Interest on Escrow (“IOE”) in Wisconsin
On April 17, 2018, the state of Wisconsin passed Assembly Bill 822. Under the previous law, Wis. Stat. Ann. § 138.052, certain financial institutions and mortgage bankers who required an escrow account be established for either payment of taxes or insurance, were required to pay interest on the outstanding balance of the escrow account annually. … Continued
Consolidation of MERS Audit 01-02-03-04 Reports
Effective October 1, 2018, in an effort to streamline the process and make it easier for you, the MERS Audit 01, 02, 03 and 04 files will be discontinued. Beginning in February, 2018, in addition to the files referenced above, we began delivering the two consolidated files listed below to you via Secure File Transfer … Continued
In observance of the July 4th Holiday, Cenlar’s offices will be closed on Wednesday, July 4, 2018. All files received on Tuesday will be processed as normal and output will be available within the usual timeframes. Any files received on Wednesday, July 4th, will be processed the night of Thursday, July 5th and output will be available … Continued
Fannie Mae and Freddie Mac eMortgage/eNotes
We are excited to announce that Cenlar is approved and ready to service your Fannie Mae and Freddie Mac eMortgage/eNote loans. The main difference between eNote servicing and paper mortgage servicing is the MERS eRegistry, which requires updates to be done by the Client in that system for life of loan events. The eNote will be … Continued
Extension of Month End Processing
Cenlar is providing extended payment processing for the month of June by extending our Friday night cycle to allow for Saturday processing. As a result, GL files, extracts and reports normally delivered on Friday night will begin processing on Saturday evening and will be available no later than the morning of Monday, July 2nd. Please … Continued
Cenlar Disabling TLS 1.0 in Key Applications
In order to strengthen the safety and security of client and borrower data and information, Cenlar will be enforcing TLS 1.1 and 1.2, industry standards, as our communications encryption protocol on all of our web interfaces. This use of the latest security protocols in our systems is being done in an effort to maintain the highest … Continued
On Friday, June 8, 2018 at 11 pm EST, CenNet will be down for approximately 15 minutes for scheduled maintenance. During this brief time, CenNet will be unavailable to your customers. Global Teller will still be available for your access.
Disaster Forbearance Dashboard Webinar
As a reminder, Cenlar’s Servicing Operations will be hosting a one-hour WEBINAR to highlight the recent changes to our Disaster Forbearance Dashboard. Please join us! Details are as follows: Thursday, June 14, 2018 1:00 pm EST Conference line number: 1-800-371-9219 Access code: 9390031 To join WebEx meeting: Join WebEx meeting Meeting number (access code): 739 … Continued
Updated Disaster Forbearance Report
Based on feedback we’ve received from you, we have enhanced our Daily Disaster Forbearance Report. We’ve expanded the data we will be reporting to keep you informed of the performance on your loans affected by the natural disasters. This new report will be available on your FTP site as of Thursday, May 24. During the … Continued
In observance of Memorial Day, Cenlar’s offices will be closed on Monday, May 28, 2018. All files received on Friday will be processed as normal and output will be available within the usual timeframes. Any files received on Monday, May 28th, will be processed the night of Tuesday, May 29th and output will be available the morning … Continued