TValue Loan Modification and Amortization Software Helps Financial Professionals Understand the Financial Impact before Closing a TDR.
Calculating accurate TDR provisions for Allowance for Loan Losses (ALL) is a critical component for regulatory and financial statement disclosures and requires comparative present value of cash flows calculations in accordance with Codification 310 (FAS 114), Accounting by Creditors for Impairment of a Loan.
If your current loan modification and TDR software tool(s) is formula driven, time consuming, hard to use, does not produce adequate documentation, or does not give due consideration to ASC 310 (FAS 114) and/or NCUA or FDIC requirements, then it’s time to switch to TimeValue Software™ TValue™ loan modification and amortization software; the industry standard for accurately amortizing loans, leases, and any time-value-of-money calculation.
TValue software allows you to fully understand the financial impact of TDRs before closing any transactions. By easily calculating “what-if” scenarios while you are restructuring the loan, you can determine the right loan structure for the situation and you can fully understand the potential magnitude of the TDR loss before the restructuring is finalized. And once you close the TDR, you can produce appropriate documentation for your allowance for loan losses (ALL) performed by generating professional amortization schedules for full accountability.
TimeValue Software understands that Credit Unions, Banks, and other lending institutions need to modify loans to meet their customers'/members' needs.
These loan modifications can include:
- Lowering the overall interest rate for the full term [view video]
- Allowing interest only payments for a period, e.g., 12 to 24 months, to reduce the initial payments and then amortizing the remaining loan (sometimes at a different interest rate) [view video]
- Creating a step-up interest rate loan structure, e.g., 3% for 12 months, 4% for 12 months, and 5% for the remaining term, to reduce the initial payments in the early years [view video]
- Lowering the interest rate for a short term, e.g., 5 years, and ballooning the loan
Accurate and Easy to Use
TValue loan modification and amortization software provides a highly flexible and easy to use tool to structure any type of loan to help negotiate a workout agreement with the borrower and avoid costly foreclosure proceedings.
Calculate Allowance for Loan Loss Instantly
The TValue program easily calculates the present value of future cash flows in a restructured loan at the effective interest rate. This is a key step in completing the calculations for TDRs. The difference between the present value calculation of the restructured loan and the current loan balance is the allowance for loan loss subject to ASC 310 (FAS 114). TValue software instantly produces and clearly presents all the amortization schedules needed to document your calculations to support the appropriate amount for your allowance for loan loss.
While calculating for a TDR using TValue software, the payments can easily be tiered over any period of time and then the loan can be simply ballooned after any number of years. This allows the lender to lower the payments to save the loan but limit the term of the reduced cash flows to minimize the loss. The present value of this TDR versus the loan balance would be the amount charged to the ALL.
For Enterprise Users Needing to Understand the Financial Impacts of Troubled Loan Management Using TValue Software.
For enterprise users requiring a more robust solution to address the accounting, risk management, valuation, and reporting for troubled loans or TDRs, Troubled Loan Manager™ by ARMtech (www.armtechnology.com) is the ideal solution for meeting comprehensive customer needs and uses TimeValue Software™ TValue™ amortization software as an integral part of the program. The combination of Troubled Loan Manager and TValue software provides an end to end solution that is highly effective in controlling both operating and reporting risks on a loan-by-loan basis or across diversified loan portfolios. For further information and to schedule a hands-on demonstration, send an email to TimeValue Software at info@TimeValue.com include the subject “ARMtech and TValue software” in your communication for immediate assistance, or call 1-949-727-1800 or call toll-free 1-800-426-4741 (within USA).
Request a Product Demonstration of TValue Amortization Software
Learn how TValue amortization software can be an invaluable tool for Credit Unions, Banks, and other financial associations.
For a FREE 30-day demonstration version, contact TimeValue Software today so you can fully understand the financial impact of TDRs! Call 1-949-727-1800 or toll-free at 1-800-426-4741 (within USA), or email at support@TimeValue.com. With TValue software you can easily and quickly understand the financial impact before closing any loan modification or TDR.
Try TValue Amortization Software Risk-Free
All TimeValue Software products include an unconditional one year money-back guarantee.
Order your copy today for only $149 and find out for yourself how accurate, user-friendly, and dependable TValue software is to use. If you have additional users in your company that could benefit from using the TValue program, additional licenses are available at only $99 each. TimeValue Software stands behind its products with unlimited technical support from an experienced staff and a one year money-back guarantee.
System Requirements for TValue Software:
- Supports Windows XP and above (including Windows 7), and Windows Server 2008, 2003, and Terminal Services
- Citrix is being used successfully by TimeValue Software customers with no known issues in this environment
- At least 10MB RAM and 5MB disk space
To Order Now...
- Fill out the online order form, or
- Call 1-949-727-1800 or 1-800-426-4741 (within USA)