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
Fannie Mae Call-in Elimination
As a reminder, February 1, 2017 was the effective date of the Fannie Mae Call-In Elimination effort (Future Changes for Investor Reporting). In reality, February was a transition month. Nevertheless, we wanted to keep you informed of progress made during this transition month, as well as prepare you for some of what to expect in … Continued
Since implementing our new wire system, effective December 5, 2016, the majority of our clients have updated their wire instructions to comply with the new wire account numbers and beneficiary names. If you have not yet done so, now is the time to update your information. Beginning March 6, 2017, Cenlar will no longer support … Continued
As part of our incremental security improvements to ensure that all client-facing applications are fully compliant with the FFIEC guidance on Authentication in an Internet Banking Environment (AIBE), Cenlar has developed a new version of Global Teller with enhanced security through an IP address lockdown. The IP address lockdown restricts the new Global Teller site … Continued
In observance of President’s Day, Cenlar’s offices will be closed on Monday, February 20, 2017. 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 20th, will not be processed until the night of Tuesday, February 21st and output will … Continued
Hashing Algorithm Improvements
On Sunday, February 19th, 2017, Cenlar will be improving security as it relates to the storage of passwords in Cenlar’s environment. To accomplish this improvement we will be changing the hashing algorithm to a newer, stronger algorithm and will implement a related security “salting” process. This is the replacement of the cryptographic hash function used … Continued
In order to proactively notify and educate your borrowers about the upcoming Year End Statement process, we are planning to send a generic e-mail blast to all borrowers who will be receiving Year End Statements and who have not opted out of receiving e-mail communications. This e-mail will be sent in early January 2017 and … 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, December 30th. As a result, GL files normally delivered on Friday night will not be available until the morning of Monday, January 2nd at the latest. All other reports and … Continued
Cenlar’s Holiday Schedule 2016
In celebration of the holiday season, our offices will be closed on Monday, December 26, 2016 and Monday, January 2, 2017.
RESPA Compliance-Procurement of Initial Escrow Account Statement
Section 1024.17 of RESPA specifies the need to provide Short Year statements in cases of Servicing Transfer and Loan Payoff. Cenlar produces the Short Year statements in these cases. RESPA requirements specify that the Short Year statement must be delivered to the borrower within 60 days of these events. For Cenlar to produce the information … Continued