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Fay Servicing has received approvals as a Ginnie Mae issuer and Fannie Mae servicer, enabling the company to expand into additional business lines within originations, servicing and sub-servicing. Receiving both Fannie Mae and Ginnie Mae approvals is a positive validation of the firm’s servicing expertise, compliance regime and financial strength. This is an important step for Fay Servicing that broadens its servicing product mix and origination capabilities in multiple distribution channels.
“Fannie Mae and Ginnie Mae approvals add meaningful opportunity for us to grow both our servicing and origination businesses,” said Ed Fay, CEO of Fay Servicing. “We look forward to applying our highly differentiated and borrower-centric business model in the agency and Ginnie Mae markets.”
Fay Servicing plans to both buy servicing rights and sub-service for counterparties seeking a reliable partner. Fay Servicing will leverage its unique relationship-based servicing platform that it has developed in the whole loan and non-agency sectors to maximize value and minimize the risks of servicing portfolios with innovative deal structures that effectively align interests.