BrooksWebcalcs v1.1 is the most accurate and flexible mortgage disclosures tool on the market for complying with Regulation Z of the Truth in Lending Act. With the Brooks.DLL (math engine) as the driving force behind the BrooksWebcalcs application, the lender receives the same functionality that was available in the Brooks software with the added benefit of allowing multiple users to be logged into the application simultaneously.
Brooks WebCalcs automatically calculates and provides an accurate TIL and APR verification for ANY mortgage loan product and includes the ability to do OFAC, TIL validation and TRID comparisons.
- We can calculate all mortgage insurance premiums and provide amortization schedules in a few clicks!
- Loan types include residential, construction loans, interest only, negative amortization, dual amortization, pay option ARMs, HELOCs, reverse mortgages, blended TRID and literally any other loan type.
- Version 1.1 embeds our popular HCLA anti-predatory lending analysis tool as an option for an added convenience!
Brooks WebCalcs Features and Benefits
| Feature | Benefit |
| Automatically calculates an accurate TIL for any mortgage loan product | § Process automation, accuracy and efficiency: Products include dual amortization loans, pay option ARMs, hybrid ARMs, assumptions, construction-to-permanent loans and more!
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| Recalculates APR, Finance Charge, Amount Financed, Total of Payments, and Payment Schedule.
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| Quick links to major indices | § Convenient resources in a single click
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| Safe, secure and savvy software |
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Loan types include residential, construction loans, interest only, negative amortization, dual amortization, pay option ARMs, HELOCs, reverse mortgages, blended TRID and literally any other loan type.Version 1.1 embeds our popular HCLA anti-predatory lending analysis tool as an option for an added convenience!