Exacting Needs of the Financial Institution:
Exec-Amort™ provides the financial institution with what is
needed for calculating interest on short or long periods, adjustable scheduling,
mixing of payment calculation methods, balloons, equity draws, negative
amortizations, the proper handling of dates for end of month loans as well as
handling interest for 360, 365 and 365/360 day computations. Points; Fees;
Prepaid Interest; PMI Charges; Escrow Fees, Taxes and Insurance, Negative
Amortization and Compound Interest are also supported. Exec-Amort™ Loan Amortization for Professionals™ computes loan amortizations for practically any special or normal loan situation.
Along with the standard features of a first-class
amortization program are these unique options: The Exec-Amort™ methods of calculating interest for short, long or
odd periods and whether the interest is collected as prepaid interest, with the
first payment or over the life of the loan. Additional distinctive features for
financial institution include the interest rounding methods of up-down or off.
also provides consistent amortization results by having factory set default calculation options that can be adjusted then locked to the way the institution does business.