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#2274989 - 08/31/22 05:09 PM Interest Only SOFR ARMs
Refresher2020 Offline
Junior Member
Joined: Aug 2020
Posts: 35
Rumor has it our company is looking into offering an IO SOFR ARM product. Is anyone else out there originating these? If so, are you originating and disclosing out of Encompass? Are there docs to accommodate this type of product?
Last edited by Refresher2020; 08/31/22 05:11 PM.
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#2275033 - 09/01/22 02:12 PM Re: Interest Only SOFR ARMs Refresher2020
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
I have not really heard of one and it would not be a QM - so it would be a portfolio product. We could prepare the documents - not sure about Encompass.
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