Cenlar FSB Hires New EVP/CFO

Cenlar FSB, a national mortgage loan subservicer, said Thursday that David C. Schneider has joined the company as executive vice president and chief financial officer.

As CFO, Schneider will be responsible for all financial planning, treasury activities, taxes, insurance, real estate and property management and vendor relationships, Cenlar said. He will also direct the financial reporting required of auditors, regulators, and rating agencies. 

In addition, Schneider will work closely with Cenlar’s Enterprise Project Management Office, and be a key part of the senior management team, working with the board of directors in guiding the company’s strategic direction, including mergers & acquisitions, 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,” said Cenlar CEO and President Jim Daras. “He is a great addition to our team and will help shepherd the strategic direction, financial health, and well-being of Cenlar. 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, Schneider has worked in public accounting, consumer banking, and investment banking. His is the co-founder and managing director of Silver Strike Advisors, which advises mortgage companies and investors. 

Before joining Cenlar, he served in executive leadership positions for three mortgage companies, two of which are backed by major private equity firms. Schneider served as 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 2008-12, he served as JPMorgan’s national servicing and default operations executive. In that 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,” Schneider said. “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.”

He received a Master of Business Administration from Indiana University and a Bachelor of Science degree in Business Administration from Babson College. He earned his CPA designation in Connecticut.

Cenlar FSB is a national subservicer, servicing loans in all 50 states and U.S. territories.