Fannie Mae Future Changes for Investor Reporting: Impact on Servicing Transfers
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
CFPB 2016 Mortgage Servicing Rule – Update
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
Cenlar FSB Employee Graduates from Mortgage Bankers Association (MBA) Future Leaders Program.
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
Cenlar FSB Ranking as a Residential Mortgage Primary Servicer Affirmed at STRONG; Outlook Stable
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
Cenlar FSB Honors “20 Year Club” Members
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
Weekly Satisfactions Dashboard
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
MBA Future Leaders Program Graduates 35 Residential Real Estate Finance Professionals
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
In observance of Labor Day, Cenlar’s offices will be closed on Monday, September 5, 2016. Any files received on Monday, September 5th, will not be processed until the night of Tuesday, September 6th and output will be available by Wednesday morning.