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Press Releases

Fay Servicing Promotes Patrick Norton to President of Loan Originations and Greg Reed to Senior Vice President of Account Management

CHICAGO–(BUSINESS WIRE)–Fay Servicing, a residential mortgage special servicer and originator, has selected Patrick Norton as the new president of its origination division, Fay Mortgage Services (Freddie Mac, Ginnie Mae/FHA approved lender), and Greg Reed to replace him as senior vice president of account management. In his new role, Norton manages all originations activities including sales,…

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Fay Servicing Hires Wanda Montgomery to Lead Foreclosure Department

CHICAGO–(BUSINESS WIRE)–Fay Servicing, a residential mortgage special servicer and originator, has selected Wanda Montgomery to join as the firm’s senior vice president of foreclosure operations. In her new role, Montgomery will be based out of Fay Servicing’s Carrollton, TX office and she will lead the foreclosure department across multiple locations while reporting directly to Andy…

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Fay Servicing Launches REO Division, Hires Glenn Brooks as SVP

After launching its new mortgage origination division focusing on retail and correspondent loans in May, Fay Servicing has launched a new real estate owned (REO) property division offering a range of services, including eviction attorney selection and oversight, access to a large preferred real estate agent network, ‘cash for keys’ negotiations, pre-marketing strategies, contractor selection…

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Fay Servicing Selects Nancy Barthel as Senior Vice President of Operational Risk

CHICAGO–(BUSINESS WIRE)–Fay Servicing, a special servicer that manages residential mortgages, announced the addition of Nancy Barthel to its executive team as the company’s senior vice president of operational risk, where her role is to develop and strengthen the servicer’s QA/QC programs and manage risk across the organization. Nancy Barthel is a Certified Mortgage Banker (CMB)…

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Fay Servicing Hires Andy Laing as Chief Operating Officer

Fay Servicing, a special servicer that manages residential mortgages throughout the United States, hired Andy Laing to its executive team as chief operating officer. In his new role, Laing will lead all of the firm’s servicing, default, business intelligence and back office operations, as well as help manage new strategic initiatives. Laing brings over 20 years of…

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Fay Servicing Hires Loren Morris as General Counsel, Chief Compliance Officer & Executive Vice President

Mortgage industry veteran joins executive team; further strengthens organization’s legal team CHICAGO–(BUSINESS WIRE)–Fay Servicing, a special servicer that manages distressed and at-risk residential mortgages, announced Loren Morris, Esquire, has joined its executive team as the company’s general counsel, chief compliance officer and executive vice president, where he is responsible for leading corporate, strategic and tactical…

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