Dealer fee loan files - effective rates and reports

                    SOFTWARE  PRODUCTS 
Financial Data Support Systems, Inc.
   Accounting
       Amortization
           Software
 
  Home page
  About, contact us
  FASB 91 - all products
 
  LOAN FILES - FASB 91 deferred fees income and expense amortization
  MBS, GNMA, LSBO, LOAN PACKAGES - FASB 91 premiums, discounts amortization
  BOND ISSUER ACCOUNTING SOFTWARE - premiums, discounts, issuance costs
  BOND PURCHASER ACCOUNTING SOFTWARE - effective interest method
  BOND PURCHASER ACCOUNTING SOFTWARE - straight line method
 
  PREPAID EXPENSES - monthly amortization and reporting
  DEFERRED INCOME - monthly amortization and reporting
  FIXED ASSETS, FF&E - monthly depreciation and reporting
  NON-MONTHLY - daily, days, weeks, other periods amortization and reporting
  DEALER FEES - FASB 91 software for indirect lending charges
  l




                 FEATURES

FASB, GAAP compliance for:
  •  Current month, future months
  •  Prior months, restatements
  •  Monthly and annual totals
  •  Calendar and fiscal years

Import loans to the software from:
  •  Excel
  •  Core system
  •  Service bureau files

Dealer fees accounting:
  •  Effective interest rates
  •  FASB 91 recognition
  •  Expense amortization
  •  Income amortization
  •  Accumulated
  •  Deferral balances
  •  Principal balances
  •  Book value
  •  Totals for all

Changes:
  •  Rate changes
  •  Paydown curtailments
  •  Early payoff, sale

General ledger:
  •  Subsidiary account listing
  •  Schedule with totals
  •  Journal voucher
  •  Posting totals

Excel interface:
  •  Export loans, reports
  •  Email loans, reports
  •  Archive as pdf, too

Support:
  •  Software training
  •  Documentation
  •  Customization available

Install to your computer:
  •  PC, laptop, workstation
  •  Shared network drive
  •  Not "cloud based"

Software licenses:
  •  Permanent
  •  Short term - special projects

Evaluation:
  •  Price page
  •  Free demo
  •  Free sample reports
  •  File calculation services










 
Thank you so much for your help.
 It’s so refreshing to talk to someone who understands! 
          California


 Our outside accountants just completed their audit.
This is the first year we've been using your software AND the first year we received a clean audit report.
          New York



We have been utilizing FDSSI software to the fullest and we are so excited that we have it to do the calculations for us!
          Florida


I'm not technically inclined but was able to install your software without any problems.
Then I imported my loan file.
Your software performed all the calculations and totals we need in a matter of seconds.
I can't believe how much work it's going to save us each month.
          Texas


A HUGE thank you for going the extra mile plus!!!!!!!
          Minnesota


Thanks.  Your customer service is fantastic!  Have a great week.
          Washington


Dealer Fees FASB 91 Accounting Software
     Deferred Income and Expense Amortization for a Loan File








Fee recognition and reporting for hundreds, thousands of loans
     •  Indirect lending charges
     •  Dealer fees
     •  Fee income
     •  Points
     •  Discounts
     •  Expense
     •  Closing costs
     •  Premiums
     •  Other deferred items
     •  Secured, unsecured loans
     •  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:
           P&I over balloon period
           P&I over longer term such as 5 year balloon with 30 year P&I
           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
     •  Customization available


Supports loans from:
     •  Excel worksheets - enter loan data once and the system takes care of everything else
     •  Core system - download your loan file to the software
     •  Service bureau
     •  Manually serviced loans
     •  Purchased discounts/premiums at the individual loan level
     •  Other files and sources
     •  Up to 4 unique income/expense items per loan


Software is available as:
     •  Purchase or
     •  Special project, short term use


Generate:
     •  Effective interest rate calculation
        (also utilize straight line for designated loans)
     •  Effective interest method amortization of
           Fee expense and
           Fee income
     •  General ledger, journal voucher, monthly upload posting files
     •  Allocate income, expense to multiple cost, revenue centers
     •  Subsidiary account balance reporting
     •  Lifetime fee recognition audit schedules
     •  Prior period calculations
     •  Future income, expense projections
     •  FASB 91 Custom coding
     •  Custom reports
     •  One-time file calculation services
     •  Recognize current and prior periods
     •  Forecast future period recognition




Special Features ....


