Charlie Fues Earns CMB Designation
Charlie Fues of Cenlar’s Client Relations department has earned the designation of Certified Mortgage Banker (CMB) by the Mortgage Bankers Association (MBA). Charlie was one of 17 professionals recognized this past weekend at a ceremony held at the MBA’s 102nd Annual Convention & Expo in San Diego, California. The MBA’s CMB Program delivers a highly … Continued
There are instances where Cenlar must provide disclosures to the borrower that include entity licensing and contact information for regulators. Based on these requirements, Cenlar is starting an initiative to obtain and maintain licensing and regulator information for our clients. Please provide your Relationship Manager with a list of your entity’s state or federal licenses … Continued
HOA/Condominium (HOA), Cooperative (CoOp) – Data Required
Cenlar will now require HOA information for all loans boarding that are subject to an HOA or is a Cooperative. In order to identify loans with these requirements, we have added additional fields to the XML Specifications. Please see the attached “HOA Field-Edit Definitions” spreadsheet which lists the fields and API edits that are in … Continued
As part of a systems upgrade, servers hosting the following CLIENT TESTING web sites will undergo an upgrade on 10/17/2015. Please review the list for any IP lockdown conditions or places where a system may be referenced by an IP address vs a website name. The old IPs will remain in operation until full DNS … Continued
As part of a system upgrade, the following IP addresses will be changed to the new IP addresses listed. Changes for Single Sign On (SSO) , PLS Frames and Global Teller will take effect as of 10/12/2015. Changes for NLAI will be forthcoming and notification will be provided prior to the modification being made. Please … Continued
Cenlar FSB Announces Executive Promotions
September 15, 2015 Ewing NJ – In a move coinciding with the ongoing growth of Cenlar FSB, the election of David J. Miller, Jr. and Stephen W. Gozdan to the position of Executive Vice President (EVP) was announced recently by Gregory S. Tornquist, Chairman of the Board, President and Chief Executive Officer (CEO) of Cenlar … Continued
Closing Disclosure Replacing the HUD1
Effective with the implementation of TRID, all new loans closing under the new forms will require the Closing Disclosure instead of the HUD1. To minimize any changes needed for the image file delivery, we will use the same doc type and index currently in place for the HUD1 for the closing disclosure. Please send all … Continued
TILA-RESPA Integrated Disclosure Rule (TRID)
As you know, Cenlar has been preparing for the implementation of the TILA-RESPA Integrated Disclosure Rule (TRID) and is on track to be fully compliant as of the required implementation date of October 3, 2015. Below is a summary of our progress in the various Business Units as it relates to TRID: Loan Estimate/ Special … Continued
Beginning this month, Cenlar will send our business partners a monthly report of all FHA loans whose HUD Holder name is not in the name of our business partners. This report will be a loan level report that will provide all relevant information regarding the loan and its holder information (e.g. Loan number, FHA case … Continued
In observance of Labor Day, Cenlar’s offices will be closed on Monday, September 7, 2015. Any files received on Monday, September 7th, will not be processed until the night of Tuesday, September 8th and output will be available by Wednesday morning.