Cenlar FSB, the nation’s leading mortgage loan subservicer and federally chartered wholesale bank, announced today the promotions of Michael N. DeAngelo to Senior Vice President, Deputy General Counsel – Regulatory, and Jennifer Scoliard to Senior Vice President, Deputy General Counsel – Litigation.
“Cenlar is proud to promote these two exceptional leaders. Michael and Jennifer not only exhibit expertise to their craft on the legal team, but their hard work and commitment is truly a testament to doing right for our employees, clients and homeowners. This enables us to deliver on our promise to provide the highest quality servicing solutions as the nation’s largest longstanding mortgage subservicer,” said Mary Fahy Woehr, General Counsel and Corporate Secretary.
Michael has more than 30 years of experience in the financial services industry, with 13 of those providing counsel to mortgage banking companies. He is responsible for spearheading the regulatory side of the Cenlar legal counsel team. He advises mortgage servicing operations on issues related to RESPA, TILA, FDCPA, GLBA, IRC and other federal, state and local laws, including rules promulgated by the Consumer Financial Protection Bureau (CFPB).
At the onset of the pandemic, Michael and team were responsible for evaluating the multitude of COVID-related federal, state, and agency-level laws, regulations or rules, with most calling for immediate implementation.
Michael has worked in private practice and as in-house counsel before joining Cenlar. Michael previously worked in the Consumer Financial Services practice group at the law firm of Blank Rome LLP, where he represented national mortgage lenders and mortgage servicers.
Michael earned his J.D. from Widener University School of Law and his Bachelor in Business Administration in Accounting from the Fox School of Business at Temple University.
Jennifer has more than 23 years of experience in consumer bankruptcy, corporate bankruptcy, commercial and consumer litigation for both in-house and private practice. At Cenlar, she handles significant and complex litigation matters, manages the in-house litigation team, oversees management of Cenlar’s corporate litigation nationwide and advises the company on litigation and compliance with U.S. Bankruptcy Law. She also advises in-house counsel and outside counsel on strategy, risk identification, case management and early case resolution.
Prior to joining Cenlar, Jennifer was a Vice President, Assistant General Counsel for Ocwen Financial Corp. where she handled high-level litigation and managed the litigation team for Ocwen’s Pennsylvania office. She was also Senior Counsel for Residential Capital, LLC, handling the company’s bankruptcy litigation and advising the company on bankruptcy compliance. She was highly involved in the Chapter 11 filing of the company. She played a key role in the management of borrower litigation in the Chapter 11 bankruptcy case, as well as negotiating and drafting a major bankruptcy order allowing ResCap to continue default servicing while in bankruptcy. Jennifer was also previously at the law firm of Klehr Harrison Harvey Branzburg & Ellers, LLP where she practiced corporate bankruptcy and commercial litigation, and the law firm of Cozen O’Connor where she worked in the Corporate Bankruptcy/Insolvency group.
Jennifer received her J.D. from Mercer University – Walter F. George School of Law and her Bachelor of Arts in Media Studies from Widener University.