Today, Cenlar FSB successfully services portfolios representing billions of dollars in residential mortgages for clients across the United States and its territories. Our growth over the years is due in large part to our longevity, having been a pioneer of the mortgage subservicing industry. Our diverse industry experience, company stability, and dedication to deliver our clients a superior compliant loan servicing solution is what makes us the right choice!
Cenlar’s history stems from two exceptional companies: Centennial Savings and Loan Association and Larson Mortgage Company. Combined, we have more than 100 years of experience in this industry, with decades of that focused exclusively on subservicing.
1912 Centennial Savings and Loan Association founded.
1958 Larson Mortgage Company founded. It was established as a standard mortgage banking company, originating loans, and selling service-released loans to banks and thrifts.
1960 Larson Mortgage Company expanded by retaining the servicing of loans.
1970 Larson Mortgage Company began servicing loans for Fannie Mae and Ginnie Mae, and then expanded to sell service-retained loans to institutions without servicing platforms.
1981 Larson Mortgage Company moved to the CPI servicing platform (Lender Processing Services) which enabled improved capabilities to service a greater array of loan products
1984 Larson Mortgage Company acquired Centennial Savings and Loan Association. The focus of the company was mortgage servicing, commercial lending, and retail banking.
1985 Larson Mortgage Company and Centennial Savings and Loan Association were reorganized. Larson Mortgage Company was renamed Cenlar Capital Corporation and became the Holding Company for Centennial Savings and Loan which obtained its Federal Charter and was renamed Cenlar Federal Savings Bank.
1988 Cenlar sold or closed most of its origination offices.
1990 Cenlar sold several retail bank branches.
1993 Cenlar sold additional bank branches and loan origination offices.
Mid -1993 Cenlar became a federally chartered wholesale bank.
1996 Cenlar sold remaining bank branches.
1997 Cenlar launched a business strategy focused exclusively on subservicing.
Currently Cenlar is the leading mortgage loan subservicing company in the country.