Introduction
J. L. Sherman and Associates, Inc. is the acknowledged leader in loan quotation
software, including all credit insurance and debt protection methods in use
across the country. We offer loan calculation and compliance engines, as well
as end user loan quotation software. Sherman software systems are
invaluable in calculating and disclosing even the most complex loan structures,
quickly, easily, and accurately.
Our Products
Our loan calculation software can be broken down into two broad categories:
- Calculation engines which make our loan and compliance calculation expertise available to our partners, so that our partners can provide this expertise in their own software applications.
- End user loan quotation systems, which wrap a simple user interface around our calculation engine to provide a loan quotation sales tool that is both powerful, accurate, and easy to use.
Calculation Engines
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The SCE API Server is the easiest way to implement our expertise in your software solution. The SCE API Server is implemented as a microservice, and is either deployed by your devops team as a Docker container in your local and cloud environments or we can host it for you using AWS. Both methods expose the SCE through a HTTP REST API, which allows any team to begin using the SCE immediately - no development work is required to begin receiving results from the SCE.
The SCEX is a lower level library which will require some development work to integrate into your software application. We do provide sample implementation code for various development environments to give you a head start in this endeavor.
Loan Quotation Applications
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Our internet and desktop loan quotation applications, eWinLoan and WinLoan-32 respectively, are considered the finest sales tools to help lenders increase their credit insurance and debt cancellation/deferment penetration.
Please take your time and browse through our web site. If you have any questions or comments about the web site or any of our products, please contact us.
HOEPA Updates for 2025
The CFPB is
adjusting two dollar amounts that are used in the “points and fees” trigger for
coverage under HOEPA for calendar year 2025. The two dollar amounts are (1) the
loan amount threshold (changing from $26,092 to $26,968), and (2) the total
points and fees amount (changing from $1,305 to $1,348). All of our core
products will be updated to include these new amounts for the January 2025
release.
Announcing Our Partnership with FinMkt
We are pleased to announce that FinMkt has chosen J. L. Sherman &
Associates’ SCE API Server for use in their
cloud-based technology stack.
... (Read on for more information)“We’ve had a highly beneficial experience with J. L. Sherman & Associates, and we’re pleased to be in partnership with a top-notch provider of loan quotation software. This collaboration empowers us to navigate potential disputes with issuing or purchasing banks regarding loan calculations effectively, ensuring a higher degree of security and precision in our operations. As a result, our business processes have been significantly enhanced, positively impacting client satisfaction.”
— Dheeraj Medikonda, COO, FinMkt
HOEPA Updates for 2024
The CFPB is
adjusting two dollar amounts that are used in the “points and fees” trigger for
coverage under HOEPA for calendar year 2024. The two dollar amounts are (1) the
loan amount threshold (changing from $24,866 to $26,092), and (2) the total
points and fees amount (changing from $1,243 to $1,305). All of our core
products have been updated to include these new amounts in the October release.
HOEPA Updates for 2023
The CFPB is adjusting two dollar amounts that are used in the “points and fees”
trigger for coverage under HOEPA for calendar year 2023. The two dollar amounts
are (1) the loan amount threshold (changing from $22,969 to $24,866), and (2)
the total points and fees amount (changing from $1,148 to $1,243). All of our
core products will be updated to include these new amounts in the January release.
Announcing the SCE API Server
The Sherman Calculation Engine API Server (SCE API
Server) is the software solution that makes Sherman’s
extensive expertise in the mathematics of lending part of your own software.
The SCE API Server is implemented as a microservice, and is either deployed by your devops team as a Docker container in your local and cloud environments or we can host it for you using AWS. Both methods expose the SCE through a HTTP REST API, which allows any team to begin using the SCE immediately - no development work is required to begin receiving results from the SCE.
... (Read on for more information)