Multiple fees per loan

     •  Amortize from 1 to 4 deferred income and expense items per loan.

     •  Produce a month-by-month lifetime FASB 91 fee recognition schedule
        for each income or expense fee.  A handy feature at audit time.

     •  Each fee can have its own set of general ledger account numbers.
        Or, leave account numbers blank and the system will assign default values.

     •  Amortize one set of fees at a time.
        Amortize all fees at the same time.



Interest rate changes

     •  The system calculates a new effective interest rate.

     •  The system calculates a new P&I.



Reductions to principal in excess of P&I amortization

     •  Typically due to principal paydowns and curtailments.
 
     •  The system recognizes an additional portion of the deferred
        income or expense for each of the 1 to 4 deferred fees.

     •  The system adjusts deferred income and expense balances
         plus principal and book value accordingly.



Early payoff.  Sale of loan.  Principal drops to zero.

     •  The system recognizes any remaining deferred income or
         expense balance for each of the 1 to 4 deferred fees.











  Related Products ....
  BOND PURCHASERS - straight line method
  BOND ISSUERS - premiums, discounts, issuance costs
  MBS, GNMA, LSBO, LOAN PACKAGES - FASB 91 premiums, discounts amortization




 
























 
                                SOFTWARE LICENSES

The software is available under two licensing arrangements.


Permanent license:
Purchase the software and use on your PC or network sharing device just as you would buy and use other software.


Short Term license:
Obtain a Short Term license to reduce the cost involved of handling a special project for yourself or a client.
     •  Includes all features of the Permanent license
     •  Get the answers to "what if?" questions
     •  Recalculate prior years under FASB 91
     •  Restate balance sheet and P&L
     •  Migrate loan fee amortization from straight line to FASB 91
     •  Other requirements you may have
   
 



































SPECIAL FEATURES

     •  Individual loan schedules:
               Automatically generate a lifetime fee recognition schedule for any loan at any time.
               View, print, save in Adobe, save in Excel


     •  Delinquents, non-payment:
               The software continues the payment stream regardless of non-payment activity.
                    (this is accrual based and not a transaction based fee recognition system)
               Deferred fee recognition continues to occur.
               This logic remains consistent with loan interest income being accrued (earned).
               The software will continue recognizing a deferral on a delinquent loan until overt, other action is taken.


     •  Multiple fees:
               From 1 to 4 unique fee income or expense items per loan.
               Each fee can be assigned its own set of general ledger debit and credit accounts (or default to system generated numbers).


     •  Partial paydowns, curtailments:
               The software recognizes an additional portion of deferred income, expense balance attributable to the principal reduction.


     •  Early payoffs:
               The software will recognize deferred fee balances in full when
                    Principal balance goes to zero or
                    An "Early payoff date" is encountered or
                    When importing from a loan servicing system, the loan is "gone" (for which a report will be provided and loans flagged accordingly).


     •  Rate changes:
               The software calculates a new effective interest rate.
               The software calculates a new payment.


     •  Months to calculate fee recognition:
               Ability to
                    Recognize deferred fees for a single month and
                    Recognize deferred fees for a span of 2 months through 12 months.
                    Begin a period with any current, prior or future month/year


     •  Expense:
               A display option can show expense recognition as negative in order to readily distinguish between expense and income














Existing loans and deferral balances:

Option 1
        Preserve your existing book values.
        No adjusting journal entries.
        The software can begin amortizing deferred fee income and
        expense balances using current loan information.


