Expert1 News

News relating to Expert1's Products and Services

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Tango32 V3.96 Released

Investments

  • New options on Investment Business Codes to specify the default settings for the flags "Pay Interest When Due" and "Pay By Direct Debit"
  • Fix length of parameters when printing Rollover form letters using the printing wizard
  • Fix bug in Rollover Printing Wizard which was counting ROI accounts twice.
  • Added min/max term to Investment Issues and Series
  • New option on Investment Payout Quotes to ignore "Pay Interest When Due" flag so that the quote includes interest that would normally be paid to the investor instead of being capitalized.
  • New option in Setup Parameters to delay the processing of a new investment until the "As At" date of processing is on or after the start date of the investment.
  • New option in Setup Parameters to prevent posting of transactions to completed investments.
  • Fix bug which ommitted "Additional Funds" when using the Rollover Wizard to process non-ROI investments.
  • "Additional Principal" now appears on the report when new investments are activated.
  • Modified system to prevent posting of automatic IC / IP transactions after maturity date
  • Modified system to allow rolling of non-ROI accounts into ROI accounts.
  • Fixed bug with IV statements not showing interest on sub account unless main account had transactions on/after the interest date on the sub account.
  • Fix bug with incorrect interest schedule and projected balance on account where interest hasn't been charged on an investment yet
  • Fix bug which incorrectly compounded interest on "Pay Interest When Due" accounts for payout quotes that spanned an interest boundary.
  • Fix rounding errors on IV payout quote


Loans

  • Classification5 (Dynamic Classification) now has new parameters:
@AsAtDate DATETIME    - the "As at date" of the calculation
@D1 INT            - days in arrears on the first day of the month
@D2 INT            - days in arrears on the "As at date"
@E1 DATETIME        - The "Effective Date of Default" of the loan
@B1 BIT            - Whether or not the loan is in default


  • Added a new subledger flag to include all scheduled future subledger charges in a Discounted Present Value payout quote.
  • Fix bug which caused an error because of a null "Due Date" when posting drawdowns which extend term of a loan.
  • Modified posting of VOID transactions to ensure they reverse out Subledger History as well,
  • New facility on the "Change Responsibility" screen to set a borrower to be the "Primary" borrower of a loan.
  • Improved performance / speed up special charges screen on a loan when there are no penalty debits.
  • Fix Interest Only loans which automatically adjust repayment amount where the loan starts on the first of the month.  Previously, interest charged on the last day of the month was changing payment due on the first day of the same month.  It should have been charging the payment due on the first day of the next month.
  • Fixed bug which made duplicate payments to linked investors when backdating interest on a loan.
  • Fix bug which caused "Void" transactions to hide other transactions entered on same day when Consolidation was enabled on a customer statement.
  • Fix bug with reversals not being correctly processed in linked investments.
  • Fix NULL error when getting totals for loans on the client form
  • Prevent overflows for unusually high balances when calculating yield rates.
  • Add "GeneralPurpose11" and "GeneralPurpose12" to the API to add new loans


Tango32 V3.95 Released

Version 3.95 8 March 2012

General

  • Enhanced Ad Hoc Query system to be able to import data



Loans

  • Fixed bug with API calls from external programs such as Phoenix which were creating incorrect repayment schedules for hybrid loans.
  • fixed bug with "Repair Schedule" when fees were scheduled to end of term of a loan.
  • Fixed "zero divide" error and incorrect handing of fees when they were charged advance on P&I report
  • Fixed problem with double up of "date due" in repayment schedule where a loan has several different repayment amounts
  • Fixed bug which updatied wrong schedule entries when adding a subledger to a loan.
  • Fixed bug in recalculation of loan totals for leases.
  • Improved schedule extension logic for drawdowns that reactivate loans
  • Improved accuracy of repayment calculations when drawing down on Interest Only Accounts.
  • Modified Direct debits export process to use "Transaction Description" as the transaction narrative
  • Add new payout method: A: Interest Paid In Advance
  • Changed logging system to include changes to client phone numbers in the log.
  • New facility to import external documents (PDF, DOC, RTF etc) into the diary reminders for a loan.
  • Modified Deli System to include penalty fees as part of the arears balance.
  • Modified logic for "Next Due Date" calculation to take into account penalty fees.
  • Fixed bug which caused arrears adjustments to cause incorrect payout quotes when using the discounted present value method


Investments

  • New Investment Rollover / Payout Wizard to automate the rollover process for investments
  • New Form Letter Printing Wizard for printing batches of form letters related to investment payouts / rollovers
  • Fix rounding issue when compounding interest over several months
  • Fix payout quote to include projected interest between last interest run and "as at date" of quote
  • Fixed bug in investment Balance projection report which was out one day on interest calcs which affected Payout Quotes
  • Improved order of payout / rollover transactions on Investment statements
  • Modified Direct Credit System to prevent Investment payouts generating direct credits
  • Fixed Monthly Investment Interest Process to correctly handle accounts imported from IBS where some EOM accounts don't actually have interest credit at the end of the month.
  • Modified Commission Report to show Loan Balance & Interest Rate as at Period End Date
  • New HistoricBalanceAtMaturity keyword for form letters
  • Modified Setup / Parameters to use a separate numbering range when generating investment account#'s

Tango32 Version 3.94 Released

Loans

  • Modified Statement Fee charging option to use the DR GL Account from the Business Code of the loan being charged if the subledger for the fee does not have a DR GL Account.
  • New option on Business Codes to charge ODI as a debit, and to specify a related subledger.
  • New option on Delinquency Reporting System to specify a filter used to calculate totals used as a basis for percentages in the footer of the report.
  • New facility to add Loan Assets via XML from an external system such as Phoenix.
  • New facility to specify up to 5 related clients when adding a new Loan via XML from an external system such as Phoenix.
  • Improved accuracy of projections on the P&I Reduction Report, and Projected Net Balances  - especially when a repayment includes a recurring charge such as GST.
  • New "Payway" Export Format for Direct Debit and Credit Card transactions.


