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Modifying ARM Templates
You can change existing ARM templates. Templates you change do not affect ARM loans that currently use the templates. Use the Adjustable Rate Mortgage application Options > ARM Template screen to edit a template. For detailed steps, see the Servicing ...
Running the ARM Update
The ARM Update event (ARM Upd) in Event Manager completes the ARM review process. You must specify criteria for this update before you run it at the end of every business day from the Event Manager. To Run the ARM Update event, use Event Manager and ...
Setting Up Construction Loan Templates
If you have many loans that share the same characteristics, you can use loan templates to save time when you enter profile information for a loan. When you select a template on the profile screen, Servicing Director completes all of the fields with ...
Subsequent ARM Notices and ARM Notices Letter
When generating a Subsequent ARM notices or an ARM notices letter, the following must be true: There must be a valid index rate. This is based on there being a record in the Index Table that corresponds to the Look Back Period Date. You get the Look ...
Setting Up ARM Indices
Set up indices that you want to use in ARM calculations. After you set up indices, you can add interest rates and use them to calculate new rates and payments. Use the Adjustable Rate Mortgage Application Options > Setup Index screen to setup a new ...