Dave Applegate To Replace Greg Tornquist As Cenlar Board Chairman
Loan subservicer and wholesale bank Cenlar FSB has appointed Dave Applegate as Chairman of the Board of Directors, the company announced in a press release. He is replacing former Chairman of the Board, President, and CEO Greg Tornquist, who is retiring. At the same time, EVP and COO Robert Lux has been named co-CEO with Dr. James Daras, who will also serve as president. Applegate has been a board member since 2020 and brings three decades of experience in real estate, mortgage banking, and housing finance to the role of Chairman. His past experience includes CEO of Common Securitization Solutions, LLC, a joint venture of Fannie Mae and Freddie Mac; Homeward Residential, Radian Mortgage Insurance, and GMAC Mortgage and Bank.…