Fannie Mae Future Changes for Investor Reporting – Cenlar October-November 2016 Update
This update on the Fannie Mae Future Changes for Investor Reporting Implementation will be brief. Since Fannie Mae expects each servicer to complete Fannie Mae’s FCIR Operational Readiness and Acknowledgement Form by December 1, 2016, “Are we Ready?” is now the pressing question. At this point, all of the pieces of this effort are beginning … Continued
Fannie Mae Future Changes for Investor Reporting: Impact on Servicing Transfers
As a Cenlar client engaged in Servicing Transfer activities on Fannie Mae Loans that Fannie Mae’s Call-in Elimination (CIE) or Future Changes to Investor Reporting, you may be impacted on Servicing Transfers occurring in the first quarter of 2017. In Lender Letter LL-2016-01, in April of this year, Fannie Mae re-iterated that it would implement a … Continued
End of Year (2016) Notification
As year-end 2016 is approaching, we would like to outline the year-end schedule for loan boarding and transfer activity. Please review the information below. The technology and transfer “blackout*” period for year-end 2016 is scheduled to start Monday, December 19, 2016 and end Friday, January 6, 2017. Transfer Activities to be halted during the blackout … Continued
CFPB 2016 Mortgage Servicing Rule – Update
On August 4, 2016, the Consumer Financial Protection Bureau (CFPB) issued a final rule (2016 Mortgage Servicing Rule) amending certain mortgage servicing provisions in Regulation X (RESPA) and Regulation Z (TILA). On October 18, the 2016 CFPB Mortgage Servicing Rule was published in the Federal Register. All provisions (except the ones below) are effective October … Continued
In observance of Veterans Day, Cenlar’s offices will be closed on Friday, November 11, 2016. All files received on Thursday will be processed as normal and output will be available within the usual timeframes. Any files received on Friday, November 11th, will not be processed until the night of Monday, November 14th and output will … Continued
Weekly Satisfactions Dashboard
We are excited to inform you that starting this Friday, November 4th, we will be delivering to you, each and every Friday, enhanced management dashboard reporting for our Lien Release processing. This reporting, which is based on the existing Pending Satisfactions daily report you currently receive, will enable to you to quickly monitor aggregated key … Continued
As Hurricane Matthew impacts the east coast, Cenlar is taking action to minimize disruption in service to our clients and their borrowers, as events allow and in so far as it is in our control. Cenlar does work with vendors in affected areas, including some mission critical vendors in Florida and South Carolina such as … Continued
Effective 9/18/2016 we will be disabling TLS version 1.0 from our production site listed below. sft.cennet.com (IP address: 12.26.45.84) Please be sure to share this information with your IT department.
In observance of Labor Day, Cenlar’s offices will be closed on Monday, September 5, 2016. Any files received on Monday, September 5th, will not be processed until the night of Tuesday, September 6th and output will be available by Wednesday morning.
In observance of the July Fourth Holiday, Cenlar’s offices will be closed on Monday, July 4, 2016. Any files received on Monday, July 4th, will not be processed until the night of Tuesday, July 5th and output will be available on Wednesday morning.