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Fay Servicing Launches Job Program to Support Transitions to Servicing

""Fay Servicing"":http://www.fayservicing.com/, 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, refining listening skills, meeting all applicable compliance requirements, and conducting a Personal Budget Analysis (PBA) for borrowers,"" Fay Servicing said in a release.

With some lenders cutting origination staff in response to shifting demand, Fay Servicing says the moment is right to ""attract the next generation of special servicers.""

""These strategic alliances with mortgage lenders provide a new career option for origination staff who are seeking positions in the servicing industry,"" said CEO Ed Fay. ""And act as a way for the mortgage industry to shift its collective resources to related sectors where there is substantial growth.""

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

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