Adjustable Rate Mortgages
The Adjustable Rate Mortgage (ARM) module automates the tasks of servicing adjustable rate loans, including setting up and managing indexes and performing timely payments. There are many possible ARM indexes, each one has distinct market characteristics and fluctuates differently.
With the ARM Module You Can
- Generate unlimited rate and payment adjustments
- Support ceilings, floors, initial and subsequent/periodic rate caps, carryovers, and negative amortization
- Update ARM index rates automatically and via the Internet
- Automatic rate changes and borrower notification
The Mortgage Office™ compiles five years of historical values for the most widely used indexes. These historical index values are regularly updated and offered free of charge to our users for download from within The Mortgage Office™.
View The Mortgage Office™ Hardware and Software Requirements