- Table Name
- This field sets the Table Name for the specific Rate Table in your Rate Sheet.
- The left (
 ) and right ( ) arrows allow you to modify the position of the Rate Table in relation to other Rate Tables.
- The copy icon (
 ) in between the arrows allows you to duplicate the Rate Table.
- Description
- This text box allows you to note any details specific to the Rate Table.
- Product Name
- This field is automatically filled based on the Product Type selected in the Add drop down menu.
- Payment Type
- Rate Type
- This field allows the Rate Type to be specified and matches the types allowed by the Product Edit Screen.
- This can be:
- Fixed
- Floating
- Adjustable
- When Adjustable or Floating is chosen, additional fields will appear allowing you to set the following:
- Minimum Initial Rate
- Index
- Minimum Spread
- Floor/Cap
- Initial Period
- Adjustment Frequency
- Maximum Initial Adjustment
- Maximum Periodic Adjustment
- Maximum Lifetime Adjustment
- Note: If you have set a Minimum Initial Rate or a Minimum Spread, you may see an orange warning from Andi® letting you know that your Minimum Rate is in effect. This will display when you are meeting your target, and reminds you that you should be able to quote a lower initial rate or spread, but doing so would violate your Minimum Initial Rate or Minimum Spread.
- Collateral
- This field allows you to specify the collateral properties for the Rate Table.
- You specify the LTV (Loan to Value) and Recovery for the collateral here.
- Target
- The target is pulled from the Product definition but can be adjusted by clicking on this field.
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- Origination Channel
- Clicking in the Origination Channel field will open a popup where you can select the one time cost that will be incurred by the bank at closing:
- Origination Channel
- The options listed here are fully configurable at the product level in the Administration Section.
- Additional Origination Expenses that the bank has to pay out, as:
- A percentage of fees paid by the borrower
- A percentage of the amount of the loan
- A dollar amount
- Some of these options may not be available since they are fully configurable at the product level in the Administration Section.
- Setting Up Origination and Servicing Channels
- Servicing Channel
- Clicking in the Servicing Channel field will open a popup where you can select the Annual cost that will be incurred by the bank at for the life of the loan.
- Servicing Channel
- The options listed here are fully configurable at the product level in the Administration Section.
- Additional Servicing Expenses that the bank will incur.
- Some of these options may not be available since they are fully configurable at the product level in the Administration Section.
- Setting Up Origination and Servicing Channels
- Fees
- Clicking in the Fees field will open a popup where you can enter fees that will be paid by the Borrower to the Bank.
- You can enter:
- Initial fees
- Paid one time only at closing
- Annual Fees
- Paid every year of the loan
- Discounts
- Clicking in the Discounts field will open a popup where you can enter any discounts that are offered for this specific product.
- Some of these options may not be available since they are fully configurable at the product level in the Administration Section.
- Options
- This field allows you to specify print grouping options for the columns in your Rate Table.
- Grouping Options:
- No Grouping
- Group by Maturity
- Group by Risk Rating
- Group by Expected Life
- There is also a checkbox to specify whether estimated APR is shown. If checked, the APR will display in parentheses to the right of the stated rate.
- Prepayment Option (Commercial Loan Rate Sheets)
- If enabled, Prepayment Option will display in the Details section with a dropdown menu.
- Available Prepayment Options:
- 5-4-3-2-1
- 3-2-1
- Yield Maintenance
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) to delete a specified loan range.
) in the bottom left to add a new loan range. (row)
