Change in Required Documents for New Loan Setup Package
Effective January 1, 2018, Cenlar will require a copy of the Notice of Servicing Transfer (NST) be delivered in the New Loan Setup Package for all new loans boarded.
This change is being made based on direction from our legal and compliance teams in order to evidence compliance with Regulation X 12 CFR 1024.21(d).
While the NST document will be tracked with our image vendor, (Notice of Servicing Transfer document type code ASIDL22), it will not delay the New Loan Quality Assurance review. The document will, however, remain on the Missing Document report until it is satisfied.