The system supports interest only loans where draws can be made at any point during life of loan. When a draw is made, interest is accrued at the lower balance while next interest payment would reflect the combined interest required at the lower and higher balances. In addition, payments can be recalculated based on the new balance going forward. Draw downs are also supported with payment recalculation. All this is accomplished through the use of wizards.

The system supports ability to add an unlimited number of indexes. These can be commonly used indexes such as the Prime Rate, Libor or user defined. Each qualifying loan has a spread over index that can change immediately (following payment) or over a specified period ranging from three months to ten years. In addition, the system can recalculate payment or solve for term based on rate change.

The system supports ability to maintain detail data with each loan, borrower and property. For instance, every loan possesses 20 text, 20 date, 20 numeric and 25 lookup fields. Lookup fields are dropdown lists which can be populated by the end user within program. The labels associated with these fields can also be set.

This allows specialized reporting where data within portfolio can be grouped and sorted by any of the detail fields. For instance, data can be grouped by branch or housing program. Data can also be isolated for just one branch or housing program. Data could include payments, balances or aging.