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Hi there,

 

What's in store with this week's WIRE?  Here is a quick run-down:

✅ Gear up for LoanServ's March Release
✅ Finalize End of Year (EOY) updates
✅ Share your thoughts on new Business Designs (plus, take a look at updated ones)

✅ Spend some time with our Sagent Smarties


Missed last week's WIRE?  Have no fear; find it here.

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Business Designs: Add Your Comments Today

Add your comments / questions to the following designs and engage with our Business Analysts.  Comment period closes Wednesday, 3/26.  Visit the client website today at Discussions> Project Designs>Open Design Discussions. 

  • Daily Simple Optional Insurance Not Collecting Correctly During Paydown (CP0061156)
  • Update History Statement RESPA & STATE Low Point Balances (CP0061266)
  • Add FDCPA Indicator to LoanServ and Include on Certain Vendor Files (CP0061418)
  • USDA Payment Supplement Account (PSA) Loss Mitigation Option (CP0061461)

 

Updated Business Designs: Review

The following business designs have been updated. You can review them on the client website at Discussions>Project Designs>Closed Design Discussions. Updates are for review only; the comment period is closed. 

  • Detached Structure Fields - Add to LBE/LBA (CP0061442)
  • Updates to Report 524 ACH Processing (CP0061060)

March Release Implementation: Test Cycle Regions  

Please be advised that the March 2025 Release will be implemented into the test regions beginning the third week of March. Please refer to the chart below to see the date for the cycles in your test region. Note that your region will be down for one day, which is also listed in the chart below. Please remember that when the system is down for the release, other services will not be available for testing such as CARE and Web Services. 

March Release 2025 - Test Regions
Calendar

End of Year: Updates Needed

Reminder, all pending Original 1098 / 1099 data that your organization excluded from initial EOY processing, must be updated on the Inst/Parm/EOY/Correction screen no later than Friday, March 21st.

Sagent will submit IRS files by March 31, 2025. 

See here for additional details provided to identified EOY Coordinators.

 

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Connect, Learn, Grow

Don't miss out on these opportunities to connect with our experts. Register today!

  • Product Calls: Submit your questions or agenda topics here
    • 3/18: Compliance Call
    • 3/26: Escrow Management Call
    • 3/27: LoanBoard Pre-Release Call
  • Sagent Extended Education (SEE):
    • 3/19: HUD Payment Supplement Alternative
    • 3/20: Exploring Latitude & Sagent Support Knowledge Base
    • 3/20: TEMPO Servicer Admin Users - System Settings

  • Ignite:
    • 5/5-5/7: Ignite Annual Conference
    • 5/7-5/8: Hands on Training (HOT) at Ignite

 

See the Events Calendar on Sagent Support for an up-to-date list of 2025 engagements.  

Until next week,


Your Sagent Customer Success Team

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Sagent, 1000 Continental Drive, Suite 570, King of Prussia, PA 19406, United States, 484-673-1100

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