Our Story
Cenlar's Story
Cenlar successfully services portfolios representing billions of dollars in residential mortgages for clients across the United States. Our diverse industry experience, company stability, and dedication allows us to deliver our clients a superior compliant loan servicing solution. Our growth over the years is due in large part to our longevity, having been a pioneer of the mortgage subservicing industry.
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. Currently, Cenlar is the leading mortgage loan subservicing company in the country.
DATE
1910
1910
DATE
1950
1950
DATE
1960
1960
DATE
1970
1970
In 1970, Larson Mortgage Company began servicing loans for Fannie Mae and Ginnie Mae.
DATE
1980
1980
In 1981, Larson Mortgage Company moved to a servicing platform which enabled improved capabilities to service a greater array of loan products.
In 1984, Larson Mortgage Company acquired Centennial Savings and Loan Association. The focus of the company was mortgage servicing, commercial lending, and retail banking.
In 1985, Larson Mortgage Company and Centennial Savings and Loan Association were reorganized and renamed Cenlar Federal Savings Bank.
DATE
1990
1990
In early 1993, Cenlar Federal Savings Bank renamed Cenlar FSB.
In mid-1993, in a concentrated effort, Cenlar enters the subservicing market.
In 1997, Cenlar changes its business strategy and is designated a wholesale bank to focus solely on subservicing.
DATE
2000
2000
In June 2001, Cenlar receives initial award as Freddie Mac Tier 1 Servicer. In August 2001, Cenlar establishes partnership with ACB and Fannie Mae for servicing purchase program.
In December 2005, Cenlar reaches 250,000 loans serviced milestone.
In February 2006, Cenlar secures largest loan portfolio conversion.
In 2007, Cenlar achieves HUD’s highest ranking, Tier 1, for default servicing.
In 2008, Cenlar receives Ginnie Mae Commitment to Excellence award.
In December 2009, Cenlar services 500,000 loans.
DATE
2010
2010
In December 2012, Cenlar reaches 750,000 loans serviced milestone.
In November 2013, Cenlar reaches 1 million loans serviced.
In 2015, Cenlar expands its operation to Tempe, Arizona.
In 2016, Cenlar reaches 2 million loans serviced.
In 2018, Cenlar expands its operations mid-west to Missouri.
DATE
2020
2020