RSS Category: 01 CenAccess Client Advisory

There are instances where Cenlar must provide disclosures to the borrower that include entity licensing and contact information for regulators.  Based on these requirements, Cenlar is starting an initiative to obtain and maintain licensing and regulator information for our clients.  Please provide your Relationship Manager with a list of your entity’s state or federal licenses … Continued

Charlie Fues of Cenlar’s Client Relations department has earned the designation of Certified Mortgage Banker (CMB) by the Mortgage Bankers Association (MBA). Charlie was one of 17 professionals recognized this past weekend at a ceremony held at the MBA’s 102nd Annual Convention & Expo in San Diego, California. The MBA’s CMB Program delivers a highly … Continued

Michael (Mike) Day, Relationship Manager of Cenlar’s Client Relations department, has graduated from the Mortgage Bankers Association’s (MBA) Future Leaders Program. The Program is dedicated to identifying and cultivating the next generation of industry leaders by delivering a comprehensive leadership training experience for selected participants through events offered throughout the year. Mike was recognized recently … Continued

Cenlar will now require HOA information for all loans boarding that are subject to an HOA or is a Cooperative.  In order to identify loans with these requirements, we have added additional fields to the XML Specifications.  Please see the attached “HOA Field-Edit Definitions” spreadsheet which lists the fields and API edits that are in … Continued

As part of a systems upgrade, servers hosting the following CLIENT TESTING web sites will undergo an upgrade on 10/17/2015. Please review the list for any IP lockdown conditions or places where a system may be referenced by an IP address vs a website name. The old IPs will remain in operation until full DNS … Continued

As part of a system upgrade, the following  IP addresses will be changed to the new IP addresses listed. Changes for Single Sign On (SSO) , PLS Frames and Global Teller will take effect as of 10/12/2015. Changes for NLAI will be forthcoming and notification will be provided prior to the modification being made.  Please … Continued

Effective with the implementation of TRID, all new loans closing under the new forms will require the Closing Disclosure instead of the HUD1.  To minimize any changes needed for the image file delivery, we will use the same doc type and index currently in place for the HUD1 for the closing disclosure. Please send all … Continued

As you know, Cenlar has been preparing for the implementation of the TILA-RESPA Integrated Disclosure Rule (TRID) and is on track to be fully compliant as of the required implementation date of October 3, 2015. Below is a summary of our progress in the various Business Units as it relates to TRID: Loan Estimate/ Special … Continued

Beginning this month, Cenlar will send our business partners a monthly report of all FHA loans whose HUD Holder name is not in the name of our business partners. This report will be a loan level report that will provide all relevant information regarding the loan and its holder information (e.g. Loan number, FHA case … Continued

MERS sent a notification to all of their members on August 14th regarding incorrect information in a Fannie Mae Securitization Field that had been populated in the MERS Online System by Fannie Mae, not Cenlar.  It was requested that the information in the Fannie Mae Securitization field be cleared out at that time. We are … Continued