Option 2
         Calculate prior and current book values.
         The software can amortize deferred fee income and expense
         from original dates using original loan information.


Option 3
          Begin amortizing from an "as of" date.
         Typically the beginning of a calendar or fiscal year using
         prior EOY balances. 











                               PRICE PAGE AND FREE DEMO



Price page and free demo
Click to open and view Price page
     The price page also contains information on obtaining a free demo.
Purchase the software or
Request the price of a Short Term License
          Ideal for special projects and other temporary needs


Questions?
1-800-245-8444
Support@fdssi.com












                                          REPORTS




Free set of monthly reports - your loans
Send an email requesting a free Excel template.
     Add a few of your loans to the file (exclude proprietary data).
     Return the file to us.
     We'll calculate your loans, generate reports and return the same file with
     multiple worksheets demonstrating various capabilities of the system.
     Email  free Excel template


Dealer fees file calculation services
We can calculate a loan file on a one-time basis.
Deferred fee income and expense amortization for a month.
For an entire calendar/fiscal year.
Reports and supportive data are provided in Excel.
Typical turn-around time is less than 2 hours.
For more information, Email  Loan file calculation services













                        FASB 91 CUSTOM CODE

Unique situation?
Unusual records?  New fees?
File layout?  Source?

Different configurations of the software or other products we offer may already meet your needs but, if not, we can write custom code and embed your private module within the existing nuts and bolts portion of the software.

1-800-245-8444
Support@fdssi.com
 







 





 
 
 
 
 

 

FASB 91 for indirect lending dealer fees software
Mortgage and other types of loans page
MBS, LSBO, syndicated loan packages page



Amortize hundreds, thousands of loan dealer fees in files from a

     •  Loan servicing system

     •  Core, in-house computer

     •  Service bureau

     •  Excel worksheet
               Typically for smaller files, manually serviced loans, non-automated processing

     •  Other spreadsheets and file types

     •  Custom files and programming requirements



Amortize
     •  Dealer fees
     •  Fee income
     •  Points
     •  Discounts
     •  Expense
     •  Charges
     •  Indirect lending dealer fees
     •  Closing costs
     •  Premiums
     •  Other deferred items



Effective interest rate calculation for each loan



Recognition of deferred fee income and expense under FASB 91
     •  Current month
     •  Prior months and years
     •  Future months
     •  Annual projections



Detail schedules
     •  Month by month recognition for the life of a loan
     •  Support for auditor, examiner queries



Account for multiple fees
     •  Up to four (4) distinct fees per loan



Start amortizing "as of" whatever month you want
     •  Start "as of" now
               Preserve your existing deferred fee income and expense general ledger balances
               No adjusting journal entries
        OR
     •  Start "as of" a prior month, prior year
               Recalculate income, expense and deferral balances from a prior period forward



Accrual accounting - not a transaction based system
     •  Monthly fee recognition is tied to loan interest income
               Interest received and
               Interest accrued
               Fee recognition occurs every month



Effective rate recalculation for rate changes



Accelerated recognition of deferral balance due to
     •  Principal reductions due to paydowns, curtailments
     •  Early payoffs



Loan file totals
     •  Total fee income - monthly and annual
     •  Total fee expense - monthly and annual
     •  Net:  Income minus Expense



Subsidiary account balancing



General ledger
     •  Journal voucher
     •  Upload transaction posting file




Need FASB 91 loan calculations NOW?

Don't want to buy software?

