By KIMBERLEY HAAS With the holidays here, industry leaders are sharing what they are grateful for. NewDay USA is one of the nation’s leading VA mortgage lenders. CEO Rob Posner said helping veterans and their families inspires him. He is grateful for his team. “I’m grateful for our team’s dedication to helping over 100,000 Veteran…
The Consumer Financial Protection Bureau ordered Fay Servicing to pay a $2 million penalty for allegedly breaking mortgage servicing laws and violating an agency order. The CFPB contends that Florida-based non-bank servicer Fay Servicing ignored a 2017 order and took prohibited foreclosure actions against borrowers requesting mortgage assistance. The company failed to offer borrowers the…
Fay Servicing has named Dallas Vit Chief Information Officer, the company announced in a press release. “It’s exciting to join a firm with a solid foundation and such diversity in their business model. This team has a great reputation in the servicing business and their ancillary companies give us great opportunities,” Vit said. Vit brings…
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