What does Fay Servicing do?
Fay Servicing is a mortgage servicer based in Chicago, Ill. It services loans for borrowers across the country. As a servicer, Fay Servicing is responsible for, among other things, creating and sending monthly statements to borrowers, collecting payments, and processing payments.
Is Fay Servicing a mortgage company?
Fay Servicing is a specialty mortgage servicer and originator that sees the customer behind every loan. At Fay Servicing, we understand that you are not a loan number — you are a homeowner.
How do I pay online with Fay servicing?
You can sign into your account from our homepage to make a payment online. If this is your first time doing so, you’ll need to register for online account access. You may also make a payment over the phone using our automated voice system by calling 800-495-7166.
Does Fay servicing report to credit bureaus?
They don’t report on time payments to credit agencies.
Who is the CEO of Fay Servicing?
Ed Fay
Ed Fay serves as the CEO / President of Fay Servicing. Allison Schorr serves as the Senior Vice President, Quality Assurance of Fay Servicing.
Can a mortgage servicer foreclose?
Servicers cannot foreclose on a property if the borrower and servicer have come to a loss mitigation agreement, unless the borrower fails to perform under that agreement.
Who is Fay Financial?
Fay Financial is a national mortgage and real estate services company offering mortgage servicing, property management and renovations, business purpose lending, home financing, consumer insurance, real estate brokerage services, title and escrow services, and more to homeowners, investors, and clients nationwide.
Is Fay servicing Freddie Mac?
CHICAGO–(BUSINESS WIRE)–Fay Servicing, a residential mortgage special servicer, announced that it has now been approved as a Freddie Mac seller and servicer. This approval allows Fay Servicing to both sell conventional loans to Freddie Mac, as well as service the GSE’s securities.
Who is Ed Fay?
Ed Fay is the founder and chief executive officer of Chicago, Ill. Prior to founding the company, Fay launched Countrywide’s Midwest national call center for its Full Spectrum division as a regional vice president.