Client Bulletin: November 10, 2022
An Update on Our Progress: HUD Letters Regarding Partial ClaimsLast month, we followed up with you about an issue being experienced by the U.S. Department of Housing and Urban Development (HUD). The agency sent two letters in September (Round 59 issued September 21, 2022 and Round 59-B, issued September 27, 2022) stating that HUD had not received the documentation to support certain Partial Claims (PC) processed by Cenlar. It is our understanding that other major servicers received similar notices, and are also working with HUD to resolve this issue. We’re pleased to announce that Cenlar is nearly finished processing the requested documentation, well in advance of the extended timeline provided by HUD. Once we’ve completed this, we will provide you the list of the loans/needed documents where we responded to HUD on your behalf so that you may reconcile this against any list HUD may have provided to you. Should you require anything additional, please submit a request through CCM.
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