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November 27, 2015 11:51 PM ET

Thrifts and Mortgage Finance

Company Overview of Fay Servicing, LLC

Company Overview

Fay Servicing, LLC operates as a specialty mortgage debt management company. It provides servicing solutions for performing and non-performing mortgages. The company was founded in 2008 and is based in Springfield, Illinois. Fay Servicing, LLC operates as a subsidiary of Fay Financial, LLC.

901 South 2nd Street

Suite 201

Springfield, IL 62704

United States

Founded in 2008



Key Executives for Fay Servicing, LLC

Chief Executive Officer
Chief Operating Officer
President of Loan Origination Division
Chief Compliance Officer, Executive Vice President and General Counsel
Senior Vice President of Operational Risk
Compensation as of Fiscal Year 2015.

Fay Servicing, LLC Key Developments

Fay Servicing Appoints Dave Siegel as Chief Information Officer

Fay Servicing announced that it has selected Dave Siegel to join as the firm’s chief information officer. In his new role, Siegel is responsible for developing and implementing plans for enterprise technology strategy, data architecture and business intelligence, application development and platform support, information security, infrastructure and program management. Most recently, Siegel led various architecture groups and contributed to departmental strategy, direction and resource planning as managing director of enterprise architecture at Blue Cross and Blue Shield Association.

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

Fay Servicing 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, underwriting, funding and delivery. He also oversees the division’s adherence to its mortgage lending policies and ensures compliance with state and federal regulations.

Fay Servicing Appoints Wanda Montgomery as Senior Vice President of Foreclosure Operations

Fay Servicing 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 Laing, chief operating officer of Fay Servicing. Most recently, Montgomery led a team of foreclosure consultants at Fannie Mae that traveled to servicers with underperforming foreclosure groups to assess the operations, provide support, help them utilize available technologies and implement industry best practices and process efficiencies.

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