Fay Servicing is a nationally recognized mortgage servicer known for delivering borrower-focused support and investor-driven results. As a subsidiary of Fay Financial and a key part of The Fay Group, Fay Servicing specializes in managing re-performing and non-performing loans, as well other specialty products like Non-QM, jumbo, business purpose loans.
Fay Servicing’s high-touch servicing model emphasizes personalized care, helping homeowners navigate escrow, payments, and hardship solutions with confidence. For clients, we offer a strategic, transparent partnership built on operational excellence, real-time reporting, and regulatory compliance. Fay’s end-to-end servicing capabilities cover early-stage collections, loan modifications, property preservation, and default management. We also offer interim and business purpose servicing, including the infrastructure to oversee renovations and manage rents.
Headquartered in Tampa and operating nationwide, Fay Servicing combines deep industry expertise with cutting-edge technology to reduce risk, improve portfolio performance, and ensure an exceptional experience for both borrowers and investors.
Reporting to the AVP, Payments, this position is responsible for processing payments, reconciling accounts and ensuring accuracy in financial transactions. This position receives incoming payments, resolves payment discrepancies and assists borrowers with payment-related inquiries.
Additionally, the Payment Specialist I collaborates with internal and external customers, while prioritizing tasks and responding to email communications in a timely manner. This position maintains up-to-date payment records, ensuring compliance with regulatory requirements and company policies.
Qualifications Include:
- High School diploma/ GED, preferred or equivalent work experience
- 1+ years' experience in the mortgage servicing industry
- 1+ years' experience in servicing, banking and payments/ cash room preferred
- 1+ years' experience working in a fast-paced work environment preferred
- Knowledge of Accounting principles and financial concepts preferred
- Experience with Black Knight MSP preferred
- Strong verbal and written communication skills
- Strong interpersonal skills
- Demonstrated analytical skills and problem-solving abilities
- Good judgement with the ability to evaluate and make decisions
- Strong time management skills
- Ability to work effectively in a fast-paced, dynamic environment
- Customer service/ client orientation with strong execution skills and results orientation
- Ability to prioritize numerous tasks and manage shifting priorities
- High-level of attention to detail and consistency
- Flexible, open to change, ability to learn new things quickly
- Collaborative; ability to work effectively with others
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Featured Benefits
- Medical, Dental and Vision Insurance
- Company Paid Life Insurance
- Disability Insurance
- Pet Insurance
- 401k Program with Employer Matching
- 3 Weeks Paid Time Off (PTO)
- Paid Holidays
- Wellness Initiatives
- Employee Assistance Program
Compensation
- The hourly range for this position is between $18.92 to $21.20 hourly
- This position is eligible for an annual discretionary bonus
Fay Cares!
The Fay-Genstone Foundation was established to fulfill the philanthropic mission of The Fay Group employees to serve the communities in which they live and work. Our employees make voluntary contributions to the Foundation. Each quarter, their contributions are donated to organizations focused on improving education opportunities, combating poverty, and supporting military service members and first responders.
At Fay, we believe that the best ideas come from having a team that is diverse in backgrounds, experiences, and perspectives. We strive to ensure each of our employees feels valued, respected and included, and is presented with equal opportunities to be successful. Fay is an equal-opportunity workplace. The Fay Group and affiliated companies participate in E-Verify. For more information go to www.dhs.gov/E-Verify.
Equal Opportunity EmployerThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- High school diploma, GED, or equivalent work experience
- At least 1 year of experience in the mortgage servicing industry
- At least 1 year of experience in servicing, banking, payments, or cash room operations
- At least 1 year of experience working in a fast-paced environment
- Knowledge of accounting principles and financial concepts
- Experience with Black Knight MSP
- Strong verbal and written communication skills
- Strong interpersonal skills
- Analytical skills and problem-solving abilities
- Good judgment and decision-making ability
- Strong time management skills
- Ability to work effectively in a fast-paced, dynamic environment
- Customer service orientation and strong execution skills
- Ability to prioritize numerous tasks and manage shifting priorities
- High attention to detail and consistency
- Flexibility, openness to change, and ability to learn quickly
- Ability to collaborate and work effectively with others
What We Do
Founded in early 2008 to address challenges created by the growing housing crisis, our company is committed to providing innovative servicing solutions for both performing and non-performing mortgages. Until recently, the existing traditional mortgage servicers were adequately able to handle the mortgages under their care. The functioning premise of their servicing models was a high volume, low delinquency approach. However, in the last two years, due to many factors, residential mortgages have begun experiencing unprecedented levels of delinquency. As a direct result, many servicers quickly found themselves overwhelmed and unable to effectively manage the resulting complications. We conducted an exhaustive analysis of the existing mortgage servicing industry and gained valuable insight into the short-comings of current mortgage servicers. Realizing that even adapting an existing approach was wrought with immense challenges including legacy portfolio issues and unproductive corporate cultures, we decided to build a new model from the ground up, the focus of which would be to benefit both the homeowners and the lenders.
