LoanAmortizer Professional Edition is one of the few loan amortization and schedule preparation programs that complies with the provisions of the complete U.S. Regulation Z, and especially Appendix J, regarding interest calculation. LoanAmortizer Professional Edition handles multiple amortization methods - Simple (U.S. Rule) and Normal (Actuarial). LoanAmortizer Professional Edition can combine any payment frequency with any compounding period.

LoanAmortizer Enterprise Edition introduces the following new features and enhancements:

Tracking Loans After a loan is created (constructed) and all its input parameters are set, it can be saved and the actual payments made later can be entered into the Loan Schedule. You can also enter additional draws and amounts added to the initial principal amount as well as any changes of the interest rate of the loan on dates from the initial loan amortization schedule or any other physical date. Additional payments can also be entered in the schedule on dates other than the ones initially specified by the original loan amortization schedule. All additional changes needed to be done on an already constructed (created) loan are executed directly in the "Loan schedule".

Adjustable Rate Loans The option for changing the interest rate of the loan at a certain date allows the use of the LoanAmortizer Enterprise Edition for creating, servicing and monitoring of Adjustable Rate Loans ( known also as Variable Rate Mortgages). The change of the interest rate, as well as the option of adding additional draws and payments breaks the normal payment plan of the loan the way it was initially set and arranged. A new command for recalculating of the periodic payment and the whole schedule after a certain date is added, to secure the equilazation of the periodic payment amount and the payment schedule to the point of its payoff.

Loan Schedule In contrast to the other two editions of the LoanAmortizer, The Enterprise Edition shows all transactions that have to be performed or that are already done in the loan schedule. These transactions include the initial draw of the loan, the initially contracted and negotiated periodic payment amounts, all additional draws and payments, interest rate changes as well as the transactions for capitalizing of the interest (if the Amortization method is Actuarial).

Escrow accounts and late fees One of the new features of the new LoanAmortizer Enterprise is the Escrow accounts setup and management with the respective taxes and insurance payments collections. That escrow payments are shown in the amortization schedule in an additional column and are editable since it is highly probable that the clients can bring short payments, be late or bring more money. There is another additional column