To get your evaluation copy of LCS.
Loan Comparison System - Evaluation Procedure
Thank you for your interest in the Loan Comparison System (LCS).
Run setup.exe to install.
The evaluation program is a fully functioning copy of LCS. However, the program will shut down in 30 days time.
An example data service file from Cannex has been packed with the program and will install when you run setup. This file contains comprehensive mortgage market data. The file name is Cannex.lcs.
The data provided is fairly current, you can check the actual date with File | Issue Date.
You can get a very quick appreciation of the capabilities of LCS by following these instructions :-
1) From the main menu buttons select Product Comparison..
2) Press Compare and view the resulting comparison table.
3) Note the number of loans being compared - in the bottom left hand corner.
4) Press Chart to view the Comparison Chart. Note the Maximum and minimum comparison rates, and the rate range. Press OK and return to Front Desk.
5) Press Profile to bring the Mortgage Profiler on screen.
6) Select Variable rate, deselect the other rate types, then press OK.
7) Now note the number of loans in the bottom left hand corner. This will be reduced as you have restricted the comparison to variable loans.
8) Press Compare and view the results. This time use the scroll bar at the bottom of the table to scroll to the right. View the extent of information provided for each loan. You will find the necessary keys to these parameters in the Help for this screen. (The help button is in the bottom right hand corner of the screen). This is a good time to read the Help screen !
9) Open the Profiler again. This time select fixed rate loans, and deselect variable rate loans. Select a Minimum fixed term of 1 Year. Select a Maximum term of 2 Years. Press OK.
10) Note the number of loans to be compared. Perform a Comparison and examine the results.
11) Select the Mortgage Profiler and press the Maximum Loans button. This ensures that the maximum number of loans are presented for comparison. Now select Redraw Facility. Now the analysis will be restricted to loans which offer the redraw feature. Press OK.
12) Note the number of loans, perform a comparison, and view the results.
13) Select the Profiler again. At this stage we recommend that you press the Help button. Read the help screen to consolidate your understanding of how the Profiler works.
14) Select Maximum Loans and then tick Transaction Account.
15) Press the Details button and bring on screen the Transaction Account Profiler. This screen works much the same as the Main Profiler screen. This time it is about inclusion in the analysis of certain types of Transaction Account. You can also specify the methods of access to funds within the account. At this point, press the Help button and read the help screen to enhance your understanding of this feature.
16) Deselect All In One Account and 100 % offset leaving only Line Of Credit selected. You have specified that loans which are available as a LOC will be included in the analysis.
17) In the Access Methods section, select Auto Teller and Over the Counter. This specifies that only loans which have both Auto teller and Over the Counter access will be included. Press OK.
18) Back at the main Profiler screen, press Print and read the Loan Profile you have selected.
19) Back at Front Desk, check the no. of loans meeting your requirements. Perform a comparison and view the results.
20) Press the Comments button (bottom right of screen). The comments are extra items of interest provided by Cannex.
21) Select a parameter of interest and press View. Note that some of the parameters on offer will be non applicable for some loans.
22) Leave the Comments view screen and Front Desk, returning to the opening screen (the Main Menu Buttons). Select Help (top right hand corner on the main menu bar). Read the help on the Main Menu options.
There are many other features to explore, outside the scope of this brief introduction
We advise that you try every button on the Product Comparison. Also, double click on any entry on the comparison table to view a Loan Data Sheet. With a Loan Data Sheet on screen - press print.
Please use the Help buttons, which you will find on most screens.
Note that you can create your own database of loan products and scenarios, but if your interest is mortgage loans, the Cannex data which comes with your LCS subscription is comprehensive.
If you have any queries about the operation of the program please call on (03) 9482-2296, or email support@ts.com.au
Thank you for evaluating the Loan Comparison System (LCS).