(1) The Ibis Kitchen Table Calculator is designed to run in MS Excel. It is fast, light, accurate and contains everything you need for pre-counseling proposals.

• The Estimates page is a side-by-side comparison of three HECM plans that you choose. Show your client why your LIBOR+275 handily beats your competitors LIBOR+300. Or the importance of your reduced loan origination fee.
• The Amortization Schedule allows you to enter multiple draws, change interest rates, change home appreciation, and instantly flick thru and compare the three plans.
• The Amortization Chart allows you to do the same in graphical form. To really accentuate the plan differences, you can freeze the maximum value on the Y-axis.
• On the TALC page you can also flick between the plans and see the various costs. Raise the initial LIBOR rate and see how it stacks up against a fixed-rate HECM.
• The Print page allows you to select what pages and how many copies you wish to print.
• Finally there is a California AB 329 disclosure. On January 1, 2010, these must be given to clients by lenders before the client goes to counseling.
• If you have a User ID supplied by Ibis, click here RMO_QQ.exe to download the kitchen table calculator.

(2) Ibis also has a website for iPhone, BlackBerry and other smart phones. http://bit.ly/VlqPv is one link to the mobile calculator. With a few inputs you can see a summary table and then a full side-by-side estimates page on your phone. Licensees tell us what two programs, margins/rates, service fees, loan fees, etc. to use for their version.