10/31/19 - CENLAR Will Not Forward Mortgage Payments after October 31, 2019

October 31, 2019 is the last day CENLAR will forward mortgage payments they receive for loans that service transferred to our Fairway Retained Servicing Center (ServiceMac).

If CENLAR receives payments after October 31, 2019 for loans that have transferred, they will return the payments directly to customers along with a letter advising of the service transfer.

This impacts checks mailed, electronic bank bill pays, and paper check bank bill pays.

The 60 day protection stops to prevent negative credit bureau reporting and late fee assessments also expire after October 31, 2019.    

See your Manager or Lead if you have any questions.