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As year-end 2016 is approaching, we would like to outline the year-end schedule for loan boarding and transfer activity.  Please review the information below. The technology and transfer “blackout*” period for year-end 2016 is scheduled to start Monday, December 19, 2016 and end Friday, January 6, 2017. Transfer Activities to be halted during the blackout … Continued

As a Cenlar client engaged in Servicing Transfer activities on Fannie Mae Loans that Fannie Mae’s Call-in Elimination (CIE) or Future Changes to Investor Reporting, you may be impacted on Servicing Transfers occurring in the first quarter of 2017. In Lender Letter LL-2016-01, in April of this year, Fannie Mae re-iterated that it would implement a … Continued

On August 4, 2016, the Consumer Financial Protection Bureau (CFPB) issued a final rule (2016 Mortgage Servicing Rule) amending certain mortgage servicing provisions in Regulation X (RESPA) and Regulation Z (TILA). On October 18, the 2016 CFPB Mortgage Servicing Rule was published in the Federal Register. All provisions (except the ones below)  are effective October … Continued

In observance of Veterans Day, Cenlar’s offices will be closed on Friday, November 11, 2016.  All files received on Thursday will be processed as normal and output will be available within the usual timeframes.  Any files received on Friday, November 11th, will not be processed until the night of Monday, November 14th and output will … Continued

November 3, 2016, Ewing, NJ – Recently, Cenlar’s Antoniette (Toni) Black was recognized as a Future Leader at the MBA’s Annual Convention and Expo in Boston, Massachusetts. The MBA’s Future Leaders Program, now in its 20th year, delivers a comprehensive leadership training experience to highly engaged professionals, like Toni, helping to advance their careers in … Continued

November 3, 2016, Ewing, NJ –Recently, Cenlar recognized employees with 20+ years of service, the “20 Year Club,” with an honorary dinner at the Trenton Country Club in West Trenton, NJ. Cenlar President and CEO, Gregory S. Tornquist, was on hand to personally thank these employees for their dedication to the company. “We work hard … Continued

Cenlar FSB Ranking as a Residential Mortgage Primary Servicer Affirmed at STRONG; Outlook Stable October 18, 2016 NEW YORK (Standard & Poor’s) –S&P Global Ratings today affirmed its STRONG ranking on Cenlar FSB (Cenlar) as a residential mortgage primary (prime) servicer. The Outlook is Stable. MAJOR RANKING FACTORS • Successful growth of Cenlar’s subservicing portfolio … Continued

We are excited to inform you that starting this Friday, November 4th, we will be delivering to you, each and every Friday, enhanced management dashboard reporting for our Lien Release processing.  This reporting, which is based on the existing Pending Satisfactions daily report you currently receive, will enable to you to quickly monitor aggregated key … Continued

October 25, 2016, Boston, MA – The Mortgage Bankers Association recognized 35 mortgage professionals from the residential market segment in a graduation ceremony for the MBA Future Leaders Program held here at the association’s Annual Convention & Expo. “The Future Leaders program is designed to identify and cultivate the next generation of young leaders in … Continued

As Hurricane Matthew impacts the east coast, Cenlar is taking action to minimize disruption in service to our clients and their borrowers, as events allow and in so far as it is in our control. Cenlar does work with vendors in affected areas, including some mission critical vendors in Florida and South Carolina such as … Continued