Updates to Freddie Mac Borrower
In response to Freddie Mac’s updated 2018-6 bulletin, Cenlar’s Mortgage Insurance Department has revised its process to align with Freddie Mac’s guidelines for borrowers requesting Private Mortgage Insurance (PMI) removal. For all borrowers requesting PMI removal, where Freddie Mac is the investor, the Mortgage Insurance Department will handle the requests based on the following: Original … Continued
Monthly Report Card (MRC) and Daily Dashboard Changes
Cenlar’s Monthly Report Card (MRC) and Daily Dashboard Reports have recently been streamlined and clarified to create consistency in terminology and layout. These changes are designed to align the two reports to reflect the same categorization of information and to eliminate any possible confusion between the reports. In January, the new versions of the MRC … Continued
Monthly Regulatory Compliance Change Management Summary
This month’s Regulatory Compliance Change Management conference call will take place on Wednesday, November 28 at 2pm EST. To register for the monthly call, please email compliancechgmngt@cenlar.com. For your convenience, the call will be recorded and made available to clients who are unable to attend. If you have already registered for a previous call there … Continued
In observance of the Thanksgiving Holiday, Cenlar’s offices will be closed on Thursday, November 22nd, 2018. Any files received on Thursday, November 22nd, will be processed the night of Friday, November 23rd, and output will be available the morning of Monday, November 26th.
Monthly Report Card (MRC) Update
Last month, Cenlar introduced a new version of the Monthly Report Card (MRC) that included changes to delinquency statistics and the Foreclosure (FC) Pipeline, as well as a second set of changes that included updates to portfolio totals and foreclosure breakdown. After rolling out that change, we identified the delinquency percentage was not calculating correctly. … Continued
We understand the importance of system security. In an effort to assist our business partners with the management of those employees who have access to Cenlar systems, your Client Manager will send you a monthly list of all active user accounts that we have for your organization. We ask that you review this list monthly … Continued
In observance of the Veterans Day Holiday, Cenlar’s offices will be closed on Monday, November 12, 2018. Any files received on Monday, November 12th, will be processed the night of Tuesday, November 13th, and output will be available the morning of Wednesday, November 14th.
End of Year (2018) 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. The technology and transfer “blackout period”, tied to our year-end freeze, for 2018 is scheduled to begin Monday, … Continued
Freddie Mac Investor Reporting Change Initiative (IRCI) Update
As you know, Freddie Mac has been working on an industry-wide initiative to more closely align with the industry standard, and Cenlar is dedicated to making this a smooth transition for our clients. We have a project management team assigned to this initiative who will actively engage all impacted areas to prepare for the change. As … Continued
NLAI (New Loans Application Interface) Enhanced Security
On December 21, 2018, as a part of Cenlar’s efforts to improve the security of services we provide to you, Cenlar’s Information Technology Team will be changing the URL (Universal Resource Locator) for the NLAI application. The new URL and the related changes that are being implemented will improve the security of the site and allow traffic … Continued