The Validate assistant allows you to scrub the ARM Indexes for any errors or discrepancies, allowing you to catch and correct errors early in the life of the loan. You can validate an ARM index through the loan file and through Tasks & Reports.
To validate an ARM index through the loan file:
- Click on the
Loan Servicing drop-down menu in the left panel of The Mortgage Office®. - Click the Loans drop-down menu.
- Click All Loans from the list that drops down.
- From the All Loans grid, select the loan you want to modify.
TIP: If the record you want to edit is not visible, use the grid's vertical scroll bar to scroll the contents of the grid up or down, or click 
Find to search for the record by entering your own search criteria. For additional information see How to Use Find and How to Use the Data Grids.
- Click
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Edit at the top of the screen or double-click on the selected file. - Click on
Terms in the left-hand navigation panel. - In the Terms page, click the ARM tab.
NOTE: Before you have access to the ARM tab, you must first let the system know this is an adjustable rate loan. To do this, select ARM-Adjustable Rate in the Rate Type drop-down menu located in the Options tab in the Terms page of the loan file.
- Click the blue Index hyperlink.
- Select the Index you want to validate.
- Click
Validate. - Once complete, the system will provide any errors found, or will let you know that no errors were found.
To validate an ARM index through Tasks & Reports:
- Go to
Loan Servicing in the left panel of The Mortgage Office®. - Scroll down to Tasks & Reports and click on it.
- Click
Manage Indexes located underneath the Adjustable Rate Mortgages section of the page. - Select the Index you want to validate.
- Click Validate.
- Once complete, the system will provide any errors found, or will let you know that no errors were found.
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