Mortgage suberservicer Cenlar FSB on Monday said Pete Johnson joined the Ewing-based company as vice president of special products in loan operations. Johnson will provide leadership over special products, including home equity lines of credit and private mortgage insurance.
Johnson has more than 35 years of experience in financial services, with 20 of those years spent in mortgage servicing. Johnson will be responsible for the special products team’s financials, staffing, controls and compliance. He will provide vision, direction and support, and drive continual improvement that benefits Cenlar’s clients and its homeowners. As part of the long-term strategy, Johnson will look at innovative ways to strengthen special products’ operational efficiencies and risk mitigation — all with an emphasis on creating an environment that places client satisfaction and operational excellence as the highest priority.
“Pete is a valuable addition to Cenlar, and we look forward to leveraging his experience across our special products team. With his multifaceted experience in enterprise, credit and operational risk management, Pete will look at automation to enhance our special products processes and deliver seamless service,” Senior Vice President of Servicing Operations Nancie Falcone stated.
Prior to joining Cenlar, Johnson was executive vice president and chief operations officer at First Heritage Mortgage Services. He was also senior vice president at Freedom Mortgage, where he was responsible for underwriting, processing, closing and funding, document management post-closing and loan audit; and vice president at PHH Mortgage, where he led the credit and operational risk divisions.
“I look forward to working with the team and leading initiatives that will enhance operational excellence and look to implement new technologies to automate processes that will offer a better experience for our clients and their homeowners,” Johnson said.