Calculating an ARM Loan with a Rate Change in the Past

Calculating an ARM Loan with a Rate Change in the Past

Calculate an Adjustable Rate Mortgage (ARM) loan with a Rate Change Date in the past using the ARM module Calculate ARM screen.


  1. Open the ARM Module and enter the Loan ID.
  2. Select the Options menu.
  3. Select Calculate ARM.
  4. Enter the index rate the loan is using. You can also select a date range. If the date range is selected, all loans that need calculating will be put in the pending adjustments screen.
  5. Go to Event Manager and run the ARM Notice Letter, ARM Adjustment Status Update, and ARM Update events.

 

Note: If you are already in the calculation period (for example, if you have a 15-day letter lead on your ARM update event and it is 15 business days or less before the next change date), those loans will also pull into Pending Adjustments.

ArticleNumber:

000045541

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