April 24, 2017 2:01 AM ET

Thrifts and Mortgage Finance

Company Overview of Cenlar FSB

Company Overview

Cenlar FSB, a federally chartered savings bank, provides mortgage loan servicing and subservicing in the United States and its territories. It focuses on residential mortgage servicing. The company offers loan servicing solutions, and third-party mortgage subservices. It also provides subservicing programs, which include customer communications and support, escrow administration, cash management, investor accounting and reporting, default administration, payoffs and satisfactions, special products, and regulatory compliance and reporting. In addition, it offers comprehensive reporting on various aspects of subservicing relationship, including call statistics, customer request turnaround time...

425 Phillips Boulevard

Trenton, NJ 08618

United States

Founded in 1912





Key Executives for Cenlar FSB

Chairman of the Board, Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Senior Vice President and Corporate Counsel
Senior Vice President of Business Development
Senior Vice President and Director of Loan Servicing
Compensation as of Fiscal Year 2016.

Cenlar FSB Key Developments

Citigroup Plans To Exit U.S. Mortgage Servicing Operations By 2018

Citigroup Inc. (NYSE:C) plans to exit U.S. mortgage servicing operations by 2018. Citigroup said it will be selling its mortgage servicing rights on about 780,000 Fannie Mae and Freddie Mac loans of non-Citibank retail customers to New Residential Mortgage LLC. The remaining Citi-owned loans and other mortgage servicing rights not sold to NRZ are expected to be transferred to Cenlar FSB in 2018.

Cenlar FSB Expands Operations to Tempe, Arizona

Cenlar FSB is expanding its operations outside of New Jersey into new office space in Tempe, Arizona. While Ewing, New Jersey, will remain the corporate office, this new western location will be the site of Cenlar's West Operations Center, bringing the company's footprint to five facilities, four (4) in New Jersey and one (1) in Arizona. Cenlar's new site will be staffed primarily by customer service representatives and loan servicing agents. In addition, there will be a variety of operational, as well as administrative support staff.

Cenlar FSB Announces Executive Promotions

The election of David J. Miller, Jr. and Stephen W. Gozdan to the position of Executive Vice President (EVP) was announced recently by Cenlar FSB. Both will retain their current position titles: Dave as Business Development Director and Steve as Chief Financial Officer. Both are also members of Cenlar FSB's Executive Committee. Responsible for all financial activities, Steve additionally oversees HR, Information Technology, Compliance, Facilities, Security and the company's Project Management Office. Dave, with experience in mortgage servicing, operations and strategic planning oversees Business Development, Sales and Marketing, Product Development and all Corporate Communications at Cenlar.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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