In observance of Columbus Day, Cenlar’s offices will be closed on Monday, October 13, 2014. All files received on Friday will be processed as normal and output will be available within the usual timeframes. Any files received on Monday, October 13th, will not be processed until the night of Tuesday, October 14th and output will … Continued
Valid ARM Plan ID Required at New Loan Boarding
The CFPB, as of January 2014 required the addition of the next interest rate change date to appear on the periodic billing statement for all Adjustable Rate Mortgages (ARMs). In order for this to occur, a valid ARM Plan ID must be submitted at the time a new loan boards our system. By the 1st … Continued
Shellshock (BASH Bug) Vulnerability
Cenlar FSB is fully aware of the current vulnerability surrounding the use of the Shellshock, the GNU BASH (Bourne Again Linux) utility including the initial advisory CVE-2014-6271 and the follow-up advisory CVE-2014-7169. Please note that our acknowledgement also encompasses advisories on specific BASH related exploits including CVE-2014-6277, CVE-2014-7169, CVE-2014-7186, and CVE-2014-7187. We have tested all … Continued
Funding of Principal and Interest (P&I) Advances
In fourth quarter 2014, our servicing system provider will install custom programming which will allow for funding of Principal & Interest advances to be controlled at the payee level and enhance the advance repayment process. This change will only apply to your organization if you currently have portfolios with Scheduled/Scheduled or Scheduled/Actual remittance types or if you … Continued
In observance of Labor Day, Cenlar’s offices will be closed on Monday, September 1, 2014. Any files received on Monday, September 1st, will not be processed until the night of Tuesday, September 2nd and output will be available by Wednesday morning, September 3rd.
Extended Month End Processing through the Labor Day Weekend
In order to provide extended payment processing this month, Cenlar will not be releasing our file to LPS on Friday night. As a result, GL files normally delivered on Friday night will not be available until Monday morning at the latest. All other reports and extracts will be available on Monday morning. Please make sure … Continued
In observance of the July Fourth Holiday, Cenlar’s offices will be closed on Friday, July 4, 2014. All files received on Thursday will be processed as normal and output will be available within the usual timeframes. Any files received on Friday, July 4th, will not be processed until the night of Monday, July 7th and … Continued
Daily and Monthly Client Output Delay
There is a delay in the production of your Daily and Monthly Client Output today, July 1, 2014. As a result, the Daily file delivery will not be completed until early afternoon and the Month-end / Quarter-end file delivery will extend into the evening hours. Your Relationship Manager will provide updates throughout the day as … Continued
In order to provide extended payment processing this month, Cenlar will not be releasing our file to our mortgage service provider on Friday night. As a result, GL files normally delivered on Friday night, will not be available until Monday morning at the latest. All other reports and extracts will be available on Monday morning. … Continued
Fannie Mae LPI Compliance Certification
Cenlar filed a Lender Placed Insurance Compliance Certification to Fannie Mae certifying the following: All lender-placed insurance premiums charged to the borrower or reimbursed by Fannie Mae exclude commissions or payments earned on that policy by the servicer, broker or any affiliated entity, including any incentive-based compensation regardless of its designation as commission, bonus, fees … Continued