Cenlar Appoints David Schneider to President and John Mezzasalma as Acting CFO

EWING, N.J.--(BUSINESS WIRE)--Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today that David Schneider has been appointed President of the company. He formerly served as Chief Financial Officer. John Mezzasalma – previously Cenlar’s Senior Vice President, Finance – has been named acting Chief Financial Officer. D. James “Jim” Daras will continue to serve as Chief Executive Officer.

“I want to congratulate both David and John. David is an accomplished and highly regarded mortgage banking executive with deep financial and mortgage servicing expertise, and John is a proven financial executive with more than 17 years of experience in corporate and operational accounting, audit, internal controls, taxes and finance. These moves are simply another acknowledgement of the importance of elevating expertise and strength from within our organization,” said Jim.

David manages Cenlar’s Banking, Financial, Client Management, Core Operations, Default Operations, Borrower Operations, Transfer Operations and Project Management businesses.

Prior to joining Cenlar as CFO this year, David 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, as well as head of JPMorgan's National Servicing and Default Operations.

John joined Cenlar in 2015 as Vice President and Chief Accounting Officer and was promoted to Senior Vice President three years ago. Prior to Cenlar, he was a Senior Manager with KPMG. As acting CFO, John will work closely with David and Jim to lead Cenlar's financial team.

About Cenlar FSB

Cenlar FSB is the nation’s leading subservicer, servicing loans in 50 states and its U.S. territories. Cenlar boasts a loyal and growing client base including banks, credit unions and mortgage bankers. Our employees, strategically located throughout the United States, are dedicated to customer satisfaction and teamwork that drives client solutions unparalleled in quality, flexibility and innovation. Headquartered in Ewing, NJ, Cenlar is industry rated and audited regularly by independent third parties.

For more information, visit www.cenlar.com.
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