PROM LoanMaker® Products

[Click here for details!]

New LoanMaker 23A
for Palm Devices

LoanMaker products are designed for professionals in the lending business.

They contain precise, federal and state-by-state methods of calculation for credit insurance and interest charges, Truth-in-Lending Federal disclosures, and related calculations.

See Description of Installment Loan Calendar Systems for details on calendar systems (some products do not offer all systems).

Product Description Web
Services 		Mainframe Palm Handheld

LoanMaker® Loan Calculation Programs

Installment Loans with single-premium credit insurance with prorate capping, gross & net insurance, including truncated.
(For all 50 states). 		i23a LMSP
COBOL
Engine 		23A
Installment Loans with truncated single-premium credit insurance and level-excess/pro-rate capping (new version for revised 2001 New York Regulation 27). i23n LMSP
COBOL
Engine 		 
Automotive Loans & Leases
Retail and balloon loans, with dealer reserve, credit insurance, monthly, weekly & biweekly payments. 		    27B
LoanMaker SP
Computes regular, irregular and skip payment loans. 		LMSP & i23d LMSP
COBOL
Engine 		23D

APR Check and Loan Validation Programs

APRChecker Routines
Validates the APR and other Federal Regulation Z disclosure items. 		Coming
soon 		LMSP Validate COBOL Engine  

 LoanMaker WebServices

Our installment loan calculations are now available as WebServices. The LoanMaker WebServices products computes installment loans with credit life and disability insurance.

In addition to running on client PC's with a web browser, it is also designed as an Engine, to be run in the background from either a front-end or back-end system. Computed results are returned in XML format.

Virtually any kind of installment loan can be computed -- skipped payments, pickup payments, irregular payment amounts and/or patterns, and optional balloon payments.

Multiple insurance plans (50, 100 or more) can be included.  This product is also available for the mainframe environment as a COBOL procedure.

For detailed information about this product,
see PROM WebServices.

16 Nov 2007