Do what others have done:
     •  Send your file attached to a secure email
     •  We can
               Import your loans to the software
               Perform any necessary changes or file clean-up
               Amortize deferred loan fees for any period
               Return a complete set of reports in Excel
     •  Reports can be generated
               One time basis
               Recurring basis

Please call 1-800-245-8444
or email






An affordable, proven system for small and large loan files

•  Different versions to meet different operational needs

•  Evaluate the software with your loans at no charge

•  Qualified assistance regarding unusual requirements

•  Software customization for unique needs

•  FASB, GAAP compliance without spending a fortune




Amortize deferred income and expense for

•  Mortgage loans

•  Consumer loans

•  Commercial loans, notes

•  P&I amortizing loans

•  Balloons as interest only with a balloon payment

•  Balloons with partial P&I amortization at a longer term during the balloon term (supports average portfolio life fee amortization)

•  Interest only loans

•  Interest only with periodic constant amount reductions to principal such as scheduled quarterly principal repayments

•  Fixed rate

•  Zero rate (typically for amortizing up front leasing charges)

•  Variable, adjustable rate
          Effective rate recalculation with each rate change

•  Interest calculations at 360, 365, 366 actual days, 365/360 ....

•  Full recognition due to early payoff

•  Paydown, curtailment accelerated fee recognition

•  Effective interest rate recalculation due to paydown reduction






Complete monthly fee accounting and reporting for ....

•  All monthly financial and accounting reports

•  Subsidiary ledger listing with subtotals by general ledger account
          P&L totals for each distinct fee
          Balance sheet totals for each distinct fee

•  Debit and credit column journal voucher

•  General ledger posting file

•  Complete monthly reporting and accounting in a matter of seconds

•  Lifetime month by month amortization and fee recognition schedules for each loan

•  View schedules and reports

•  Send to local or network printer

•  Export schedules and reports to Excel






Loan fee recognition and totals for

•  Current month

•  Current period ranging from 1 to 12 months

•  Prior months

•  Prior accounting and audit periods.  Annual totals.

•  Future months and period projections

•  Calculate, recalculate a different period in seconds





Your existing loans

•  The software can amortize fees from original dates or

•  Current general ledger and deferred fee balances can be preserved






Price page and free trial system ....

Click the link to open and view price page.
     Free demo to evaluate the software with some of your loans.
Price page
Purchase the software or
Request the price of a Short Term License
          Ideal for special projects and other temporary needs



Free set of monthly reports - your loans
Send an email requesting a free Excel template.
     Add a few of your loans to the file (exclude proprietary data).
     Return the file to us.
     We'll calculate your loans, generate reports and return the same file with
     multiple worksheets demonstrating various capabilities of the system.
     Email  free Excel template


Dealer fees file calculation services
We can calculate a loan file on a one-time basis.
Deferred fee income and expense amortization for a month.
For an entire calendar/fiscal year.
Reports and supportive data are provided in Excel.
Typical turn-around time is less than 2 hours.
For more information, Email  Loan file calculation services




Amortization terms:
     Actual life of each loan
     Average portfolio life
     Other derived, modified terms   
 Calculate and aggregate monthly fee recognition to
     Income
     Expense
The software will calculate:
     Hundreds of loans
     Thousands
     Hundreds of thousands of loans at the same time.
Early payoffs:
     The software recognizes the remaining deferral amount.
Curtailment, paydown, other partial reductions to loan balance principal:
     The software calculates a new effective interest rate.
     The software accelerates fee recognition proportionate to the reduction.
Rate changes:
     The software calculates a new effective interest rate.
     The software calculates a new payment.
Generate fee income and expense totals:
     For any month, year
     For any calendar or fiscal entire year
     For audit and examination periods
Loan ledger subsidiary account balance sheet report
General ledger upload posting file
Calculate from original loan dates or an "as of" begin date to preserve deferral balances from having used another process
Schedules:  Automatic lifetime fee amortization schedule for any loan
Audits:  Annual and other fiscal period reporting for audit and examinations
Customizing available for unique situations, new lending programs



Import all of your
     •  Existing loans with
            Current balances and
            Current rates
     •  New loans
     •  Early payoffs
     •  Sold loans, participations

Import file types
     •  .txt  (Tab delimited.  Other delimiters.  Field position, fixed length.)
     •  .csv  (comma delimited)
     •  .xlsx (Excel.  Many loan servicing systems already support extracting or downloading a loan file to Excel.)
     •  Other type files.  Flexible record layouts.

