As Cenlar Federal Savings Bank, Cenlar FSB, Citimortgage, Inc. was founded in 1912 and has federally chartered status. In the United States and its territories, Cenlar FSB offers mortgage servicing and sub-servicing of mortgage loans. It is a wholly owned subsidiary of Trenton, New Jersey-based Cenlar Capital Corporation.
The FDIC insures the bank’s client deposits. To improve operational efficiencies and take advantage of outside knowledge, banks and credit unions rely on third-party vendors. The mortgage company is the top loan servicing company in the country with a broad client base and locations strategically positioned all throughout the country.
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