July 2, 2018 Ewing NJ –Cenlar announced that Jim Daras, Executive Vice President and Chief Risk Officer, retired from the company on June 30th. Mr. Daras was instrumental in creating Cenlar’s Risk Department during his 10-year tenure.
“Jim has been a tremendous asset to Cenlar, as well as a great colleague and friend,” said Gregory S. Tornquist, Chairman of the Board and CEO of Cenlar FSB. “We wish him absolutely the best.”
Cenlar’s Risk Department will now be in the capable hands of Louis Glinn, the new Chief Risk Officer, who will be reporting to Gregory S. Tornquist moving forward. “I have full confidence in Louis who will be stepping up to ensure continued, world-class risk management within the company,” said Gregory S. Tornquist. Cenlar will continue to build the Risk Department as it is critical to Cenlar’s overall success.
Mr. Daras began his time with Cenlar as Treasurer and held the positions of Executive Vice President, Chief Risk Officer, and was a member of the Executive Committee and Operating Committee. He has more than 30 years in the banking and mortgage banking industry, and was in charge of Cenlar’s strategic planning, risk management program, banking and corporate finance functions, and was responsible for the risk governance structure and defense functions at Cenlar.
Cenlar FSB, an employee-owned company headquartered in Ewing, New Jersey, is among the nation’s leading residential mortgage subservicers. For more information about Cenlar, please visit www.cenlar.com.