RSS Category: 01 CenAccess Client Advisory

Each year we reach out to you to confirm your direction on value certifications based on your borrowers’ original property values for PMI insurance purposes. We perform this certification annually to ensure we have your most up-to-date selections. You have the option to select either a Broker’s Price Opinion (BPO) or a full appraisal on all … Continued

Effective September 15, 2019 we are adjusting the fees we charge your borrowers for two payment options: the automated phone payment system and agent assisted phone payments. Revised fee schedules will be available via CenAccess on July 22, 2019 for those of you who need to submit and file with state regulators. The fee to … Continued

What’s changed? The Total Loan Count/Total Dollar Amount has been added back to the MRC for pages 3, 5, 7-12. Added a Chapter 12 Bankruptcy and an Other Bankruptcy category to the BK Pipeline Report on page 13. Active Bankruptcies should include these two new categories in its count.  Other Foreclosure category has been added … Continued

In observance of the July 4th Holiday, Cenlar’s offices will be closed on Thursday, July 4, 2019. All files received on Wednesday will be processed as normal and output will be available within the usual timeframes. Any files received on Thursday, July 4th, will be processed the night of Friday, July 5th and output will be available … Continued

We are pleased to announce we have made enhancements to our Quarterly NMLS Reporting Package and starting in July we will begin delivering a new set of NMLS reports. The enhancements are designed to streamline the use of the reports by providing a more consolidated summary along with the loan level information. Details of the enhancements … Continued

Cenlar is providing extended payment processing for the month of June by extending our Friday night cycle to allow for Saturday processing. As a result, GL files, extracts and reports normally delivered on Friday night will begin processing on Saturday evening and will be available no later than the morning of Monday, July 1st. Please … Continued

Please find our monthly Regulatory Compliance Change Management Summary as of April 30, 2019 here. This month’s Regulatory Compliance Change Management conference call will take place on Wednesday, June 5th at 3pm EST. To register for the monthly call, please email compliancechgmngt@cenlar.com. For your convenience, the call will be recorded and made available to clients … Continued

Introducing Bob Hora, Cenlar’s new Senior Vice President of Default Operations In a move to further strengthen our ability to provide you with exceptional, value-based service, I’m pleased to share that Bob Hora has been hired as Senior Vice President of Default Operations. Joining the company effective June 17th, Bob will be reporting directly to … Continued

As you may be aware, Section 597 of the New York Banking Law (NYBL) and Section 419.12 of Part 419 of the Superintendent Regulations requires registered mortgage loan servicers and exempt mortgage loan servicers regulated by the Department to file quarterly and other reports in the form prescribed by the Superintendent. In order to facilitate … Continued

Due to the new Investor Reporting Change Initiative (IRCI), all loans sold to Freddie Mac must be boarded to Cenlar’s loan servicing system within two business days after they are sold to Freddie Mac.  This is a new process and may require programming changes at your organization.  In addition to the timely boarding of loans, … Continued