Anthony Renzi, the former CEO of Ditech Holding Co.’s predecessor, is taking an executive role at subservicing giant Cenlar FSB.
Renzi will be serving as president and chief operating officer at Cenlar, a bank that does not take retail deposits. He left Walter Investment Management before it emerged from Chapter 11 bankruptcy protection in February.
“Tony’s appointment reflects his impressive work history spanning 30+ years in the mortgage banking and financial services industry and demonstrated success in executive level positions at Walter Investment/Ditech Holding, CitiMortgage and Freddie Mac,” said Gregory Tornquist, Cenlar’s chairman and CEO, in a press release.
“It is his proven track record of industry leading customer service, operational excellence and leadership that will enable Cenlar to continue its growth.”
Renzi’s tenure at Walter was brief. At the time he was hired in September 2016, the company was already in deep trouble, suffering from massive financial losses. Renzi was the fourth person to have served as CEO since October 2015, following Mark O’Brien, Denmar Dixon and George Awad.
Renzi implemented plans to reduce staff and close offices while at Walter, but ultimately the company was unable to obtain support from its creditors for its restructuring plan outside of bankruptcy.
Prior to joining Walter, Renzi served as chief operations officer, managing director at Citi, where he had responsibility CitiMortgage’s operations as well as Citi’s retail and commercial banks in North America. He previously served as executive vice president of the single family business, operations and technology at Freddie Mac, and as president and COO at GMAC ResCap.