23
Nov
2021 End-of-Year Service Notification
We will observe a technology and transfer “blackout” period from December 20, 2021 through January 4, 2022. This blackout period is primarily driven by Cenlar’s year-end system freeze. During this time, transfer activities (including programming changes and testing) will be halted for the following:
- New Loan Interface Development Processes.
- Inbound One-Time Bulk and Flow Transactions for new sellers. No new sellers will be established during this period of time.
- Bulk and Interim Service Loan Releases. It is customary not to release loans at year-end. Any releases requested on or after December 27, 2021 will need to be upon advance agreement.
Transfer Schedule Modifications
The dates to submit loan level list/files for Internal Transfers and Flow Transactions (‘Monthly Bulks’) have been modified and outlined below.
| Month | Transfer Type | Activity | Date |
| Nov-21 | Flow Transactions also known as ‘Monthly Bulks’ | Submission of Final Data File | · No later than Tuesday, 11/23/21 |
| Nov-21 | Internal Transfers | Submission of Final Loan List | · Monday, 11/08/21 (no change to standard)
· Tuesday, 11/23/21 |
| Dec-21 | Flow Transactions also known as ‘Monthly Bulks’ | Submission of Final Data File | · No later than Monday, 12/20/21 |
| Dec-21 | Internal Transfers | Submission of Final Loan List | · Wednesday, 12/08/21 (no change to standard)
· Tuesday, 12/21/21 (change from standard date of the 23rd) |
New Loan Submissions
- New loans requiring maintenance of year-end fields must be sent to us via a corrected 1098 data file by December 10, 2021. This will ensure borrowers receive the correct Form 1098 information. Please submit requests via CCM.
- All new loans closed in 2021 must board by January 7, 2022. This will enable us to complete year-end tax reporting and distribution of a Form 1098 to your borrowers.