Modify a file
A "front end" module in the software allows for adjustments and customization, such as
     •  Set deferral amortization term to an average or experienced portfolio life instead of actual loan term
     •  Insert general ledger account numbers based on loan type or code
     •  Find values within a record layout - sixth data element imports as the required second element
     •  Change a value:  Import file interest rate of .0375 to 3.75
     •  Other needs and requests

How it works
The software calculates effective interest rates and amortizes deferred fee income and expense under FASB 91.
     Current principal balance for P&I amortizing loans is also calculated in order to determine loan interest income.
          Fee income and expense is amortized regardless of whether a payment is actually received.
     The software was designed for those on an accounting accrual basis:
          Whether a payment has been made or not, loan interest income is earned and recognized each month.
          As such, deferred loan fees should also be recognized (as opposed to recognition based on cash flow or transaction activity).

Changes
The software will automatically adjust for changes from a prior month to the current month.
     •  Different interest rate.
             The system will calculate a new effective interest rate and, for amortizing loans
             a new P&I payment using current balance, current rate and remaining term.
     •  Principal balance reduction other than through normal P&I amortization, such as paydown curtailments.
             The system compares its amortized principal balance to the imported current balance.
             If the imported balance is lower, the system recognizes the deferral by a proportionate amount
             and begins utilizing the imported current loan balance.  A new effective interest rate is also calculated due to a shorter payout term.
     •  New loans during the current month.
             An effective interest rate will be calculated for each new loan.
     •  Paid off loans, sold loans, participations sold.
             The system will recognize deferral balance in full or, for participation sold, a proportionate amount of the deferred fee.
     •  Loans which may have just "gone away".
             Many times, paid off loans are purged from the servicing file only at year end.
             Regardless of why a loan goes away, If any fee remains the system will recognize the deferral balance in full.

Records retention, audit and exam compliance
The software maintains a monthly Master File which will be saved for the current month.
     Master Files are used for comparing an import file to the previous month's file status.
     Master Files can also be imported at a future date to facilitate reporting for internal purposes, audits and exams.




 Effective interest rate calculation and accounting for an entire loan file

  •  Fee income amortization

  •  Cost, expense amortization

  •  Portfolio totals in a matter of seconds
          Total fee income
          Total fee expense
          For a month.  Quarter.  Calendar or fiscal year.
          Current, past and future periods

  •  Detail audit schedules
          Lifetime amortization and fee recognition schedule for any loan on demand

  •  Amortizing loans

  •  Interest only loans

  •  Balloon loans
          Amortizing
          Interest only

  •  Loan amortization periods
          Recognize fees over the full term of the loan
          Recognize fees over an average life
               Amortize loans over an average life instead of a full term
               Apply to some loans or all loans

  •  Zero interest rate
          Some clients use this feature to amortize leasing fees

  •  No data maintenance or updating necessary

  •  Operates on
          Original loan and deferral balances
          Current loan and deferral balances

  •  Variable rates
          Supports rate changes

  •  Principal paydowns, curtailments
          Accelerated fee recognition due to paydown/curtailment/payoff


  Currently using another method?  Another system?  No system?
     The software can recalculate deferral balances for current and prior periods.
     Or, the software can preserve your current deferral balances.
               No general ledger adjustments necessary.
     Request a free demo.
     See how easy it is to amortize your own loan fees.



Flexible output ....
     •  View results on screen
     •  Send to local or network printer
     •  Copy and paste results to an Excel worksheet



Principal Balances
The system calculates the current principal balances for amortizing
loans "as of" the requested amortization month or period  (for MBS, pooled loans, syndicated packages, view this page)



Effective interest rate
The system calculates an effective interest rate under FASB 91 for each loan and
calculates a new effective rate for a rate change


Fee income and expense amortization
  •  Individual loan level
  •  File totals by category
  •  Lifetime amortization schedule for a loan


General ledger posting
  •  Subsidiary reports
  •  Journal voucher posting source document
  •  General ledger upload posting file




