ARM Audit  

The ARM audit module was developed to provide a loan level audit of an organization’s mortgage residential ARM portfolio at loan level or in batches. 

 
The module is designed to work in conjunction with servicing data and Mortgage Notes using OCR.  Servicers can use this software to:
 
  • Perform ARM "pre-audits" for quality control issues
  • Audit single loans, statistical samples or entire portfolios
  • Uncover systemic index errors in servicing function
  • Identify ARM loans with missing or incorrect ARM data parameters
  • Avoid costly litigation due to overcharges
  • Avoid undercharges causing company to lose profit
  • Perform arm audit with less time, less staff and effectively

The Arm Auditor software application can accommodate virtually any type of ARM loan structure -- any combination of rate and payment change intervals, adjustment intervals, rate and/or payment limitations or caps, negative amortization and principal curtailments. The software can also accommodate a mortgagor's actual payment history.

 
 
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