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…
The Oakleaf Group, a mortgage consulting firm, announced that Michael Ehms has joined the company as Managing Director of Business Development. In his new position, Ehms will work on business development for Oakleaf’s Mortgage Services teams. “I’m incredibly excited to join the Oakleaf executive team,” he said. “Oakleaf’s expertise and capabilities combine to create the perfect opportunity…
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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