EWING, N.J.–(BUSINESS WIRE)–Cenlar FSB, the nation’s leading mortgage loan subservicer and federally chartered wholesale bank, announced today that D. James “Jim” Daras has been named CEO and President.
“Jim is an accomplished and exceptional executive leader with a great deal of experience who will ensure Cenlar continues its commitment to providing high quality service to our customers,” said Chairman of the Board Dave Applegate.
Jim has more than 40 years in the banking and mortgage banking industry. He has extensive knowledge in risk management, banking and corporate finance functions, bank restructuring, company start-ups and venture capital investing. He joined Cenlar in 1985 to 1990 leaving his post as Chief Financial Officer to join Dime Bancorp in New York City. Until returning to Cenlar in 2015, Jim worked with several venture capital firms investing in financial services companies including Loan Servicing Solutions in 2007 where he served as CEO. Jim was Executive Vice President and was appointed Chief Risk Officer at Cenlar. In 2019, Jim moved to an advisory capacity before returning full time to manage the company’s banking functions. He joined Cenlar full time in 2022 as Executive Vice President to manage the company’s banking functions.
“I am thrilled and honored to have been named CEO at this point in Cenlar’s journey. Cenlar was built on collaboration, expertise, client and homeowner care, and the ability to transform itself during each part of its journey, and I am confident in Cenlar’s long-term success,” said Jim.
Last summer, Jim and Executive Vice President and Chief Operating Officer Robert “Rob” Lux were both appointed co-CEO after Chairman of the Board, President and CEO Greg Tornquist announced his retirement from Cenlar. Rob will continue in his role of COO reporting to Jim. Rob’s focus on Cenlar’s operations is critical to the company’s ability to provide responsive, timely and quality service to clients and homeowners.
About Cenlar FSB
Cenlar FSB is a federally chartered, employee-owned wholesale bank, servicing loans in 50 states and its U.S. territories. As the nation’s leading subservicer, Cenlar boasts a loyal and growing client base including banks, credit unions and mortgage bankers. Our nearly 4,000 employees, strategically located throughout the United States, are dedicated to customer satisfaction and teamwork that drives client solutions that are unparalleled in quality, flexibility and innovation. Headquartered in Ewing, NJ, Cenlar is industry rated and audited regularly by independent third parties.
Adrienne R. Kowalski
Corporate Communications Director