D. James “Jim” Daras has been named CEO and President of Cenlar FSB.
The mortgage loan subservicer and wholesale bank appointed Daras to the role from his position as EVP, which he has held since 2022, the bank announced in a press release.
Cenlar is the country’s second-largest mortgage servicer and largest subservicer.
“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,” Daras said.
Daras has a long history with Cenlar, starting in 1985. After rising to CFO in 1990 he left the bank to join Dime Bancorp. After that, he worked with venture capital firms like Loan Servicing Solutions, where he served as CEO.
He returned to Cenlar in 2015 as EVP and later Chief Risk Officer. He moved into an advisory capacity in 2019 before becoming EVP in 2022.
Daras and EVP, COO Robert Lux were both appointed co-CEO last summer, but Lux will now continue his role as COO, reporting to Daras.
“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.
Cenlar, a federally chartered and employee-owned wholesale bank, services loans in all fifty states.