New York’s Volume of Servicing Report
As you may be aware, Section 597 of the New York Banking Law (NYBL) and Section 419.12 of Part 419 of the Superintendent Regulations requires registered mortgage loan servicers and exempt mortgage loan servicers regulated by the Department to file quarterly and other reports in the form prescribed by the Superintendent. In order to facilitate compliance with the filing requirements of Section 419.12, the Department has developed the Volume of Servicing Reporting System (VOSR).
Effective for 1st Quarter 2019, NY added to the breakdown of loan types to now include USDA as a separate line item. Cenlar also added a line item for USDA loans on the VOSR report that we send to you quarterly. These changes will be available for the 6/30/19 quarter end reporting.