Investments

  • Fixed inaccuracy in interest calculations when rolling over an ROI investment account.
  • Fixed inaccuracy in interest projection report.
  • Fixed rounding error in IV Payout Quote


Tango32 Version 3.93 Released

15 November 2011

Investments

Fixed interest balance projection for accounts where interest is paid to investor when due.

Fix interest projection report when account starts on the last day of an interest period

Modified payout quote on investments where interest is paid to investor rather than being capitalized.  The interest credit and interest payment now both show on the payout quote.

Loans

Prevent changes to the "Outstanding Balance" field on the "Change Schedule" form.

Modified Statement Fee logic to use GL Debit from Business Code if one is not supplied on the subledger.

Added a "Do not solicit" flag to clients which can be referenced when generating form letters.

Modified system to store the Interest Only term for each hybrid loan rather than extracting this info generically from the Business Code.  (This allows hybrid loans in the same business code to have different Interest Only terms.

New facility to display Projected Loan Balance based on History to date as well as Projected balance based on Schedule only.

Added a new "Subledger Type" table which allows classification of Subledgers for use in reporting.

New "Commission Statement" report to display upfront and trailing commissions for each loan per Introducer.

Fixed bug in recalculating repayments for Interest Only loans.

Modified "Days In Arrears" calculation to include penalty fees.

New calculation methods to specify how repayments should be calculated when the interest rate changes on a loan.

New logic to Lock the Repayment Schedule of Active Loans, but still allow changes via the "Change Schedule" form.

Changed logic on Interest only loans where the repayment schedule must be updated to match interest charges:  This will now happen even when the repayment schedule on the account is locked.

Loans - Diary Reminders / Tasks

A new facility to tick a diary reminder so that it will appear in a new "Task List".
New options under the client menu to display "My Tasks" and "All Tasks".

Loan Repayment Schedules

Fix bug with due dates for loans that have interest charged on their Anniversary Day when the loan settles on the 30th of the month.

Loan Repayment Calculations

Improve accuracy of repayment calculations for large principal amounts (> $1m)

Loan Interest Calculations

Fix bug recalculating backdated interest when ODI was charged last interest run and it affects the balance
Ensure backdating transactions prior to first interest run generates an adjustment if required


Loan Receipt Allocation Report

Improve accuracy of allocation when account is paid ahead but still in arrears due to fees

Loan Delinquency Reports

New "Disable" flag to hide old reports from being displayed.
New format 12 delinquency report.
Fixed bug which didn't show totals on some reports.

Investment Interest Calculations

When an investment is paid interest in frequencies other than monthly, ensure investment interest compounds on the last day of the period.

Investment Payouts

Investment Payouts now include balances from related sub-accounts.
Improve accuracy of payout quote of a sub account when the parent account is complete
Added validity check to ensure rollover transactions can't predate the target investment.

Loan Repayments - Variable Rate

Fix bug when trying to change repayment schedules one month after settlement.

Loan Subledgers

Fix bug which caused excessive transactions when the same subledger is added to a loan more than once.
Fix bug which duplicated subledgers when browsing backwards and forwards between loans then clicking on the subledger tab.







Tango32 Version 3.91 Released

Loans- Business Codes

A new option to specify the number of days after a rate change / interest run to schedule a new repayment calculation when the rate changes.  You now have the ability to specify a different number of days for the interest-only and principal portions of a hybrid loan. 

A new option to preserve any unpaid / overdue entries in the repayment schedule when changing the schedule.

A new option to charge all fees as "D" (Debit) transactions instead of "2" (Special Charge) transactions, and to have those debits affect the arrears balance of the loan. 

The arrears details form will now also show outstanding fee balance for any debit fees applied to a loan.

Loans - ODI

Improved the accuracy of Overdue Interest Calculations on accounts where interest is charged on the Anniversary Day where days of grace are specified.

* Loans - Repair Schedule

Fixed Infinite Lopp Bug, and incorrect allocation of special charges when repairing the schedule of a Line-of-Credit loan.

Completed Loans Report

Improved accuracy of report to ensure reversals of paid-in-full accounts net out the outstanding special charge balance on an account.

Loans - Principal / Interest & Projected Balance

Improved the accuracy of the Principal / Interest Report, and Projected Balance estimates for Interest Only accounts.

Fixed bug which did not take drawdowns into account when calculating a projected net balance.

Loans - Variable Rate / Drawdown

Improved the accuracy of repayment re-calculations when varying the rate or applying drawdowns to a loan.

Loans - Receipt Allocation Report

Improved the speed and accuracy of the receipt allocation report.

Loans - Extended direct debits

Fixed a bug when extending direct debits on accounts past their due-to-complete date, to ensure payments due on the day of the interest run are properly included

Loans - Mortgage Security

Add Unit / Lot Number to a security item.

Loans - Repayment Calculations

Improved accuracy of repayment calculations for large (> $1m) loans.

Loans - Transaction Entry

A new facility in Setup / Parameters / Loan-2 to restrict the transaction types allowed when manually entering transactions.

Investments

Improved Accuracy of projected interest charges on the Interest Schedule report.

Fixed bug on projected balance calculation which ignored transactions on the account dated after the last interest run.

Improved accuracy of Investment Payout Quote to match projected balance.