Tag Archives: Fay Servicing

The 11th Annual Women in Housing Leadership Awards event capped off the 2022 Five Star Conference and Expo, recognizing the achievements of businesswomen impacting the housing and mortgage servicing industry.

During the 2021 Five Star Conference, women making a difference in the industry will be honored at the Women in Housing Leadership Awards Luncheon, as we get to know the nominees for the 2021 Excellence in Leadership Award.

This September, the in-person Five Star Conference and Expo will honor women who have forged a new path in the mortgage industry at the Women in Housing Awards Luncheon.

The Consumer Financial Protection Bureau announced Wednesday that they found a Chicago-based mortgage servicer in violation of federally mandated rules, and subsequently ordered restitution payments and system changes. The investigation found the mortgage servicer did not provide ample information about foreclosure relief options. Restitution requirements come in the form of a fine and procedural changes.

RES.NET, a California-based software applications firm serving the real estate industry, has partnered with Fay Servicing to provide Fay's clients access to RES.NET's expansive network of agents and vendors through the company's REO Portal.

Fay Servicing, a Chicago based diversified mortgage company, announced intentions to expand its portfolio by launching an REO division. Glenn Brooks has been selected to head up the new department, serving as Senior Vice President. In that role, Brooks will provide strategic direction and manage outside relationships vital the division’s success.

Fay Servicing, a residential mortgages servicer, announced the addition of Nancy Barthel to its executive team as SVP of operational risk. Her role will be to develop and strengthen the company's QA/QC programs, as well as managing risk across the organization.

Fay Servicing, a Chicago-based special servicer, has earned stable outlooks from both S&P and Fitch Ratings. According to the agencies' assessments, the rating actions are based on Fay's robust single point of contact (SPOC) model and integrated servicing technology.

Fay Servicing, a Chicago-based special servicer, announced the launch of an initiative to create strategic partnerships with mortgage lenders and help train originators for careers in servicing. The program is designed to provide training to hone key skills such as managing initial calls with borrowers, meeting compliance requirements, and conducting a Personal Budget Analysis (PBA) for borrowers.

Fay Servicing, a special servicer based in Chicago, strengthened its legal team with the hiring of industry veteran Loren Morris, Esq. Morris, who has more than 25 years of experience in financial services, mortgage banking, servicing and secondary marketing, was appointed to serve in three roles-as general counsel, chief compliance officer, and EVP.