Cenlar Appoints Leaders for its Defect Management Operations | Company

EWING, New Jersey–(BUSINESS WIRE)–August 11, 2022–

Cenlar FSB, the nation’s leading federally chartered wholesale and mortgage loan processor, today announced the appointment of four senior executives to the default management team.

“We are delighted to welcome these members to our team, all of whom have in-depth knowledge of default management and years of experience servicing mortgages. They will all be instrumental in helping Cenlar identify opportunities to continue to build an effective defect management platform using people, process and technology to provide excellent service to our customers and their owners,” said William Moffett, senior vice president of lending operations.

New default management team members include:

Adam Saab, Vice President and Head of Early Stage Default, has over 20 years of service and sub-service experience for utilities and large banks. Adam will oversee all early phases of the default process, which include: Single Point of Contact (SPOC) and Loss Mitigation. Prior to joining Cenlar, Adam spent 14 years at CitiMortgage where he most recently served as Senior Vice President of Default Operations. Adam previously served as Executive Vice President of Mortgage and Consumer Operations at PNC Bank, as well as Executive Vice President and Chief Operating Officer at LoanCare, where he implemented a improved compliance.

Adam Wood, Vice President and Head of Late Payments, brings more than 25 years of experience in the mortgage and servicing industry to Cenlar. Adam will be responsible for all late stages of default, which include: bankruptcy, REO/property preservation, claims, loss analysis, and foreclosure. Prior to joining Cenlar, Adam held several positions at Mr. Cooper. Most recently, he was Senior Vice President of Default Operations, where he was responsible for overseeing several default business phases of the delinquency. This included loss mitigation, execution of modifications, foreclosure, bankruptcy and mediations/litigations. Adam was also responsible for the complete rebuilding of the foreclosure and bankruptcy departments. Adam has also held several management positions at Fannie Mae (FNMA).

Jason Schmidt, Vice President and Claims Manager. Jason has 15 years of mortgage servicing experience. Prior to joining Cenlar, Jason spent seven years at Mr. Cooper as Assistant Vice President of Claims. In this role, he managed multiple operations throughout the claims and cash management processes, as well as overseeing government claims. Jason brings expertise in bankruptcy, government and mortgage insurance claims, business analysis, default trading, portfolio management, loss and foreclosure analysis. Jason previously held senior roles at Ocwen Financial and Brice, Vander Linden & Wernick/NBS.

Jessica Sharp, vice president and head of foreclosure, brings over 14 years of experience to Cenlar, particularly in foreclosure transactions. She most recently served as Vice President of Defects for PennyMac Corporation. Prior to her role at PennyMac, Jessica was at Nationstar Mortgage where she was Assistant Vice President of Foreclosures. During her tenure, Jessica handled several functions including bankruptcy, GSE foreclosure processes, business analysis, default trades, investor reporting and loss analysis.

About Cenlar FSB

Cenlar FSB is an employee-owned, federally chartered wholesale bank that services loans in 50 states and its U.S. territories. As the country’s leading contractor, Cenlar enjoys a loyal and growing customer base, including banks, credit unions and mortgage bankers. Our nearly 4,000 employees, strategically located across the United States, are dedicated to customer satisfaction and teamwork that generate customer solutions unmatched in quality, flexibility and innovation. Based in Ewing, NJ, Cenlar is rated and audited regularly by independent third parties.

For more information, visit http://www.cenlar.com.

Find us on LinkedIn here: https://www.linkedin.com/company/cenlar-fsb/

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220811005110/en/

CONTACT: Adrienne R. Kowalski

Corporate Communications Director

[email protected]



SOURCE: Cenlar

Copyright BusinessWire 2022.

PUBLICATION: 08/11/2022 09:30/DISC: 08/11/2022 09:32


Copyright BusinessWire 2022.

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