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Cenlar Will Offer Servicing for Home Equity Lines of Credit.
Cenlar FSB here, one of the nation's largest subservicers of residential mortgages, will add a new product to its arsenal later this year.
Cenlar is developing a platform for servicing home equity lines of credit in response to growth in this market. Previously, Cenlar's focus has been on residential mortgage loans and closed-end second liens.
But Dave Miller, business development director of Cenlar, told MSN recently that subservicing of HELOCs will enhance growth opportunities for the firm and allow it to service all of a client's residential loan products.
Cenlar has already kicked off its formal program to deliver a HELOC subservicing solution and plans to bring clients on board in the fourth quarter of this year. Mr. Miller said clients will be able to use the service on a private-label basis, so that consumers do not realize their loan is being serviced by a third party.
He said the rise in interest rates has increased demand for open-end credit products such as HELOCs as banks and other lenders look for ways to offset declining refinance ...
- Cenlar Will Use Fiserv for HELOCs.
- Magazine article from: National Mortgage News September 20, 2004 700+ words
...Schwartz, senior vice president of Cenlar. "Therefore, critical to our...built into MortgageServ enables Cenlar to maintain all of the HELOCs it services on a single copy...assignments and next steps. Cenlar employees will not have to memorize...
- Cenlar Will Offer Servicing for Home Equity Lines of Credit.
- News wire article from: Mortgage Line June 29, 2004 700+ words
...development director of Cenlar, told MSN recently that subservicing of HELOCs will enhance growth opportunities...residential loan products. Cenlar has already kicked off...what do they do with HELOCs if they outsource loan...Mr. Miller said. Cenlar has built a project management...
- Cenlar Will Use Fiserv For HELOC Servicing.
- News wire article from: Mortgage Line October 7, 2004 700+ words
...lines of credit. Recently, Cenlar announced that it was adding...private-label subservicer, Cenlar performs back-office loan servicing...built into MortgageServ enables Cenlar to maintain all of the HELOCs it services on a single copy...
- Cenlar Will Use Fiserv For HELOC Servicing.(Home Equity Lines Of Credit)(Brief...
- Magazine article from: Mortgage Servicing News October 1, 2004 700+ words
...lines of credit. Recently, Cenlar announced that it was adding...private-label subservicer, Cenlar performs back-office loan servicing...built into MortgageServ enables Cenlar to maintain all of the HELOCs it services on a single copy...
- Cenlar uses MortgageServ to enter private-label HELOC servicing.(TechNewz)
- Magazine article from: Mortgage Banking October 1, 2004 700+ words
CENLAR FSB, EDISON, NEW JERSEY, WILL use...support home-equity lines of credit (HELOCs). According to Cenlar, the addition of line-of-credit...clients," said Stephen W. Gozdan, Cenlar's chief operating officer. "Since...
- Cenlar FSB Will Enter Private Label HELOC Servicing Using MortgageServ Solution...
- Press release article from: Business Wire August 30, 2004 700+ words
BROOKFIELD, Wis. -- Cenlar FSB, one of the nation's largest...support home equity lines of credit (HELOCs). Last month, Cenlar said the addition of line-of...said Stephen W. Gozdan, COO of Cenlar. "Since institutions define line...
- Cenlar FSB Announces Three Executive Management Positions.
- Press release article from: PR Newswire June 6, 2006 700+ words
...Young, Chairman of the Board and CEO of Cenlar FSB, announced the executive management promotions of three key Cenlar employees. Gregory S. Tornquist has...President and Chief Operating Officer of Cenlar FSB. He joined Cenlar in 1987 and has...
- Cenlar FSB Announces Major Executive Change.
- Press release article from: PR Newswire January 8, 2008 700+ words
...Executive Officer and Chairman of the Board of Cenlar FSB, announces the first major change...Gregory S. Tornquist, President of Cenlar FSB will be named Chief Executive Officer...to retaining the title of President of Cenlar FSB and President of Cenlar Capital Corporation...
Source: HighBeam Research, Cenlar Will Offer Servicing for Home Equity Lines of Credit.