Chicago-based Fay Servicing, a special servicer that manages residential mortgages, has opened an office in the Dallas metro area.
Fay Servicing's staffing model is based on hiring former loan originators and leveraging their strengths via its training program designed to transition them into special servicing account managers, the company explains.
‘Given the recent employment trends in the Dallas region, it was a perfect fit for executing our specialized approach of bringing strong originators into the servicing role while also enhancing our business continuity capabilities,’ says Ed Fay, CEO.