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Round Rate |
  
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Navigation: Loan Screens > Investor Reporting Screen Group > Loan Investor Fields Screen > Rate Change Information tab > Guaranteed Rate field group >
Round Rate
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Round Rate |
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Entry: User, drop-down list
F/M: Yes
Mnemonic: None
Screen: Loans > Investor Reporting > Loan Investor Fields > Rate Change Information tab
Use this field to indicate the degree to round the Guaranteed Rate each time it changes on the selected customer loan account. Possible selections in this field are as follows:
| ROUNDING RATE | MNEMONIC |
| No rounding | Not defined |
| Eighths (1/8) | LNRRND |
| Quarters (1/4) | LNRRTQ |
| Sixteenths (1/16) | LNNRRS |
| Tenths (1/10) | LNRRI0 |
See Round Rate on the ARM Information screen for more information.