Exec-Amort Loan Amortizer Plus

The Exec-Amort Loan Amortizer Plus, developed by Electrosonics, Inc., is a software solution designed to meet the needs of financial institutions, public accountants, attorneys, real estate professionals, and government agencies. According to the vendor, this tool offers adjustable scheduling and supports a wide range of loans, including balloon and mini-balloon loans, equity draws, negative amortizations, judgments, and end-of-month loans.

Exec-Amort utilizes a built-in Julian calendar to ensure accuracy in loan calculations. The vendor claims that the software supports future value calculations, allowing users to determine the value of an investment or loan at a specific point in the future.

With extensive reporting options, Exec-Amort provides detailed loan amortization reports, APR reports, and annual summary total reports. The vendor states that users can customize report titles and layouts, add multi-line comments, and include a company watermark backdrop.

The software offers flexible payment calculation methods, including automatic fixed, user-specified amount, deferred, interest-only payments, automatic fixed principal plus interest, and user-specified fixed principal plus interest. Users can schedule payments on a monthly, bimonthly, quarterly, tri-annually, semiannually, or annual basis, as well as on weekly, biweekly, every 4 weeks, every 13 weeks, and every 26 weeks schedules.

Exec-Amort supports fixed or adjustable interest rates up to 1000% and calculates interest based on various day year conventions. The software handles interest compounding, automatic and manual prepaid interest calculations, and accommodates negative amortizations and reverse mortgages.

Users can make post individual or recurring extra payments or fees, which can be principal only, principal & interest, or non-affecting principal/interest balances. The vendor claims that users have the option to show extra payments on their own line or add them to regularly scheduled payments, and that the software supports balloon payments.

Exec-Amort offers user-configurable default settings, allowing organizations to tailor the program to match their business practices. Users can customize interest, APR, IRR, rounding, interest accrual method, payment scheduling, fiscal/calendar year settings, future value treatment, short/long period interest and payment methods, report calculations, titles, layout, and format.