How Bankers, Credit Unions & Mortgage Brokers Use Our Calculators

Bankers are frequently called upon to do financial calculations and analysis. Beyond doing all the calculations that revolve around lending, they also have to produce disclosure and compliance reports per government regulation — examples being Regulation Z, APR Disclosure report and Regulation DD Truth-In-Savings APY (annual percentage yield) calculation. SolveIT! has been helping bankers with these tasks for over twenty years. Since the recent release of v6.0, SolveIT! now has over 40 calculators. The calculators are designed to do everything from the very simple, such as calculate a loan payment amount to prepare sophisticated cash flow schedules with changing amounts, rates and dates. Since SolveIT! includes C-Value!, you can use its loan servicing abilities to manage loans.

What SolveIT! Calculators Do Bankers & Mortgage Brokers Find Useful?

Let's start off by stating that SolveIT! is able to calculate loan amounts, payment amounts, terms, interest rates, balloon payments as well as PV, FV, NPV & IRR. These are pretty standard financial calculations, and by themselves, they would not be a big deal. (Even though the way we have implemented these calculations gives you more flexibility than 90% of the calculators out there.) Where SolveIT! shines is in its analytical abilities. Let us just point out some of the calculators that real bankers typically find useful:

• C-Value, The Cash Value Calculator: This is the auditor's primary tool. Create schedules with cash flows on any date. Validate interest earned or paid. Do "what-ifs" and create custom schedules with cash flows on any date. Use this calculator to service any loan.
• Loan Matrix Calculator: Prepare a matrix for clients as a handy reference to show them how much their payments will change as they consider different loan amounts.
• Future Value Matrix Calculator: Prepare a matrix for clients showing them how regular savings grows at various interest rates or how different savings amounts impacts the final value.
• Annuity Matrix Calculator: Prepare a matrix showing the depletion of an annuity at various interest rates or with different withdrawal amounts..
• Loan Comparison Adviser: Help a client compare two different loan offers.
• Future Value Schedule Calculator: Prepare a schedule showing the benefits of regular savings and the impact of withdrawals.

Naturally click on the above links for additional details and screen shots, and remember, the above are only a few of the more than 40 calculators that are included in SolveIT!.

You can download a free, fully functioning 21-day trial version of SolveIT! or anyone of our other programs. We do not even require any personal information from you — not even your email address — for you to take advantage of our evaluation offer. You will not be called, You will not be emailed. We won't even know who you are — that is until you place your order.