Fay Servicing Receives Freddie Mac Approval

Enables special servicer to sell loans to GSE and service securities

CHICAGO--()--Fay Servicing, a residential mortgage special servicer, announced that it has now been approved as a Freddie Mac seller and servicer.

This is an important designation for Fay Servicing that validates the company’s expertise, servicing success and commitment to compliance.

This approval allows Fay Servicing to both sell conventional loans to Freddie Mac, as well as service the GSE’s securities. It also gives Fay Servicing the ability to purchase FHLMC MSRs on a bulk and flow basis.

“Receiving the Freddie Mac approval is an exciting achievement and an important step in the overall success of our company,” said Ed Fay, chief executive officer of Fay Servicing. “We look forward to applying our borrower-centric business model when we sell loans to Freddie Mac and service the organization’s securities.”

About Fay Servicing

Chicago, Ill.-based Fay Servicing is a special servicer which maximizes the value of residential loan portfolios for mortgage bankers and alternative real estate investors. For more information, please visit www.fayservicing.com.

Contacts

For Fay Servicing
Catherine Mootz, 678-781-7227
cmootz@williammills.com

Contacts

For Fay Servicing
Catherine Mootz, 678-781-7227
cmootz@williammills.com