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FASB 91 deferred
income and expense amortization software for a file - Prospective
recognition
Prices, free demo, how to order
• Sample reports with your loans - no charge
Just want to see reports and schedules for a dozen or
so of your loans? Attach a file to this email or
request a free template: email
Support@FDSSI.com
• Prices
• Free demo
• How to order
• Question?
How to contact us via 1-800 or email
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Available in these Configurations
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Configuration
1
Loans are on a service bureau or core system
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.
Additional fees per loan also available.
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.
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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.
Additional fees per loan also available.
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.
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Configuration 3
Loans are in a Servicer Remittance File
Remittance file
needs to be in Excel.
Typical changes
needing to be made to the file:
Insert 1 to 4 deferred fees for newly added loans.
Additional fees per loan also available.
(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.
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Configuration 2 free demo
Please contact us
regarding demos for the other versions
Instructions:
1)
Create a new folder (or subfolder)
using any name on your
local drive.
Suggested folder name:
FDSSI-FL
2) Right click the demo file, below.
3) Select "save/save link/save target as", browse to and save the
demo file in the new folder
4) From within the new folder:
Right click the demo file and either:
Extract zip file
contents, being certain the contents will be
extracted to/within the new folder
(not a subfolder which the extract may append).
or
Open the zip file,
copy all files and paste all files within the
new folder
5)
Run/double click the program
THRIFTYF.exe
Version 1 demo file:
FDSSI-FASB91-LoanFees.zip
Please contact us
with any questions or if you require assistance
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How to
order the software
Click a "Pay now"
button for
processing a
secure payment.
Payments are made through PayPal. Membership
in PayPal is not required.
Make a secure
payment using
any major credit
card.
In the order form's memo/comments
section, please
include this
information for
our records:
Your name,
title, phone
number
Business name
and mailing
address
About an
order
Following
notification to
us that payment
has been
processed
(normally within
two hours),
we
will notify you
by email the
same or next
business day
(Eastern time) that your order
has been
prepared along
with
instructions for
downloading from
a private link
to our website.
Software prices (US dollars)
Ordering this
software implies
consent with our
licensing
agreement.
Loan File software:
FASB 91
effective interest method
Software
to
import a
file
with
dozens, hundreds, thousands of loan fee
income
and
expense records,
calculate effective
interest
rates,
amortization
schedules, create
monthly
accounting
reports,
export
reports,
view
schedule
for an
individual
record.
Calculate effective interest rates
Amortize
Fee income
Fee expense
Changes during term
Effective
interest
rate
recalculation
for rate
changes
and
paydowns
Accelerated
recognition
for
paydown
curtailments
Full recognition for early payoff
Posting totals
Prior, current and future periods
Schedules:
Lifetime amortization schedule for any loan
Export
Export results and reports to Excel.
Need something unique?
Special situation? New product offering?
The software was written so it could be modified
to meet the specific needs of a client.
For more information about modifying or customizing the software,
please contact us at
1-800-245-8444 (Eastern time)
or email Support@fdssi.com |
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PC and shared network systems ....
Configuration 2 - Maintain loans in an
Excel file
12 month license
for you
to import your original
balance loans and fees from Excel.
Annual License $130.00 month
Prices Include software
support with
• Future software enhancements at no charge
• 1-800 telephone support (continental US)
• Email support
• Reduced charges for any custom modifications
• Free software replacement in event of
a loss
Configuration 2 - Extract loans to an Excel file - 45 day license $595.00
Or keep it simple by ordering the
license but, instead, send us a file,
we'll do calculations and return a
complete set of reports in Excel for one
or multiples fees such as origination,
dealers, applications, legal,
processing ....
(We also have clients who find it easier
to send us their file each month to
recognize deferrals and return balancing
and general ledger postings in Excel.
Please contact us for more information
and pricing.)
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Configurations 1 and 3 - Import an Excel
file extracted from a servicing/core
system or servicer remittance report
Annual License $155.00 month (plus any
custom modifications required to
standardize a file)
Prices Include software
support with
• Future software enhancements at no charge
• 1-800 telephone support (continental US)
• Email support
• Reduced charges for any custom modifications
• Free software replacement in event of
a loss
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Outsource Monthly Fee Income and
Expense Calculations
Do as others are doing.
Send us your monthly file using a secure
email server.
Send a loan file(s) in Excel.
Basic loan data.
Nothing proprietary.
We'll import your loans and return an Excel file with
all monthly reports:
File listing with fees,
effective interest rates, balances,
balances.
Income and expense totals
Subsidiary ledger listing
Posting journal voucher
Detail fee amortization
schedule for a loan
Audit and exam support
Prices typically range $195.00 to
$250.00 per month. Typically same day
turnaround.
Please contact us at 1-800-245-8444 or
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Licensing
Agreement
Customer
(defined as the company, organization, individual or other entity ordering this software)
understands and
agrees that
Seller
(Financial Data
Support Systems,
Inc.) is
granting
Customer a
non-exclusive
license to use
the above named
Software System
on a computer or
networked
computers as a
Single
Installation
system. Single
Installation
means that
Customer will
install the
Software System
no more than
once onto
Customer's
computer,
networked
computers, other
servers or disk
drives unless
Customer has
received written
permission from
Seller and paid
Seller for this
Multiple
Installation
privilege.
Importing Excel through browse and open and exporting to
Excel.: Requires
Microsoft Access Database OLEDB 32 bit which, if not already
installed, is available at no charge.
Currently, Microsoft's OLEDB provider is available in a
64 bit and 32 bit version although, per
our own testing, the 64 bit is unreliable. And,
the 32 bit version available through Microsoft should NOT
be downloaded because it may or may not be installable
on certain Windows configurations. The software
requires, and we can provide a previous version of the
32 bit OLEDB at no charge.
Networks:
When licensed
for and
installed on a
network,
multiple
workstations may
be granted
access to the
software. In
such case, if
data files are
in the process
of being updated
by one
workstation,
another
workstation
attempting to
perform updating
will be provided
a message
indicating the
update process
is currently in
use and will
have to wait
until the update
process by the
first
workstation has
been completed.
Customer further
acknowledges
that the
Software System
is a valuable
trade secret
property of
Seller and, in
addition, is
subject to
copyright laws.
Customer agrees
not to
duplicate, copy
or make
available to
other parties
any part of the
Software System
except as
necessary for
normal business
operations, such
as creating
back-up copies.
Confidentiality: Customer and Seller recognize
that in the course of their discussions it may be
necessary for either or both to disclose to the other
certain Confidential Information. Each Party agrees to
treat any and all discussions as confidential and, in
the absence of a signed Non-Disclosure Agreement, to
treat shared information as if there was an industry
standard Non-Disclosure Agreement in effect.
Software
Support
Software support includes:
Future software enhancements at no charge
1-800 telephone support (continental US)
Email support
Free software replacement in the event of a loss
Operating
Systems
Software developed within Microsoft's .NET Framework for
Windows® on a computer, laptop and multiple
users on a network sharing system
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Financial Data Support Systems, Inc.