Cenlar Names Steve Kravitz Vice President of Default Administration

January 1, 2010, Ewing, NJ – Gregory S. Tornquist, President and Chief Executive Officer of Cenlar FSB, the number one subservicer nationwide, announced the appointment of Steve Kravitz to Vice President of Default Administration. His responsibilities include supervision of all Cenlar’s Default Administration activity.

“Because of the extent of our mortgage servicing portfolio, default administration is a key function at Cenlar,” said Tornquist. “With over 15 years of successful hands-on experience, Steve is an important addition to our management team. He will be an asset to our company and the customers we serve.”

Prior to joining Cenlar, Steve held various positions within PHH Mortgage Corporation during his 15+ years of employment and was most recently their Director of Default Administration.

Steve is a graduate of Slippery Rock University of Pennsylvania with a Bachelor’s degree in Business Administration, Finance.

Cenlar FSB, headquartered in Ewing, New Jersey, is ranked the number one residential mortgage subservicer nationwide. Cenlar specializes in customized private label subservicing for its client base, which includes banks, thrifts, credit unions, and mortgage bankers. More information on Cenlar FSB can be found on the company’s website at www.cenlar.com.

Media Contact

Adrienne Kowalski

Director,
Corporate Communications
Phone: 609-883-3900, ext. 7136
Email: arkowalski@cenlar.com