Fay Servicing Opens Second Office in Oakbrook Terrace, Ill; Expands Special Servicing Staff

CHICAGO--(BUSINESS WIRE)--Fay Servicing, a special servicer that manages distressed and at-risk residential mortgages, announced it has opened its second office in Oakbrook Terrace, Ill to accommodate its growth and access the mortgage talent in the western and northern suburbs of Chicago.

“Our efforts to expand the company and hire top-tier mortgage talent in new geographies will allow us to continue to build strong relationships with borrowers and maximize loan value, which are our primary goals.”

Fay Servicing’s staffing model focuses on hiring personnel with a strong background in loan originations, typically with large, prominent lenders. The company puts a heavy emphasis on origination experience within the special servicing role because that skill set and industry knowledge enable its employees to establish stronger relationships with borrowers and design and execute innovative servicing solutions to the many challenges presented in today’s quickly evolving mortgage landscape.

“Simply put, we believe having the highest quality professionals is critical to our success and that of our clients,” said Ed Fay, chief executive officer of Fay Servicing. “Our efforts to expand the company and hire top-tier mortgage talent in new geographies will allow us to continue to build strong relationships with borrowers and maximize loan value, which are our primary goals.”

About Fay Servicing

Chicago, Ill.-based Fay Servicing is a special servicer which leverages its relationship-based servicing platform to maximize the value of distressed and at-risk residential loan portfolios for banking institutions and alternative real estate investors. For more information, please visit www.fayservicing.com.