Calyx Point 7 - Initial ARM Disclosure Statement; Completing the Initial ARM Disclosure

128 Calyx Software
Disclosures and other forms
To insert a provider before the selected provider, click Insert and enter the provider
information. The new entry is inserted before the entry that was selected when Insert
was clicked.
To delete a provider, use the arrow buttons to select the provider, and click Delete.
Initial ARM Disclosure statement
The Initial ARM Disclosure statement contains information about the terms of the
adjustable loan that the borrower is considering. This form explains to the borrower how
the interest rate is calculated and adjusted, how the payments are determined, and how
and when the payments can change over the life of the loan.
The following buttons, located at the bottom of the workspace, provide additional
functionality:
Calculate
Use the Calculate button to calculate the
Worst Case Scenario fields at the
bottom of the form.
Monthly Sch
Use the Monthly Sch button to view the amortization schedule based on the data
in the
Truth-in-Lending screen.
Truth-In-Lending
Use the Truth-in-Lending button to open the
Truth-in-Lending screen.
Completing the Initial ARM Disclosure
To complete the Initial ARM Disclosure screen:
1 Open a prospect or borrower file.
Note
The GFE Provider Relationship form can contain a maximum of ten
providers.
Related information
See Chapter 19, Contact management (Cardex), for information about
populating fields by using the Cardex database.
Related information
For information about the Truth-In-Lending disclosure, refer to Truth-
In-Lending Disclosure Statement, on page132.