New Partnership with Healthcare Finance Direct

Healthcare Finance Direct has chosen Sherman & Associates as their exclusive partner for APR calculations within their system, using the SCEX.We are pleased to announce Healthcare Finance Direct (HFD) has chosen Sherman & Associates as their exclusive partner for APR calculations within their proprietary administration system. HFD will be using the Sherman Calculation Engine with XML Interface (SCEX) to drive the calculations within their system.

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SCEX Adds New Mortgage Capabilities

As of the October 2011 release, the SCEX (Sherman Calculation Engine with XML Interface) now supports FHA MIP (Mortgage Insurance Premium) calculations.Each quarterly release of the SCEX increases its lead as the most functional loan calculation engine, as we continue to implement enhancements requested by our partners.

Recently, many of these enhancements have been made in the area of mortgage calculations. At the end of 2010, the MDIA (Mortgage Disclosure Improvement Act) changes were implemented to ensure that our partners were within compliance by the time the new regulation was mandated. With our most recent release, the following enhancements have been made in the areas of PMI and FHA MIP (Mortgage Insurance Premium) calculations:

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New Partnership with oFlows

oFlows has chosen Sherman & Associates as their exclusive partner for loan and insurance calculations within their loan origination system.We are pleased to announce that oFlows Incorporated (oFlows) has chosen Sherman & Associates as their exclusive partner for loan and insurance calculations within their paperless account and loan origination system. FLOWS will be using the Sherman Calculation Engine with XML Interface (SCEX) to drive the calculations within their new system.

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