Cenlar Loan Administration

Cenlar Loan Administration is into mortgage loan servicing and subservicing. They do this on wholesale basis. This means that they perform the daily administrative duties associated with the loan they provide.

On the other hand, their loan subservicing duties based on the power given to them by a financial institution to perform certain tasks on their behalf.

Simply put, they perform personal mortgage loan duties and undertake some functions on behalf of other financial institutions.

Cenlar Loan Administration provide over 3 million mortgage loans from over 150 banks, credit unions and mortgage bankers.

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Products Offered by Cenlar Loan Administration

Cenlar provide a whole variety of services to their clients for their mortgage loans. Below are lists of mortgage loans;

First and second mortgages
Fixed rate and ARMs
HELOCs (including multi-segment)
Interest-only products / mortgages
Negative amortization products
Daily simple interest
Biweekly products (also quarterly and annual payment loans)
Pay option products
Buy downs and balloons
Conventional, FHA, VA and commercial
HUD 235, section 8
Purchase discount level yield
FASB91 multiple fees/costs

Cenlar Services To Banks

Customer contact and support
New loan boarding
Sales and acquisition activities
Retention strategies
Private securitizations
Special products
Regulatory compliance and reporting
Escrow administration
Default management

Cenlar Services To Mortgage Bankers

Customer contact and support
New loan boarding
Sales and acquisitions activities
Sales to other Cenlar clients
Retention strategies
Private securitizations
Special products
Regulatory compliance and reporting
Escrow administration
Default management
Supporting your warehouse line agreements and acknowledgement agreements

Cenlar Services To Credit Unions

Caring for members as if they were their own with responsive, empathetic and one-on-one service.
Clear information and convenient loan management tools.
Meeting and exceeding the unique service expectations of our credit union partners and their members, regardless of their size, and at the same cost structure.