RSS Category: 01 CenAccess Client Advisory

Ginnie Mae has notified us and other custodians that they will begin to enforce a provision in Chapter 4 of the Ginnie Mae guide.  The provision states “The Issuer may not delegate or transfer to others (through a power of attorney or otherwise) its obligation or authority to perform the following functions…(c) withdraw mortgage documents from … Continued

In order to provide extended payment processing this month, Cenlar will not be releasing our file to our mortgage service provider the night of Friday, April 29th.  As a result, GL files normally delivered on Friday night will not be available until the morning of Monday, May 2nd at the latest.  All other reports and … Continued

Cenlar has completed the update to our New Loan Boarding Interface Specifications and corresponding edit file. The updated specifications include new fields that will allow us to better serve your interest and to maintain compliance due to regulatory changes. The new edits are tied to the new fields and are currently set as a warning. … Continued

We are excited to announce the rollout of our new Policy and Procedure platform, PolicyTech. PolicyTech allows us to centralize, simplify and strengthen our policy and procedure management lifecycle, allowing easy accessibility of our policies. PolicyTech provides enhanced features allowing users the ability to find policies and procedures quickly using powerful search functionality. Users can … Continued

The change to disable TLS 1.0 on production servers scheduled for March 6, 2016 has been postponed. We will send an update with the new date once it has been scheduled. We apologize for any inconvenience this may have caused. Please be sure to share this information with your IT department.

Cenlar FSB is proud to announce our latest initiative to utilize auction.com to potentially increase third party purchases benefiting both Pre-Foreclosure and Post Foreclosure sales in accordance with HUD’s Claim Without Conveyance Of Title (CWCOT) program. The overall goal of HUD’s CWCOT program is to sell assets to third parties thereby reducing HUD’s liability and … Continued

To improve information security, Cenlar will discontinue the support for TLS 1.0 encryption. This is being undertaken so that we can maintain security standard and promote the safety of our client data as well as align with industry best practices. We will implement this change in 2 steps: We will be disabling TLS version 1.0 … Continued

In observance of President’s Day, Cenlar’s offices will be closed on Monday, February 15, 2016.  All files received on Friday will be processed as normal and output will be available within the usual timeframes.  Any files received on Monday, February 15th, will not be processed until the night of Tuesday, February 16th and output will … Continued

In our continuing effort to serve you and your borrowers better, we are instituting certain steps to reduce “out of compliance” lien releases. As you are aware, there is a mortgage servicing industry problem in receiving the necessary documents from document custodians timely to record lien releases at the respective counties. Although Cenlar orders the … Continued

In order to provide extended payment processing this month, Cenlar will not be releasing our file to our mortgage service provider the night of Friday, January 29th.  As a result, GL files normally delivered on Friday night will not be available until the morning of Monday, February 1st at the latest.  All other reports and … Continued