Cenlar FSB claims to be a leading loan servicing provider in the country. Historically, it has been in the business of loan servicing and subservicing for over 40 years. Its clientele ranges from banks and large financial institutions to credit unions and small mortgage companies.
The company has been able to expand its industry presence owing to enhanced customer service and low cost servicing operation. Thousands of residential mortgages representing billions of dollars are currently being serviced by Cenlar Loan Administration & Reporting.
Cenlar Mortgage came into existence after the merger of Centennial Savings and Loan Association and Larson Mortgage Company in 1984. The company sold its loan origination offices and retail bank branches to focus exclusively on subservicing and became the nation’s leading mortgage loan subservicing company.
What is Mortgage Subservicing?
Lenders originate loans and make profits in the mortgage origination process. Collecting payments from borrowers and keeping track of mortgage defaults are something that not many lenders would want to do. Instead, they usually outsource this task to a specialized company known as subservicer and focus more their core activity.
These subservicers, working on behalf of the lenders that originated the loans, collect payments from the borrowers through online and other options. They can have their own online payment gateway, which a borrower can access using the login credentials provided by the lender that originated the loan. Borrowers facing financial hardships should contact the customer service department of Cenlar Mortgage.
Cenlar Mortgage Payment
A borrower can send checks to the mailing address provided in the loan documents. A more convenient way to make payment is to go online. You need login details to access your account and make payment online. Just visit the website loanadminisration.com and sign in using your User ID and Password. If you have not registered, you can do so by providing information about your loan. For login issues, you can mail to its customer service at customerservice@loanadministration.com.
Cenlar Mortgage Customer Service
You can call the customer service department of Cenlar FSB for more information about your loan and how you can pay the mortgages. The phone number to speak with a mortgage servicing representative is 1-800-223-6527. You can also contact the customer service department via email. The email ID is customerservice@loanadministration.com. If you are facing financial hardship, you can request a Borrower Response Package by dialing (877)909-9416. The headquarter address of the company is 425 Phillips Boulevar, Trenton, NJ 08618.
