Tag Archives: Test

Free of charge-flights of Air Force X-40A test car planned as element of NASA’s X-37 flight demonstrator system

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(PRWEB) March 16, 2001

The initial of up to seven free of charge-flight tests of the X-40A, an 85 percent scale version of NASA’s X-37 technology demonstrator, is planned to start this week at the Dryden Flight Investigation Center at Edwards, Calif.

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NASA and its sector partner The Boeing Company are making use of the X-40A, on loan from the U.S. Air Force, as element of its risk mitigation activities for the X-37 system. It will help test the shape, guidance and other systems for the X-37. Flight objectives consist of validation of Computed Air Information Systems (CADS), which will be utilized in the flight control technique of the X-37.

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Other test points are: in-flight overall performance evaluation of the Honeywell SIGI

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Space Integrated Worldwide Positioning Method Inertial Navigation Program test of manage space Operations and flight test of guidance, navigation and manage application.

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“These tests with the X-40A will give us a excellent deal of beneficial information applicable to the X-37,” said Dick Cervisi, Boeing Phantom Works X-37 plan manager. “Performing these tests will substantially reduce the threat to be encountered in the X-37 flight program.”

Recent US Treasury Announcement States that Net Present Value Test, Such as United Resources Solutions’, Will Ensure a Loan Modification

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Fort Lauderdale, FL (PRWEB) April 14, 2011

It’s no secret that our nation’s economy is in a slump. There have been numerous adverse consequences on the American folks as a result of the recession, including an improve in foreclosures. But in an work to stop foreclosures, much more and a lot more men and women are pursuing loan modification. Loan modification alters the terms of the loan to avert default. But in order to be regarded as for loan modification, a homeowner need to pass the NPV test. The NPV test measures the net present value (NPV) of your home. If a homeowner passes the NPV test, they will be authorized for a loan modification. The NPV test is not essential, but it can help. An on the web version of this test can be discovered with United Resources Solutions’ Web site. Even the US Treasury Department has recently said that it is the only certain way of receiving a loan modification.

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When somebody is in search of loan modification, they can take the NPV test in order to see if it will aid to stay away from foreclosure. The NPV test requires the homeowner’s cash flow and factors in the loan expenses with loan modification and with no loan modification. If the NPV test is constructive, then it indicates that the homeowner would have greater cash flow with a loan modification. The NPV test is a wonderful way for lenders to evaluate whether or not a modification would really support the homeowner or not. If it would not aid homeowner, then there’s no point in performing it.

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The major purpose of a loan modification is to prevent foreclosure. Foreclosures are a big loss of revenue for the bank as nicely as a blot on the borrower’s credit record, so it is typically in everyone’s very best interest to avoid foreclosure. Typically, a loan modification can alter a loan slightly so that the borrower is capable to pay for it. The NPV test can give the lender a far better concept of how helpful a loan modification would be. The NPV test is simple to run, and the NPV test is a wonderful way to save time. If the borrower passes the NPV test the borrower will be authorized for a loan modification.

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The NPV test is such a excellent indicator that the United States Treasury Department has even stated that passing the NPV test is the only positive way to be approved for loan modification. The documents from the Treasury Department go additional, stating that When Mortgage modifications have a optimistic NPV, it is in the ideal interests of lenders, servicers, investors, and borrowers to modify mortgages to lessen the risk of foreclosure. It is a great idea to take the NPV test if the borrower is getting a tough time paying their mortgage. A loan modification can support to make a borrower’s loan far more affordable. If the borrower is critical about getting a loan modification, take the NPV test. It is the best bet at acquiring the loan modification that is necessary.

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A good resource, and an NPV loan modification test can be identified at the &#13

United Resources Options internet site.

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Zoot Receives Industry Patent for Test File Modification Tool

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Bozeman, Mont. (PRWEB) August 30, 2012

Zoot, a leading provider of advanced instant credit decisioning and loan origination solutions, announced today that the U.S. Patent and Trademark Workplace granted the issuance of U.S. Patent Quantity eight,239,757 for the companys technique and technique for generating and modifying test data files utilised when testing the accuracy of a financial institutions credit decisioning logic.

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Prior to this invention, the only option financial institutions had for testing their decisioning logic was to manually produce a adequate test bed of test data files, run them by way of their system, manually overview every automated choice and compare it with hand-calculated outcomes to guarantee that it was making the appropriate decision, mentioned Tom Johnson, vice president of company improvement for Zoot Enterprises and a single of the named co-inventors on the patent. Our resolution offers an efficient, accurate and automated procedure for improving banks testing procedures.

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Zoots test file modification tool treatments the technological challenges for economic institutions of making and editing files to accurately and completely test every single aspect of their credit decisioning logic. Moreover, the tool automates the method through the use of an intuitive and effortless-to-use graphical user interface (GUI) that makes it possible for users to fully test their automated logic. The remedy both reduces danger and lowers costs.

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Some of the circumstances of a banks decisioning logic can be extremely rare, occurring less than when in ten,000 credit files. The consequence of that piece of logic becoming wrong in a production environment could imply the loss of hundreds of thousands of dollars each and every time it is encountered, based on the size of loans getting authorized by the automated technique, stated Johnson. Making use of this tool, software program developers no longer need to commit countless hours making and hand-editing test information files or rely on a volume test that may possibly miss particular circumstances.

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Tom Johnson, Pete Quinlan and Kevin Fletcher are inventors of the patent issued to Zoot Enterprises on August 7, 2012. For much more info about how this invention can help financial institutions testing procedures check out Zoots test file modification tool webpage.

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About Zoot&#13

Bozeman, Mont.-primarily based Zoot Enterprises, Inc. provides comprehensive credit decisioning, loan origination and credit threat management options to enable customers exclusive business objectives, leading to lengthy-term relationships with top U.S. and international monetary institutions. Zoots fast, high-volume processing atmosphere has the capacity to approach billions of transactions per year. Go to http://www.zootweb.com or get in touch with 406.556.7555 for more details. Zoot believed leaders are now featured on zootweb.com/blog.

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