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On the heels of announcing its executive leadership succession plan, Cenlar FSB unveiled Aug. 11 that it appointed four senior leaders to its default management team. 

“We are excited to welcome these members to our team – all of whom have extensive knowledge in default management and years of experience in mortgage servicing,” Senior Vice President of Loan Operations William Moffett said in a statement. 

Joining the Ewing-based mortgage loan subservicer and federally chartered wholesale bank are: 

Adam Saab
Vice president and head of early-stage default 

Saab has more than 20 years’ experience in servicing and subservicing for servicers and large banks. He will oversee all the early phases of the default process, including single point of contact and loss mitigation. 

Prior to Cenlar, Saab spent 14 years at CitiMortgage, where he was most recently senior vice president of default operations. He also held executive roles at PNC Bank and LoanCare. 

Adam Wood
Vice president and head of late-stage default 

Bringing more than 25 years of mortgage industry and servicing experience to Cenlar, Wood will be responsible for all late stages of default, including bankruptcy, REO/property preservation, claims, loss analysis and foreclosure. 

Before joining Cenlar, Wood held several leadership positions at Mr. Cooper, including most recently as senior vice president of default operations. He also held multiple leadership roles at Fannie Mae. 

Jason Schmidt
Vice president and head of claims 

Schmidt’s 15 years of mortgage servicing experience include seven at Mr. Cooper as assistant vice president of claims. He also held leadership roles at Ocwen Financial and Brice, Vander Linden & Wernick/NBS.  

His background is in bankruptcy, government and mortgage insurance claims, business analysis, default operations, portfolio management, loss analysis and foreclosure. 

Jessica Sharp
Vice president and head of foreclosure 

Sharp brings more than 14 years of experience to Cenlar, notably in foreclosure operations. Most recently, she was vice president of default for PennyMac Corp. She also served as assistant vice president of foreclosures at Nationstar Mortgage. 

Throughout her career, Sharp has managed bankruptcy, GSE (government sponsored enterprises) foreclosure processes, business analysis, default operations, investor reporting and loss analysis.