October 9, 2006: AClient Software Systems, the developers of MyProspectorLITE™, announced today that it has added loan officer mortgage calculators in both the FREE and Premium versions of it's web-based software application for mortgage originators.

"We are well aware that when it comes to mortgage calculators there are hundreds, if not thousands, available to consumers on the web. However, nearly all of these calculators are designed for potential borrowers looking to calculate a simple payment or create an amortization table. They are not geared to the mortgage professional.", said Eric J. Risley, CEO of AClient Software Systems, the developers of MyProspectorLITE. "We created our mortgage calculators specificallyfor the loan originator, and made them easily accessible and independent of the rest of MyProspectorLITE so calculations can be made quickly without the need for entering any information about the customer."

"These calculators were developed so originators can answer potential clients questions and compare loan options very easily. For the calculators where appropriate, the originator can print out a quick report or in the case of the payment calculator email the examples directly to the customer.", added Mr. Risley.

As with most of the features in MyprospectorLITE, AClient Software specifically added tools and features for the mortgage originator. The MyProspectorLITE Payment Calculator allows up four examples using any of the supported loan types, including Option ARM and Temporary Buydowns, to be quickly calculated. This is a great way to answer client's questions and do quick payment comparisons if the customer isn't sure which loan program will work the best for their situation. The Payment Calculator also allows loan amounts to be calculated from the LTVs or the LTVs can be back-calculated from the loan amounts.

All the mortgage calculators are included in both the FREE and Premier versions of MyProspectorLITE including the Payoff Amount / Loan Balance Calculator which is used to estimate the balances of existing mortgages. Of course, MyProspectorLITE also includes an Amortization Table calculator that can create a printable amortization schedule for each supported loan type.

Originators also often need to disclose the true APR, so MyProspectorLITE includes a True APR calculator that takes the points, loan APR costs, prepaid interest, and PMI into consideration and calculates the true APR based on the provided information.

To round out the suite of loan originator mortgage calculators is MyProspectorLITE's unique Loan Officer Pricing calculator that allows originators to enter and store their common loan pricing adjustments from their rate sheets, enter and save up to four current rates and costs, then select the adjustments that apply to a particular loan program and the adjusted rates points and profit margin will be calculated for the entered rates. Of course the results can be printed on a page including the loan amount, date, and selected adjustments for the loan originator's records. And because everything is stored to the originators database, to use the Loan Officer Pricing calculator when rates change is easier, since only modification to the current rates and price need to be made. The adjustments only need to be changed if and when the investor changes them.

"Unlike in the past, information on mortgages like monthly payments and loan costs have become much easier for your potential clients to find. They are becoming used to it being only a phone call, or in many cases a mouse click, away.", says Eric Risley, "This is why we decided to create these calculators and put them at the top of our system Dashboard so originators that want access to these tools can find, and start using them, quickly. This will give all originators using our system even more tools to help them close more loans." According to Mr Risley one originator let us know the day we released the calculators that he had already used the Payment Calculator to help secure three loans with potential clients that called inquiring about rates.

Concludes Mr. Risley, "Another great feature of MyProspectorLITE is that many of these calculators are also integrated into the Client area of the system, so the calculations can be created and stored for individual clients!"

The functionality of the mortgage calculators is identical for MyProspectorLITE FREE and MyProspectorLITE Premium. Users can help support MyProspectorLITE by upgrading to MyProspectorLITE™ Premium for $200 per year or less for multiple year subscriptions.

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AClient Software Systems is a Massachusetts based provider of web-based software solutions for the mortgage industry. For more information on MyProspectorLITE, MyDripMarket, or to schedule an interview with Eric Risley, please call 1-800-244-1777 or email info@myprospectorlite.com.