Welcome to Cenlar -
It’s very nice to meet you! Please let us introduce ourselves – we are the nation’s leading loan sub-servicing provider. You may not have heard of us, but major banks, credit unions, mortgage companies and other financial institutions have trusted us with loan servicing for more than 40 years.
We’re dedicated to providing excellent service, clear communication and convenient loan access tools to borrowers. We look forward to working with you throughout the life of your loan.
What is loan servicing?
We have been asked to service your loan by your financial institution. That means Cenlar will be responsible for:
- Sending you regular communications about your loan
- Providing you a mortgage statement
- Processing your mortgage payments
- Collection and distribution of your escrow account
Manage your mortgage anytime, anywhere with the Cenlar Mobile app
When you register at loanadministration.com, you’re in control of your mortgage. You can make payments, check your balance, view escrow, use convenient loan tools and more.
Make your first and ongoing loan payments, your way.
Enroll in AutoPay on Your Loan
Cenlar offers a free, convenient service that automatically debits your payment each month from your checking or savings account. Automatic payments give you peace of mind that your monthly payments are being paid on time.
Paying by Mail
Refer to the directions on your billing statement to pay by mail.
Please be sure to include your loan number on your check or money order. Additionally, include the coupon from your monthly billing statement or payment book.
Enroll In Paperless Statements
Avoid the clutter and do your part for the environment. When you sign up for paperless statements, you’ll get email notification when all your important documentation is ready to view; monthly statements, tax information, disclosures, escrow statements and much more.
Monthly Statements, Year-End Tax Statement (1098s)
If you don’t request Paperless Statements, you’ll get a mailed statement every month. Your statement will include your current loan balance, a payment breakdown, your escrow balance (if you’ve opted to have escrow collected for you) any mortgage transactions and other loan details.
In January of each year, Cenlar will provide a 1098 tax form to assist you in tax preparation. Your 1098 tax form will show how much you spent in the previous year on mortgage interest and real estate taxes. You can download the 1098 tax form from the website, request a paper copy be mailed to you, or both.
Escrow: Taxes & Insurance
If you have an escrow account for taxes and insurance, Cenlar will manage it for you.
An escrow account is a special money reserve that’s collected along with your monthly mortgage payment and used to pay for taxes and insurance premiums on your property. An escrow account ensures that taxes and insurance premiums will be paid on- time. When it’s time to pay those taxes and insurance premiums, Cenlar will make those payments for you. Cenlar will send an annual escrow statement, which is an analysis of the year’s escrow account activity.