Adjustable Mortgage Notices
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Overview of IL447
This report generates statements for loans that have an upcoming scheduled adjustment, and provides borrowers with a preview to the expected changes to the loan. The output displays information such as borrower name, adjustment date, balance, rate, payment and pending rate. To generate the report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Loans
- Double-click Reports
- Double-click 447 Adjustable Mortgage Notices. The parameters screen will launch:
You have the following options on this screen:
| Field | Description | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Start date | Enter the beginning date of the range that you wish to generate notices for. You can enter the date in mm/dd/yyyy format or click the calendar icon to select a date | ||||||||
| End date | Enter the ending date of the range that you wish to generate notices for. You can enter the date in mm/dd/yyyy format or click the calendar icon to select a date | ||||||||
| Loan number | If you wish to generate the notice for just a particular loan, you can do so here by either typing in the loan number or by clicking the list icon to the right of the field to select from a list of loans in the system. Leave the field blank to generate for all loans meeting the other criteria selected | ||||||||
| Adjust methods | If you wish to filter your results based on adjustment methods, you can do so here. You can type the adjustment method code or codes, separated by commas, or click the list icon to select from a list of adjustment codes in the system. Leave the field blank to generate notices for all loans meeting the other criteria selected | ||||||||
| Generate notices | If you select this box, the system will generate a merge file so that you can print and send notices to your borrowers. An additional field is enabled when you select this box, to enable you to select your merge method. Click the list icon to select the method desired to create the notices. Your options are:
|
Mailmerge Fields
This report generates mailmerge data (max 50) and has the potential to include the following fields.
| Name | Description |
|---|---|
| LoanNum | |
| Registration | |
| AdjustDate | |
| AdjustFrequency | |
| CurrentRate | |
| CurrentPayment | |
| AmortizationTerm | |
| Address1 | |
| Address2 | |
| Address3 | |
| Address4 | |
| Address5 | |
| Address6 | |
| Address7 | |
| Address8 | |
| DefaultRate | |
| NewRate | |
| NewPayment | |
| PastDue | |
| LoanSupport | |
| WeightedAverage | |
| RemainingPayments | |
| RegAddr1 | |
| RegAddr2 | |
| RegAddr3 | |
| RegAddr4 | |
| RegAddr5 | |
| RegAddr6 | |
| Salutation | |
| RequiredDocument | |
| AmortizationDate | |
| LoanBalance | |
| DecreaseWording | |
| SummaryName | |
| SummaryLocation | |
| AdjustDatePlus |
Merge Form Selection Rules
| Form | Description |
|---|---|
| LANPD | |
| LANP | |
| LANLSP | |
| LANLSP2 | |
| LAN2 | |
| LAN |
Print Options
After clicking the Print Options button you will see the following options. Choose the desired options and click OK to return to the report parameters screen.
| Option | Description |
|---|---|
| Printer | Click the drop down arrow to select from a list of available printers. DDI Connect uses your default printer unless told otherwise |
| Format | Click the drop down arrow to select from a list of available formats. Select paper size, number of columns, and number of rows for printing. Each report has built-in format defaults. Select “Use Defaults” to use the built-in report defaults. The number of rows and columns controls the print size and amount of information per page |
| Memo | If you wish, you can add a memo to the output of the report. NOTE: It is recommended that Word documents be saved with the .docx extension |
| View Report | This option generates a pdf file that is displayed on the screen when the report is generated |
| Archive Report | If this option is selected, the system will archive the report in the DDI Connect report archives. For information on working with archived reports, please reference this page: Archived Report Viewer |
| Print Report | If selected, the system will generate the report output to your default printer. NOTE: You will also receive a pdf version of the report, displayed on your screen |
| Print via PDF | Prints directly to your printer. |
| This option allows you to send a .pdf attachment of the report to the indicated users' email addresses. When OK is clicked, a dialog box will open requesting a recipient | |
| Duplex/Top | Prints the report on both sides of the paper in landscape style. The printer must be capable of printing on both sides or an error will occur |
| Duplex/Side | Prints the report on both sides of the paper in portrait style. The printer must be capable of printing on both sides or an error will occur |
| Green bar | Adds shaded, horizontal bars to the report, making it easier to read across columns |
| No dialog | Selecting this option means that no ‘Report Completed’ dialog will display after the report has been generated |
| Extra copies | If you want extra copies of the report generated, type the number in this field |
Click Start. The system will now generate the pdf output. Click below to see a sample of this report.
If you chose to generate notices, you will now have to merge and print the actual notices. For information on how to do so, please reference this page: Merging Documents. Click below to see a sample adjustable mortgage notice.
