End of Year (2017) Notification

As we approach the end of another successful year as your partner, we would like to provide you with an outline of the year-end schedule for loan boarding and transfer activity. Please review the important information below.

  1. The technology and transfer “blackout”* period for year-end 2017 is scheduled to begin Friday, December 22, 2017 and end Friday, January 5, 2018.
  2. Transfer Activities including programming changes and testing will be halted for the following activities:
    – New Loan Interface Development Process
    – Inbound One-Time Bulk and Flow Transactions (new Sellers)
    – Bulk and Interim Service Releases after 12/22/17 will need to be discussed and agreed to in advance. It is customary not to release loans at year-end.
  3. The dates to submit your loan level list/ files for December Internal Transfers and Flow Transactions (‘Monthly Bulks’) have been modified and are available in the attached schedule.
  4. The last day to send in a corrected 1098 data file for loans boarded in 2017 will be 12/15/2017. Please refer to the November monthly file 20171121_Yearend_File_Client Name for the most recent monthly data boarded to Cenlar that will be reported on the 1098 file. The most recent file, 20171121_Yearend_File_Client Name, includes November data on Tab 1 and year to date data on Tab
  5. All new loans closed in 2017 must board by January 12, 2018 so that year-end tax reporting can be completed, and a Form 1098 can be sent to your borrowers.

*The blackout period is primarily driven by Cenlar’s end of year system freeze.