New Years Resolution

by Michael Shohoney January 7, 2010 05:33
I'm not one that makes New Years resolutions very often as I see them as a formula for failure because we always set goals that are unrealistic.  However, as I sat down and assessed Math Corporation's 2009, I saw one glaring issue that needed to be addressed for improvement in 2010 and that was my own performance in blog posting here, on Twitter and Facebook!  So, as I sit here, I resolve that I will try to be more regular in my blog postings going forward.  We would still love to have input from you, our users, for blog postings and would love to have submissions that we would post.  So, if you have something you would like to see addressed, let us know!  Here's to a great 2010 for us all.

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eZMathReverse Updated

by Michael Shohoney October 5, 2009 09:35
The eZMathReverse application has been updated.  This update represents a complete rewrite of the previous version.  Not only does the new version incorporate both the original and new HECM principal rate factors, it also outputs the Truth-in-Lending statement, if applicable.  You can now use eZMathReverse as your one source of calculated figures for your reverse mortgage operation.  Give it a run and let us know how we did!

New HECM Principal Limit Factors

by Michael Shohoney September 28, 2009 10:13
Late on Wednesday, September 23, HUD announced that there was a new factor table that was to be used for all HECM loans with a case number assigned on or after October 1, 2009.  Math Corporation began implementing the new factors Thursday morning and on Friday, September 25 at 2:00 CDT released ZMathReverse with both new and old factors incorporated.  Our eZMathReverse will be updated later this week to incorporate the changes.  If these changes affect you, please notify us and we will get the new version of the component to you.

Component Technology; The Answer to your Problems?

by Michael Shohoney January 19, 2009 10:46

Component technology is a hot issue in the software development world.  Components allow software developers to add capabilities to their systems without developing the technology themselves.  They are able to concentrate their efforts on what they do best and leverage the expertise of others to help make their application the best it can be.  It’s the old “why reinvent the wheel” philosophy.

 

Here at Math Corporation, we’ve always believed in the use component technology.  From the very beginning, we offered the facility to move our formulae into your software.  This started with our very early versions of ZMath® that were written using Lotus® 1-2-3®.  Once the technology became available whereby components could be easily incorporated into development efforts, we wrote our loan calculation engine.

 

We wrote the ZMath Loan Calculation Engine using ANSI-compliant C so that we could deliver the software on virtually any hardware and software platform.  The working theory was use the same core code set and merely change the interface function to deliver it to any platform.  That working theory has proven itself to be quite true as we’ve delivered ZMath on everything from DOS (yes, way back then) to a System/390 mainframe using the exact same code from one platform to another.  We have covered it all, including Java, .NET, Unix, AS/400, etc., etc.  This platform-independency assures our customers the ultimate in portability and homogeneity.  Imagine having the exact same results across all platforms in your lending systems.  Total agreement in all numbers!

 

The other benefit of component technology is shelf life.  Since the subject matter of the component (in this case, calculations) is something that needs to be addressed regardless of the system interface, as your systems change (same, different or multiple platforms), you can implement the ZMath Engine going forward.  That is, as you change systems, you need not change the source of your calculations; a one-time license for a lifetime solution.  Leave the technological, regulatory and practices and traditions updates to us.  No worries from here on in.

 

As you can see, component technology, especially when it comes to lending calculations, Regulation Z (APR) calculations, amortization schedule production, can save you a ton of time, effort and expense when leveraged properly.  License the ZMath Engine and you have a one-time expense for a lifetime solution!  Please feel free to contact us to see how we can help you.

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Welcome to Math Corp.'s Blog

by Michael Shohoney December 3, 2008 07:01
Today we start a new era at Math Corporation by opening a blog.  We intend to use our blog to provide current information on our products, their pragmatic use, industry news and trends and regulatory issues and their solution using our products.  We invite our web site visitors to share their views with us by using the Contact tab at the top of the page.  If you have an idea for a post or would like to comment on a post please send it to us.  We hope to make this area an exchange of great ideas and we're going to count on your participation.  Here's to blogging!

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