Monthly Regulatory Change Management Advisory February 2022
Please find below our monthly Regulatory Compliance Change Management Summary as of January 31, 2022. A more complete document is available in the “Regulatory Change Management” section of www.CenAccess.com. If you are unable to log in to CenAccess, please contact your Client Manager for assistance. The next month’s Regulatory Compliance Change Management conference call will … Continued
Scheduled Maintenance for CCM Management Reporting
System maintenance will be performed on our CCM Dashboard Reports from 5-9 p.m. ET on Monday, Tuesday and Wednesday, February 21, 22 and 23. Only users who have access to CCM Dashboard Reports via a password protected hyperlink will be impacted. Please do not access CCM Dashboard Reports during this maintenance window. All other CCM … Continued
Washington State Foreclosure Fairness Program Reporting Update
Washington State has enacted House Bill 1108, which provides funding for its homeowner assistance program. The bill shifts the remittance requirement and payment amount to be based on Notice of Default rather than Notice of Sale. As a result, Cenlar’s previous report “Quarterly First Legal Report for Washington” is being retired and replaced. The last … Continued
In observance of the President’s Day holiday, Cenlar will be closed on Monday, Feb. 21, 2022. Any files received on Monday, Feb. 21 will be processed the night of Tuesday, Feb. 22. Output will be available the morning of Wednesday, Feb. 23.
Cenlar to Enhance Branch Feed Payment Process Many clients accept homeowner payments in their branches and then send these payments to Cenlar via a lockbox file (“branch feed”). Each branch feed triggers a series of complex steps between us and our clients, which we have been working to simplify. Branch feed files typically are ingested … Continued
Cenlar’s 2021 SOC 1 Report (covering the period of January 1, 2021 – September 30, 2021) and the SOC Bridge Letter (covering the period of October 1, 2021 – December 31, 2021) were published on Tuesday, January 18, 2022. These documents—along with the transmittal letter and FAQ—are available in the “About” section.
Homeowner Assistance Fund Update Last month, Cenlar shared initial information about the Homeowner Assistance Fund (HAF) program, a part of the American Rescue Plan Act that will provide $9.961 billion to states, Washington, D.C., territories, and tribes for homeowners impacted by COVID-19. Each state HAF program must be reviewed and approved by the U.S. Treasury … Continued
Homeowner Assistance Fund Update Our October 8, 2021 Client Bulletin shared initial details regarding the newly created Homeowner Assistance Fund (HAF) program. HAF, which was included in President Biden’s American Rescue Plan Act of 2021, will provide $9.961 billion to states, Washington, D.C., territories, and tribes for relief to homeowners impacted by the COVID-19 economic … Continued
2021 End-of-Year Service Notification
We will observe a technology and transfer “blackout” period from December 20, 2021 through January 4, 2022. This blackout period is primarily driven by Cenlar’s year-end system freeze. During this time, transfer activities (including programming changes and testing) will be halted for the following: New Loan Interface Development Processes. Inbound One-Time Bulk and Flow Transactions for … Continued
Thanksgiving Day Holiday Closure
In observance of the Thanksgiving Day holiday, Cenlar will be closed on Thursday, November 25, 2021. Any files received on Thursday, November 25 will be processed Friday night, November 26. Output will be available Monday, November 29, 2021.