David Schneider, president and CEO of Cenlar, is a distinguished leader in the mortgage industry whose visionary guidance and strategic insight have set new standards for innovation and operational excellence. With a remarkable 35-year career, Schneider has transformed organizations and driven the industry’s evolution, solidifying his status as a true Vanguard.
Schneider’s journey in mortgage banking began at Old Kent Mortgage, where he swiftly advanced to CFO before leading the Retail Banking franchise. His accomplishments led him to Citigroup as president of CitiMortgage, where he oversaw 6,000 employees and managed major mergers. At Washington Mutual, he restructured Home Lending and ensured operational stability post-financial crisis at Chase, handling a $1.2 trillion servicing portfolio. His role in setting standards still used by the CFPB showcases his forward-thinking approach.
Renowned as a leader during transformative times, Schneider positioned Vericrest for growth, managed Ditech’s $250 billion portfolio, and led Stearns Lending through a successful sale. In each role, his steady, collaborative leadership has consistently delivered results.
Currently at Cenlar, the nation’s leading sub-servicer, Schneider has driven innovation and enhanced risk management, overseeing servicing for over 2 million homeowners. By fostering transparency and accountability, he has built a culture of trust while navigating complex regulations.
David is active in the Mortgage Bankers Association and Housing Policy Council, and serves on the Board of Directors for CU Servnet. His community commitment extends to his role as chairman of the Vestry for Trinity Church in Princeton, NJ.
In the past year, Schneider has reshaped Cenlar’s culture, emphasizing core values and nurturing talent. His leadership has improved client sentiment and streamlined operations with advanced technology. Through open communication and accountability, Schneider has rebuilt trust and positioned Cenlar as an industry leader focused on innovation, clients, and values.
What is one habit you swear by?
Doing the right thing, every time. Even when it’s not convenient or cost efficient.
Name:
David Schneider
Title:
President & CEO
Company Name:
Cenlar
