Setting Up ARM Indices

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 index. 

For detailed steps, see the Servicing Director application Help topic: Setting Up Indices.

ArticleNumber:

000048501

    • Related Articles

    • 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 ...

    • Deleting ARM Templates

      You can delete templates that are not being used by any existing ARM loans. Templates you delete will no longer appear in the Template Description field on the ARM Information screen. Use the Adjustable Rate Mortgage Application Options > ARM ...

    • 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 ...

    • 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 Security Permissions for User Groups

      Follow these steps to add and modify a new user group. The attached worksheet is provided as a tool to use when setting up new groups. Groups are set up with permissions for access and update capabilities throughout Servicing Director. Users assigned ...