Related Articles
Running the ARM Adjustment Status Update
The ARM Adjustment Status Update (Upd) event in Event Manager is the third step in the ARM review process (the second step is running ARM Notices letters). You should run this update every day after you run ARM Notices letters. You do not have to ...
Running the Daily Interest on Escrow Accrual Update
This update calculates the amount of interest on escrow accrual for each loan that accrues interest on escrow. The update also calculates the amount of interest on loss draft accrual for each loan that accrues interest on loss draft. It is ...
My Adjustable Rate Mortgage (ARM) Loan Did Not Update the Rate Change Date and P&I Change Date
If you notice that your ARM loan(s) are not being updated even though you are performing the necessary updates, check for the following The index rate might not exist for the time period in which the loan needs to adjust. Check to see if a Comment ...
Running the Payment Schedule Generation Update
The Payment Schedule Generation update computes and stores detailed payment due information for each loan up to the current or next due date. This update is included in Servicing Director as a daily close-out event. You should run it every day after ...
Running the Automatic Escrow Refund Update Event
The Automatic Escrow Refund event will build a miscellaneous batch in Disbursements, which will include all loans that paid off 15 days or more and have a escrow balance greater than zero. To run the Automatic Escrow Refund Update event: Select ...