Tag Archives: citimortgage

After joining the nationwide mortgage subservicer earlier this year as CFO, former head of CitiMortgage and WaMu Home Loans David Schneider has been named new company President.

Cenlar places 35-plus year veteran in role to handle all financial planning, treasury activities, taxes, insurance, real estate and property management, and vendor relationships.

Former President and COO of Mr. Cooper and C-suite executive tapped to lead the management of all operational aspects for the mortgage servicer.

Mortgage loan subservicer adds veterans Adam Saab, Adam Wood, Jason Schmidt, and Jessica Sharp to bolster its default management operations.

In an industry that is conforming to technology, mortgage originators are not only streamlining their business verticals to keep up with the industry standard, but they are also aligning with consumer interest by making services convenient and accessible.

The CFPB dinged two Citi subsidiaries for using excessive paperwork and deceptive practices to hinder borrowers trying to save their homes.