Initial ARM Notice Letter Lead Days

Initial ARM notices should be sent out 210 to 240 days prior to a rate change. The Letter Lead Days can be set up in the System Administration Application.

Environment:

Servicing Director
From System Administration, select:

Table Setup
Company screen
Loan Control tab
In the Initial ARM Notice Lead Days field, enter the number of days prior to the first payment change date that you want loans to be selected for the new Initial Interest Rate Adjustment ARM notice.

ArticleNumber:

000049079