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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.