What Are the Requirements for Cenlar Home Loans?


Quick Answer

The requirements for Central Loan Administration and Reporting (Cenlar) home loans are most recent tax returns, pay stubs for the last 60 days and the last three months' bank statements. One is also required to provide any other pertinent income documents, such as pension and evidence of hardship, as stated on the institution's website.

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Full Answer

Cenlar has been actively engaged in mortgage loan servicing and sub-servicing as its core business for more than 40 years. The sub-servicing programs encompass all process functions beginning with the day the loan is closed and delivered for servicing, through final disposition of the loan as a result of sale, playoff or foreclosure. Other participants in the financial industry, such as banks and credit unions, often use loan servicing solutions from Cenlar across the United States.

Core servicing processes at Cenlar

  • Customer communication and support
  • Sound management of cash flow
  • Escrow administration
  • Accounting and reporting for investors
  • Default administration
  • Playoffs and satisfactions
  • Regulatory compliance and reporting
  • Special products

If a homeowner can no longer afford to stay in the home or has vacated the property, short sale or deed in lieu options can help to avoid foreclosure. Third-party authorizations are required for property currently listed with a real estate agent, notes Cenlar.

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