Cenlar adds seasoned exec as EVP and CFO to help guide strategic direction

Cenlar FSB, a Ewing-based mortgage loan subservicer, said Tuesday that David Schneider joined the company as executive vice president and chief financial officer.

As CFO, Schneider will be responsible for all financial planning, treasury activities, taxes, insurance, real estate and property management and vendor relationships. He will also direct the financial reporting required of auditors, regulators and rating agencies. In addition, he will work closely with the Enterprise Project Management Office. He will also be a key part of the senior management team working with the board of directors in guiding the strategic direction of Cenlar, including mergers & acquisitions and capital and financing efforts.

“David is an accomplished and highly regarded mortgage banking executive with deep financial and mortgage servicing expertise, having served in leadership roles in several mortgage companies over the last few decades. He is a great addition to our team and will help shepherd the strategic direction, financial health and well-being of Cenlar,” CEO and President Jim Daras said. “I am looking forward to working with David to execute on our business strategy and the continued transformation of Cenlar.”

Over his 35-year career, Schneider has worked in public accounting, consumer banking and investment banking. He most recently served in executive leadership positions for three mortgage companies, two of which are backed by major private equity firms. Schneider was the president of CitiMortgage, president of WaMu Home Loans, CEO of Lone Star-backed Vericrest, president of Ditech and CEO of Blackstone-backed Stearns Lending. From 2008 to 2012, Schneider served as JPMorgan’s national servicing and default operations executive. In this role, he was responsible for the consolidation of Chase, Bear Stearns and Washington Mutual’s servicing platforms.

“Cenlar has a very focused team that has devoted their considerable talent and resources to the transformation of the organization,” Schneider said. “I am excited to join their efforts as CFO. Together, we will continue to demonstrate our commitment to providing the very best service to clients and their homeowners.”

He received an MBA from Indiana University and a Bachelor of Science in business administration from Babson College. He earned his CPA designation in the state of Connecticut.