Cenlar names new CEO to lead mortgage subservicer’s journey

Ewing-based Cenlar FSB on Monday said that D. James “Jim” Daras has been named CEO and president.

In his new role at the mortgage loan subservicer, Daras will ensure Cenlar continues its commitment to providing high-quality service to its customers.

Daras has more than 40 years in the banking and mortgage banking industry. He has extensive knowledge in risk management, banking and corporate finance functions, bank restructuring, company startups and venture capital investing. He was with Cenlar from 1985 to 1990 before leaving his post as chief financial officer to join Dime Bancorp in New York City. Until returning to Cenlar in 2015, Daras worked with several venture capital firms investing in financial services companies, including Loan Servicing Solutions in 2007, where he served as CEO. He was executive vice president and was appointed chief risk officer at Cenlar when he returned. In 2019, Daras moved to an advisory capacity before returning full-time in 2022 as executive vice president to manage the company’s banking functions.

“I am thrilled and honored to have been named CEO at this point in Cenlar’s journey. Cenlar was built on collaboration, expertise, client and homeowner care, and the ability to transform itself during each part of its journey, and I am confident in Cenlar’s long-term success,” Daras said.

Last summer, Daras and Executive Vice President and Chief Operating Officer Robert “Rob” Lux were both appointed co-CEOs after Chairman, CEO and President Greg Tornquist announced his retirement from Cenlar. Lux will continue in his role of COO, reporting to Daras.