Information

Cenlar

Cenlar services for former Taylor, Bean & Whitaker Mortgage Corp files

Authorization Letter: 609-718-4889
Short Sale Packages: 609-718-4851
Customer Service: 866-430-9689

Website: http://www.cenlar.com/HOME.html
Members: 70
Latest Activity: May 15

Cenlar Short Sale Information

 

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Cenlar will not consider a short sale unless the home has been marketed for 90 days. If an offer / contract has been received in the first 90 days of the listing, the file will sit until day 90

Cenlar does participate in HAFA

Cenlar has their own short sale application, which they mail to the seller on day 90. When I receive it, I will upload

Cenlar HAFA Eligibility Matrix

http://www.mortgagebankers.org/files/CREF/docs/2007/ManagingRiskExposureandOptionsforLimitingLoss-GregTornquist.pdf

Discussion Forum

CENLAR HELP!!

Started by Paul Rudewicz May 15. 0 Replies

This is kind of piggybacking on Jason Sanseverino's post from earlier. We have a junior lien with Cenlar . Seterus (FNMA) is in first position and has already issued 3, maybe 4 extensions to their…Continue

HELP WITH EXTENSION / ESCALATION

Started by Jason Sanseverino May 15. 0 Replies

Good Afternoon All - I have a short sale approval from Cenlar - unfortunatlye it has expired and we need an extension.Cenlar actually US mailed the approval letter to the seller and it took 2+ weeks…Continue

Contact Information Needed

Started by Phil Levy. Last reply by Kristin Macari Jun 25, 2014. 3 Replies

Twice this week I have endeavored to contact Cenlar to verify receipt of the third party authorization I faxed last weekend and to request a list of it's short sale submission requirements and a copy…Continue

escalation contact needed

Started by Karen Ruffin. Last reply by Kim Stephens Aug 20, 2013. 2 Replies

Does anyone have an escalation contact for Cenlar. I have a short sale that one of their negotiators refuse to respond.Continue

Tags: other, members, service, customer, sales

Comment Wall

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Comment by Janie Howard on January 16, 2012 at 4:24pm

I am LA on a Cenlar short sale currently and Bayview is who I am dealing with.  They told me they only wait that 90 days on a Deed in Lieu.  I submitted an offer at about 60 days after the house was listed and the offer submittal process went smoothly and quickly until suddenly it bogged down in the system. I noted however that it was submitted to MI after the 90-day mark so there may be truth to that.

Comment by Patty Cordoni on January 16, 2012 at 3:59pm

Sorry,

As the Listing Agent on a SS, does Cenlar require us to submit the SS package before we have an offer on the property? 

Comment by Patty Cordoni on January 16, 2012 at 3:56pm

Does Cenlar require SS package before we have a contract in hand on the listing? 

Comment by Janie Howard on December 7, 2011 at 9:27pm

Does anyone have any experience with swapping out contracts with Cenlar?  The contract is being reviewed now by the mortgage insurance company and next will go to the investor for review.  The buyer just walked but I have a new buyer at the same offer amount.  Debating with myself if I should let Cenlar know, or wait until they have a response.  Anyone have experience with them on this?

Comment by Ryan Smith on August 19, 2011 at 8:21am
Hello All!  Do you know if Cenlar will consider Loan Modifications if the borrower is not late.  I know...I know....I had to ask.  LOL!
Comment by Barbara J. Rice on August 18, 2011 at 3:51am

Thanks for your thoughts Brian. I've been successful with relocation short sales (with deficiency waived) so it was more a question of Cenlar's attitude. Even as a servicer they can help or balk at the process.

Since my post (not that long ago!) more complications have occurred which, fortunately or not, will help with the short sale scenario.

Thank you VERY much for your response. It's always frustrating to post and not get a reply! :-)

 

Comment by Barbara J. Rice on August 17, 2011 at 6:40am
Client doesn't have a financial hardship but is recently divorced with 2 kids and needs to be closer to her job. Her current commute is 1 hour and 15 minutes each way! That was OK when she had spousal support but it's not manageable as a single mother. Any thoughts on how Cenlar would view this short sale request?
Comment by Suzanne Kensington on June 16, 2011 at 2:16pm
Has anyone received waiver of deficiency in their Cenlar approval?
Comment by Jacqueline Walker on June 11, 2011 at 3:32pm

Wow...you know you're in for an up hill treck when the person you speak with says "We do not participate in HAFA & we will not accept the $6k that BofA is offering.   That's probably less than your commission and our investor would rather BofA foreclose!"    Yes...seems they would rather take zero than $6k...here we go!!

 

Comment by mike tillman on May 25, 2011 at 10:05am
Suzanne -  A couple of questions regarding your experience with Cenlar.  How was it dealing with them from start to finish?  Are they timely in responding?  Also, did you find that the house has to be marketed for a minimum of 90 days before they will get involved??
 

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