Tom Donatacci Joins Cenlar

Industry veteran Thomas “Tom” Donatacci is joining Cenlar FSB as SVP and Investor Relations Officer, the company announced in a press release. “I am excited to be joining Cenlar, the leading subservicer in our industry, at this point in the evolution of the company and my own career,” Donatacci said. In his new position, Donatacci will strengthen relationships with Cenlar’s stakeholders, as well as grow relationships with clients and prospects. Donatacci brings decades of leadership experience to the position, including extensive work in servicing and subservicing, due diligence, and M&A. Prior to Cenlar he served as EVP of Business Development for The Money Source Inc. His other experience includes Chief of Staff at Impac Holdings, EVP of Special Servicing at…

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.…