First Payment Default/Early Payment Default Investigations

Going forward, Cenlar will no longer perform investigations on loans where there is a first payment default or a thirty day payment default and the loan was still delinquent at 120 days past the first payment due date.

Cenlar will provide the BSA contact(s) on record with a list of the loans that meet these criteria–from the time we cease performing these reviews to the present–and each month thereafter via secure FTP. The BSA contacts will be notified via email when the report is available for their review.