                            CHANGES during term ....
Rate changes
  •  Supports interest rate changes
  •  Effective interest rate recalculation due to a rate change
  •  The software calculates the new payment

Paydowns
  •  Supports partial paydowns and curtailments
  •  Accelerated recognition of deferral corresponding to reduction of principal

Payoffs
  •  Supports early payoffs
  •  Recognize deferred fee balance in full
  •  For payoff, sale, or otherwise disposed


New and existing loans
  •  New loans:  The system performs calculations using original loan information.
  •  Existing loans:
          1)  The system can "bring loans current" if original loan information is available.
                    Calculate a file for current and prior periods.
          2)  Or, the system can use current loan balances, current deferred fee balances and so forth.
                    The system can calculate a remaining term based on loan balance, rate and payment.


Amortize, recognize, account for and post
  •  Deferred loan fee income
  •  Cost, expense
  •  Finance charges
  •  Discounts and premiums 
        Interchange premiums and discounts with income and expense depending upon which they are to you



Methods
  •  Fixed rate
  •  Adjustable, variable rate (scheduled and "on demand" rate changes)
  •  Interest only
  •  Balloon term (can also be used as a portfolio average life term)
  •  Zero interest rate
  •  Non-amortizing loans (and loans with unscheduled or periodic principal reductions)



Unusual loans
  •  Loans your mainframe can't handle
  •  New products/loan offerings
  •  Unusual payback terms ....
        The software can be modified to meet specific client needs



Leases, too
  •  Utilize balloon and non-amortizing features to amortize leasing fees over lease term.
  •  Accommodates both zero interest rate as well as lease payments incorporating an interest rate.



Generate recognition and accounting reports
  •  Amortization and accretion
  •  Subsidiary listing with detail and totals
          Monthly recognition
          Accumulated
          Balances
  •  General ledger accounting
          Journal voucher posting source document
          General ledger transaction posting upload file
 


Types
  •  Residential mortgages with origination fee income and expense
  •  Commercial loans, paper
  •  Loan packages, purchased or sold
  •  Consumer loans, automobile, other vehicles
  •  Dealer fees, indirect lending costs
  •  Other conforming, non-conforming loans


Custom modifications
  • Custom calculations and routines for new lending programs, unique situations ....

Many of our clients are
     •  CPA, accounting firms
     •  Auditors
     •  Asset management companies
     •  Financial advisors
View this page to see how they utilize the software
to calculate, audit or provide accounting services for client files



Simple to operate.
For monthly reporting:

1)  Import a file

2)  Calculate:
     -  Loan fee income and expense recognition for an entire file
     -  FASB 91 calculations and compliance
     -  All monthly accounting reports
     -  General ledger postings
     -  Lifetime amortization schedule for any loan
     -  In a matter of seconds!
  Worksheets:
      Enter loan data and fees.
      Download loan data from a mainframe.

 Export calculation results and reports to Excel.
      For internal use.
      Email to outside auditors.

 Records retention.
      Export reports to Excel.
      Or save loan worksheets with a unique monthly name.
           Import, calculate, report at any future date.


Download, automatically import loan files
to the software for FASB 91 fee amortization from

     •  Loan servicing systems
     •  Core processing mainframes
     •  Service bureaus
     •  "Off the books" manually serviced loans
     •  Other internal or external sources
         including premiums and discounts for purchased loans, packages serviced by others




During import, the software:
    Calculates effective interest rates
    Provides:
          Monthly fee income and costs amortization
          Calendar date selection determines effective month.
     For each record:
          Monthly recognition
          Accumulated
          Deferral balance
          Book value carrying balance
          Summary totals of the above by category:
               Fee income totals
               Cost/expense totals

You can also:
     Generate amortized income and expense totals for a
          Month
          Quarter
          Calendar or fiscal year
          As of a prior or future period
     View a lifetime month by month amortization and fee recognition schedule for any record
     Copy and paste results elsewhere

Paydowns:
Supports single or multiple paydowns.
     Curtailments, paydowns, participation sales.
     Put date and paydown amount in the file.
          The system will automatically accelerate deferred fee recognition for the paydown amount.
          A percentage of the paydown/loan balance will be used to recognize that portion of the deferral.
          A new effective interest rate will be calculated based on the new remaining term.
     Accepts multiple paydowns for the same loan.
          Including separate, multiple paydowns in the same month.
     Log paydowns 2 ways (or use both):
          Immediately following a loan number row.
          Grouped together within a "Changes" section.

