Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today that David C. Schneider has joined the company as Executive Vice President and Chief Financial Officer.
As Cenlar’s CFO, David 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, David 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 M&A and capital and financing efforts.
“David Schneider 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,” said Chief Executive Officer and President Jim Daras. “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, David 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. David 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, David 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,” said David Schneider. “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.”
David received a Master of Business Administration from Indiana University and a Bachelor of Science in Business Administration from Babson College. David earned his CPA designation in the State of Connecticut.