Point User Guide
129
Disclosures
2
Open the
ARM Disclosure (Initial)
from the
Forms
menu or the shortcut toolbar.
3
Complete the
Brokerage Name
section.
These fields can be predefined by specifying the company defaults in the utility
function.
To manually enter this information or use the Cardex database to populate these
fields, select the
Manually enter company information on page 4 of the 1003
check
box in the
Company Information
dialog box when the company information is
defined.
4
Complete the
Lender
Name
and
Loan
Program
fields.
Use the Cardex database to populate the
Lender
Name
field.
5
Complete the
How your Interest Rate is Determined
section.
a
Select the index base from the dropdown list, or enter it manually.
b
Enter the location where the borrower can find additional information about how
indexes are calculated in the
Information
about
the
Index
is
available
at/in
field.
c
Indicate how the interest rate was determined by selecting the applicable
Your
interest rate is based on
check box and completing the corresponding field.