EWING, N.J.--(BUSINESS WIRE)--Cenlar FSB, the nation’s leading mortgage loan subservicer and federally chartered wholesale bank, today announced that 25-year financial services veteran Walter P. Mullen has joined Cenlar as Corporate Development Officer.

“Walt is a dynamic executive with an entrepreneurial spirit and proven track-record of driving growth across various financial services organizations,” said Greg Tornquist, Chairman of the Board, Chief Executive Officer and President, Cenlar FSB. “In this role, Walt will be responsible for evaluating development opportunities within and outside of the core operations of Cenlar at a time when our technology investments are positioned to meet the changing needs of how our clients and their borrowers want to be served.”

Prior to joining Cenlar, Walt was Chief Strategy Officer of Title Resource Group, now Realogy Title Group, where he was responsible for creating, implementing and sustaining the strategic direction of the firm. Before that, Walt held a broad range of executive and management roles across various disciplines at Cendant and GE Capital. At GE Capital, he was part of a team that structured one of the largest subservicing deals at that time for GE Capital Mortgage Services. He earned his Master’s in Business Administration from The S.C. Johnson School of Management at Cornell University and a Bachelor of Science in Business Administration from Northeastern University.

“I am excited about joining the Cenlar team,” said Walter P. Mullen, Corporate Development Officer, Cenlar FSB. “As a private, employee-owned, wholesale bank with a strong balance sheet, Cenlar is uniquely positioned to leverage its ongoing investments in people, process, and technology to better serve its existing clients and create opportunities to service the broader financial services industry.”

About Cenlar FSB

Cenlar FSB is a federally chartered, employee-owned wholesale bank, servicing more than 3 million mortgage loans in 50 states. As the nation’s leading mortgage loan subservicer, Cenlar boasts a loyal and growing client base of more than 150 institutions including thrifts, credit unions, and mortgage bankers. Our more than 3,000 employees, strategically located throughout the United States, are dedicated to customer satisfaction and teamwork that drives client solutions that are unparalleled in quality, flexibility and innovation. Headquartered in Ewing, NJ, Cenlar is industry rated and audited regularly by independent third parties.

For more information, visit www.cenlar.com. Find us on LinkedIn here: https://www.linkedin.com/company/cenlar-fsb/