Centlar Appoints Leader to Default Administrative Tasks

Ewing, NJ–(business wire) — Celar FSB, a leading US mortgage loan subservicer and federally chartered wholesale bank, today announced the appointment of four senior leaders to its default management team.

“We are delighted to welcome these members to our team. They all have extensive knowledge of default management and years of experience in servicing mortgages. He will play a key role in helping Cenlar identify opportunities to continue building an efficient default servicing platform using people, processes and technology to better serve its owners.”

New members of the default admin team are:

Adam Saab, Vice President and Early Default Officer, has over 20 years of experience in both servicing and sub-services for servicers and large banks. Adam oversees all early stages of the default process, including Single Point of Contact (SPOC) and loss mitigation. Prior to joining Centlar, he spent 14 years at CitiMortgage, most recently as Senior Vice President of Default Operations. Adam previously served as Senior Vice President of Mortgage and Consumer Operations at PNC Bank and Senior Vice President and Chief Operating Officer at LoanCare, where he implemented an enhanced compliance management system.

Adam WoodThe Vice President and Late Default Officer brings over 25 years of mortgage industry and servicing experience to Celar. Adam is responsible for all late stages of default including bankruptcy, REO/asset preservation, claims, loss analysis and foreclosure. Prior to joining Centlar, Adam held several positions at his Cooper. Most recently, he served as Senior Vice President of Default Operations and was responsible for overseeing the multiple default business phases of Delinquency. This includes loss mitigation, modification enforcement, foreclosure, bankruptcy, and arbitration/litigation. Adam was also responsible for the complete rebuilding of the foreclosure and bankruptcy departments. Adam has also held multiple leadership roles with Fannie Mae (FNMA).

Jason Schmidt Vice President and Billing Officer. Jason has his 15 years of mortgage service experience. Prior to joining Cenlar, Jason spent seven years with Mr. Cooper as Assistant Vice President of Billing. In this role, he managed multiple operations throughout the billing and cash management process and oversaw government billing. Jason brings expertise in the areas of bankruptcy, government and mortgage claims, business analysis, default manipulation, portfolio management, loss analysis and foreclosure. Jason previously held leadership roles at Ocwen Financial and Brice, Vander Linden & Wernick/NBS.

Jessica Sharp, Vice President and Foreclosure Officer, brings over 14 years of experience to Cenlar specifically in foreclosure business. She most recently served as Vice President of Defaults for PennyMac Corporation. Prior to her role at PennyMac, she served as Assistant Vice President of Foreclosures at Nationstar Mortgage. During her tenure, Jessica managed multiple functions including bankruptcy, GSE foreclosure process, business analytics, default operations, investor reporting and loss analysis.

About Senlar FSB

Cenlar FSB is a federally chartered, employee-owned wholesale bank that processes loans in 50 states and their US territories. As one of the nation’s leading sub-servicers, Cenlar boasts a loyal and growing customer base of banks, credit unions and mortgage bankers. Approximately 4,000 employees strategically located across the United States are dedicated to customer satisfaction and teamwork, driving client his solutions unmatched in quality, flexibility and innovation. Headquartered in Ewing, New Jersey, Cenlar is recognized in the industry and is regularly audited by independent third parties.

For more information, please visit www.cenlar.com.

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

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