Payoffs:
Early payoff date column to recognize in full prior to end of anticipated term.

Rate changes:
     The software supports one rate adjustment.
      It also supports multiple rate changes.
          Put new rate and effective date in the file.
               Enter as many changes as occur.
          The system calculates a new payment and recalculates the effective interest rate.
     Log rate changes 2 ways (or use both):
          Immediately following a loan number row.
          Grouped together within a "Changes" section.

Loan types
     -  Fixed rate
     -  Adjustable
     -  Amortizing
     -  Interest only
     -  Balloon
     -  Zero interest
     -  Non-amortizing

Payment frequencies
     -  Monthly
     -  Quarterly
     -  Semi-annual and annual


Calculations
•  FASB 91 Effective interest rate
•  Deferral amortization recognition
     -  Fee income
     -  Fee expense, cost
     -  Net of both when applicable
     -  For loan term or average life
•  All monthly accounting reports
•  GAAP, FASB compliant

Calculate deferral recognition and balances as of:
•  Current month
•  Prior month
•  Prior year end (fiscal or calendar)
•  Future month or year end
•  Range of future months for annual budget/forecasting

Reports:
Trial Balance subsidiary ledger report
Detail and totals for
     •  Income
     •  Expense
     •  Accumulated
     •  Deferral balance
     •  Carrying amount (Accretion balance)
     •  Totals by category or general ledger account numbers

General ledger
     •  Journal Voucher posting source document
     •  Upload posting file
     •  Direct post to any chart of accounts
     •  Allocate selected or all recognition to revenue and cost centers

FASB 91 detail schedules
     •  Lifetime effective interest method amortization for each record


Available for
1) Loans at the individual loan level:
     -  Fixed rate, adjustable, amortizing, interest only (non amortizing) and balloon loans
     -  Monthly, quarterly, semi-annual and annual payment frequencies
     -  Mortgages
     -  Dealer fees, holdbacks, indirect auto lending expense
     -  P&I amortizing loans
     -  Balloon
     -  Interest only
     -  Average life term
     -  Callable

2) Groups and packages (fees treated as premium or discount using our Omnibus software):
     -  Individual rates, composite, dollar weighted
     -  Mortgage backed securities
     -  LSBOs
          Purchased loans
          Participations
     -  Other packaged loans
          Held to term
          Average life
     -  Amortizing
     -  Irregular principal receipts stream
          Variable amounts
          Curtailments, payoffs
          Partial sales
     -  Weighted rate changes
     -  Interest only
     -  Monthly bulk origination, aggregate


Price
Click to open  Price page
Purchase the software or
Request the price of a Short Term License
          Ideal for special projects and other temporary needs


Dealer fees file calculation services
We can calculate a loan file on a one-time basis.
Deferred fee income and expense amortization for a month.
For an entire calendar/fiscal year.
Reports and supportive data are provided in Excel.
Typical turn-around time is less than 2 hours.
For more information, Email  Loan file calculation services


Just gathering information?
Our customer support department would be glad to answer your questions.
Call 1-800-245-8444 or email Support@fdssi.com
Other pages of interest ....
FASB 91 products page
Omnibus - Loan, bond packages FASB 91 amortization
Bond accounting FASB 91 amortization
Bond accounting straight line amortization
Bond issue costs FASB 91 amortization
Enter, calculate one record at a time calculator suite
CPA, auditor, financial advisor FASB 91 page
FASB 91 custom system
FASB 91 services offered
 

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