S&P and Fitch Ratings on Cenlar FSB
Cenlar FSB has been reviewed by both Standard & Poor’s (S&P) Ratings Services and Fitch Ratings. Standard & Poor’s Ratings Services affirmed a Strong ranking on Cenlar FSB making it one of only three servicers in the country to receive this distinction. According to S&P’s report, the ranking reflects “Cenlar’s demonstrated high level of ability … Continued
CFPB Servicing Standards-Nov./Dec. 2013 Update
As a continuation of our monthly communications, we are updating you on our progress in meeting the CFPB’s National Servicing Standards that become effective in January 2014. This past month, members of Cenlar’s senior staff presented a company-wide overview of the CFPB changes. Additional specialized training was performed in specific departments. We expect as we … Continued
CFPB Servicing Standards-October 2013 Update
As a continuation of our monthly communications, we are updating you on our progress in meeting the CFPB’s National Servicing Standards that become effective January 2014. Cenlar continues to make positive progress on each of the nine categories of the CFPB’s National Servicing Standards as is evidenced below: Billing Statements: We have finalized the format … Continued
National Mortgage Insurance Company (NMI)
We are pleased to announce that Cenlar has added National Mortgage Insurance Company (NMI) to our list of approved Private Mortgage Insurance (PMI) carriers. All standard PMI operational guidelines and processes will apply for NMI loans. If you have any questions about this relationship, please contact your Relationship Manager.
CFPB Servicing Standards-September 2013 Update
As a continuation of our communications relating to changes being made as a result of the CFPB Servicing Standards, we are updating you on several changes occurring on billing statements and coupon books and the manner in which they are provided to your borrowers: The format of the current monthly billing statement will be change … Continued
CFPB Servicing Standards-August 2013 Update
As a continuation of our monthly communications, we are updating you on our progress in meeting the January 2014 date for compliance with the CFPB’s National Servicing Standards. Cenlar’s progress on each of the nine categories of the CFPB’s National Servicing Standards is outlined below: Billing Statements: We continue to work closely with our third … Continued