes with the software.
                    The Excel Fees file can also contain debit and credit general ledger account numbers for each fee.
          Automatically import both loan file and Excel Fees file to the software which "matches"  loans and fees.
          More than 4 fees per loan?  The software can handle that, too.

Configuration D:
Loans and SOME fees are on a servicing system.
Additional fees are not.

          Create an extract file from the servicing system each month containing loans and whatever fees are on the servicing system.
          (if your loan servicing system handles FASB 91 amortization for some or all of its fees, exclude them from the extract file)
          Place loan numbers and additional income and expense fees in an Excel Fees template that comes with the software.
          Automatically import both loan file with some fees and Excel Fees file to the software which "matches"  loans and additional fees.

As a special APP
          Perhaps you just need FASB 91 software to provide some kind of interactive or unattended function during loan processing or servicing.
          You generate input data.  Launch APP which reads data and returns output for your processing.  APP opens and closes without intervention.

Other needs
    New loan type.  Software customization.
         The software is flexible with respect to processing and operational needs.
         Please contact us to discuss yours.
         1-800-245-8444 or
         email:   Support@fdssi.com

We also offer FASB 91 loan file amortization services
Do what others have done:
  Send us a loan file   View our NDA
  Get fee recognition and accounting reports

  Recurring basis:
       Send your file
       Receive a complete set of monthly reports and supportive documentation in Excel

  One time basis:
       Great for audit, due diligence, "What if" questions.
       Any month
       Range of months, past or future periods
       Entire calendar or fiscal year

Request more information  Support@fdssi.com    or  1-800-245-8444

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, too.

Or contact us with any questions.

     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 emailSupport@fdssi.com


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



Click to open and view Price page
     Download a free demo from the Price page, too.

Or contact us with any questions.

FASB 91 Loan Fee Amortization Software for Windows® PC, laptop, workstation and network sharing by
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