CFPB Mortgage Servicing Amendments

Please see our monthly CFPB Mortgage Servicing Amendments update.

Noteworthy Updates:

  • Business Requirement Document for Periodic Billing Statement – Bankruptcy has been completed and can be found here.
  • Business Requirement Document for Successors in Interest – Anticipated completion date updated to 6/30/2017
  • Current project plans for items with an October 19, 2017 implementation date has been included.
  • The most current version of the Executive Summary has been provided.

Additionally, in last month’s communication it was noted the Cenlar Compliance Department will be hosting a conference call for our Clients on Thursday, June 29th from 2 to 3pm EST on the CFPB Mortgage Servicing Amendments. The conference call will be a listen only one hour session to provide our clients with a high level overview of the CFPB Mortgage Servicing Amendment requirements and the current status of the action plans and timeframes for implementation. It will be hosted by Lynn Tarantino, Cenlar’s Chief Compliance Officer and Jennifer Rowen, Cenlar’s VP of Compliance Program Management.

To register for the conference call please email compliancechgmngt@cenlar.com. Please note there is a limited number of participate lines available but the call will be recorded for distribution to clients who are unable to attend. In addition to providing information regarding the implementation of the rules, Cenlar will attempt to address client concerns on the call.

If you have a question or concern please email compliancechgmngt@cenlar.com. The most common questions/concerns will be addressed on the call. Any outstanding items will be addressed individually with clients, as necessary.