Cenlar Makes the HousingWire Tech100
We have great news to share! Cenlar was selected by HousingWire as a winner of its fifth annual HW Tech100 awards, recognizing Cenlar among the most innovative companies in the mortgage finance space. Cenlar received recognition for CenNet, its proprietary borrower-facing website solution. As you know, through CenNet, your borrowers have access to more than … Continued
Extension of Month End Processing
Cenlar is providing extended payment processing this month by expanding our Friday night cycle to allow for Saturday processing. We will be releasing our file to our servicing system provider Saturday, March 31st. As a result, GL files, extracts and reports normally delivered on Friday night will be available no later than the morning of … Continued
CFPB Mortgage Servicing Amendments
As part of our ongoing communications to you regarding this project, you will find our CFPB Mortgage Servicing Amendments update for the month of February 2018 here. Noteworthy Updates: The most current version of the Executive Summary has been provided. The current project plan for all items has been included. The following sections, effective October … Continued
Due to inclement weather, Cenlar’s New Jersey and Pennsylvania offices will close early today at 12:00 PM (ET). Our Call Centers will remain open to assist your borrowers. It is expected that our offices in New Jersey and Pennsylvania will open for business as usual tomorrow.
Cenlar FSB opens new location in O’Fallon, Mo.
March 14, 2018 O’FALLON, Mo.—Today the Missouri Department of Economic Development announced that Cenlar FSB, who services mortgage loans, has opened their first office in O’Fallon, Mo. with plans to grow its employee base up to 500 by year end 2018. “We’re excited to welcome Cenlar FSB to the state of Missouri,” Rob Dixon, Director … Continued
Monthly Regulatory Compliance Change Management Summary
You will find our monthly Regulatory Compliance Change Management Summary as of February 28, 2018 here. Noteworthy Items: California SB 2 (Cal. GOV. Code 27388.1) – Effective of January 1, 2018, this legislation imposes an additional fee of $75 per recording (not to exceed $225) to be paid at the time of the recording of … Continued
As a follow up to our Advisory on March 7, 2018 regarding the reporting of Mortgage Insurance Premiums on IRS Form 1098, we have begun re-issuing revised 1098s to impacted members. All revised 1098 forms will be mailed no later than Thursday, March 15th. The per-loan cost will be included in your next monthly bill. … Continued
Greg Tornquist, CEO and Chairman of the Board of Cenlar FSB announces new hire: Anthony Renzi
We are pleased to announce the hiring of Anthony (Tony) Renzi to the position of President and Chief Operating Officer (COO) at Cenlar. Tony will join Cenlar’s Management Team on March 26th and will focus on client success and delivering world class service. He will be instrumental in ensuring that Cenlar meets the growth needs … Continued
Cenlar FSB Appoints Anthony Renzi as President and Chief Operating Officer
March 13, 2018, Ewing, NJ…Gregory S. Tornquist, CEO and Chairman of the Board of Cenlar FSB a federally chartered savings bank specializing in mortgage subservicing, announces the appointment of Anthony (Tony) Renzi to the position of President and Chief Operating Officer (COO). Mr. Renzi will join Cenlar’s Senior Management team and will focus on client … Continued
As you may know, on February 9th, 2018, Congress reauthorized the ability of some borrowers to deduct Mortgage Insurance Premiums (MIP) after the original 1098 was issued by Cenlar. Cenlar is following the IRS’ guidance on the deduction for MIP, which advises lenders who have already filed IRS Form 1098, and did not include reportable … Continued