RSS Category: 01 CenAccess Client Advisory

You will find our monthly Regulatory Compliance Change Management Summary as of February 28, 2018 here. Noteworthy Items: California SB 2 (Cal. GOV. Code 27388.1) – Effective of January 1, 2018, this legislation imposes an additional fee of $75 per recording (not to exceed $225) to be paid at the time of the recording of … Continued

Due to inclement weather, Cenlar’s New Jersey and Pennsylvania offices will close early today at 12:30 PM (ET). However, our Call Centers will remain open to assist your borrowers. It is expected that our offices in New Jersey and Pennsylvania will open for business as usual tomorrow.  

As you may know, on February 9th, 2018, Congress reauthorized the ability of some borrowers to deduct Mortgage Insurance Premiums (MIP) after the original 1098 was issued by Cenlar. Cenlar is following the IRS’ guidance on the deduction for MIP, which advises lenders who have already filed IRS Form 1098, and did not include reportable … Continued

CenNet, our borrower-facing website, will be unavailable from Friday, March 2, 8:00 pm ET until Saturday, March 3, 6:00 am ET due to scheduled maintenance. If your borrowers need assistance during this time, our IVR, automated phone system, will be available. If you have any questions, please contact your Relationship Manager.

The monthly Regulatory Compliance Change Management Summary, as of January 31, 2018 can be found here. Noteworthy Items: West Virginia Consumer Credit and Protection Act (SB 344 & SB 563) – projected compliance date has been extended as Cenlar works through a larger systemic implementation of the required letter changes. The risk for noncompliance is … Continued

The monthly Regulatory Compliance Change Management Summary, as of December 31, 2017 can be found here. Starting this month, we will be hosting a Monthly Regulatory Compliance Change Management conference call to discuss each summary. The conference call will be a listen-only one hour session where we will highlight the monthly summary changes and address … Continued

In observance of Presidents Day, Monday, February 19th, Cenlar’s offices are closed however our call centers will be open with reduced staff available to service your customers. Our servicing system provider will be undergoing a data center migration starting Saturday, February 17th at 9:00 am EST with an estimated time of completion of early Sunday … Continued

You may have recently learned of vulnerabilities pertaining to certain chipsets from Intel, AMD and ARM, which make these CPUs potentially vulnerable to software-based exploits. You should know that Cenlar is fully aware of these vulnerabilities. We have taken a number of actions since the initial announcements, and have also established plans for additional actions. … Continued

Because these calls have proven to be so valuable to our clients, we will be hosting a second conference call on Monday, January 29th from 1 PM to 2 PM EST. On the call we will look to bring you fully up to date and provide pertinent information about the CFPB Mortgage Servicing Amendments. We … Continued

In observance of Martin Luther King Day, Cenlar’s offices will be closed on Monday, January 15th, 2018. Any files received on Monday, January 15th will not be processed until Tuesday night, January 16th, and output will be available by Wednesday morning.