Sign in

Fay Servicing, LLC

Sharing is caring! Have something to share about Fay Servicing, LLC? Use RevDex to write a review
Reviews Fay Servicing, LLC

Fay Servicing, LLC Reviews (103)

• Aug 17, 2020

FAY Servicing just wants your house if they see any property gain
From the first time I started with Fay Servicing things have gone hare-wire. My mortgage was recently sold to Fay Servicing after 5 other companies, within a span of 21 years- I am not sure why mortgage companies observe such a one-sided activity. In fact, FAY Servicing is my worst company to date, after dealing with Bank of America- which was way better than FAY. Anyway, this covid-19 caused my job loss, and FAY servicing asked me to provide documents for modification, which spanned 4 months or so before it was finished. Now, after sending FAY my modification application, the company sent me an appraisal letter. I wondered what such appraisal was trying to tell me. However, about two weeks later I discovered what the deal was: the letter was a preview to what was coming later- that there was no modification for me. Fay asked me to pay all the past dues, which I was not even aware of. Fay asked me to hurry-up and vacate the property if I am not going to pay the outrageous amount...and remember to pay any dues remaining while I am finding out what I intend to do with the property. The problem here is that FAY wants my house- after observing what the current market price for the property is. This is why FAY did not consider the CARE-ACT, which is the current remedy for people like me. The federal government recognize remedies like forbearance, modification, and so forth, but FAY will not recognize such legitimacy. Hence, they did not offer me any option that will help me stay in my house. What a company!

• Sep 23, 2020

Read more about these crooks running scams on senior citizens and forclosed on their homes:

• Sep 11, 2020

The King Alligator, who is the creator and founder of Fay Servicing is Ed Fay. He is supported by the company's COO, Andy Liang, by President Kimberly Bingham, and Vice President Ryan Finnigan. You will find the company has fielded an impressive social media presence online, which seeks to convey a friendly corporate image that is not supported by the truth; Barracudas swim in these waters. Fay Servicing is responsible for making more Americans homeless than any California wildfire, according to first-hand statements from its victims, some of whom are elderly grandmothers.

• Aug 17, 2020

Fay Servicing continues to carry out what has been described as a Reign of Terror against medically vulnerable senior citizens during the COVID-19 Pandemic, using law firms that act zealously, and consistently foreclose upon the homes of the COVID ill and elderly, all the while that Fay is reassuring or deceiving them regarding the status of their mortgage.

• Aug 15, 2020

Criminals Foreclosing on Senior Citizens Home During COVID-19
All the negative reviews posted on the internet are true and factual. Fay Servicing operates like a organized crime racquet, they lie, deceive, fabricate loan documents and then pad up your mortgage account with all kinds of fees. These crooks operate have zero conscience who they make homeless by the illegal foreclosure.
My aunt is a senior citizen living in California, and they are now foreclosing on her home for 17 years without providing her any work out options.
One would think after The Consumer Financial Protection Bureau (CFPB) today took action against mortgage servicer Fay Servicing and fine then $1.15 Million for failing to provide mortgage borrowers with the protections against foreclosure that are required by law, the crooks would change their criminal practice.
To the contrary, they are taking advantage of the COVID-19 pandemic to rush foreclosure on sick California Seniors.
With the use of a bottom feeder lawyers Wright, Finlay & Zak located at 4665 MacArthur Court, Suite 200 Newport Beach CA 92660 to carry out the reign of terror against medical vulnerable seniors.

Since Fay Service President: Andy Laing seem to enjoy disaffecting families and make them homeless during this dangerous pandemic, then Andy Laing should not complaint when victims and their families pay his corrupt and lying a** back.

If you are victim of Fay Servicing in the State of California the Attorney General Office wants to hear from you Please Contact the office at (800) 952-5225 or visit the link below

• Jul 28, 2020

Fay Servicing has zero customer support ... its account-manager-based-system would and could only work if the same individual remained with your account, and the current person assigned actually responded to emails and phone calls. It took over two weeks and multiple inquiries with our current, assigned account manager to respond, with a promise of getting back to me within 48 hours. That never occurred. Insurance and tax payments from escrow may or may not occur. It simply is a really, really poor institution that lacks any semblance of customer support/service. No wonder Fay has 1 out of 5 stars all across the internet, on multiple review sites. It is no wonder that Fay has numerous Better Business Bureau negative reviews and complaints.

• Aug 17, 2020

Read this story about the Fay Servicing:

• Jul 25, 2020

Bad Company
Faye Servicing is worst mortgage company I have ever dealt with. It takes forever for them to post payments and then send statement for double the amount. Poor employees.

I Was effected from COVID19 and Called in 6 Times to talk to my account Manager no response the rep I spoke With in march said that I qualify for a march deferment its in the notes now the are telling me that's its a deferment. Unacceptable! I want someone to Contact me in regards to this I've called in every вay and every time they email my account Manager Pamela and her supervisor Chris no response unacceptable! If I was told that at the Time I was eligible for a deferment in march then I should get it the recording's and notes should explain everything its to protect me from poor Leadership from faye servicing they are terrible and if I don't gets results I will use every social Media outlet to let the people know how terrible their response is during this crisis in our world they are not providing ANY sort of help

• Jan 28, 2020

We sent them 2 money orders for our house payment in Dec.2019 and they lost them. Now we have to go through the process of filing for lost money orders and put stop payment on them and re-send them the money for house again for December 2019. They are the worst company to deal with including their managers would not put much effort in finding these money orders. they claim they never got them and post office said they was delivered to them cause it was certified mail so they had to sign for them.

• Jan 06, 2020

Initial Business Response / [redacted] (1000, 5, 2014/03/06) */ Contact Name and Title: [redacted] Contact Phone: XXX-XXX-XXXX Contact Email: [redacted] Dear MsAbril and Mr [redacted] : We received an email from the (""), which included your complaint regarding the payment that was drafted on February 13, Please accept our sincere apologies for the frustrations you experienced On February 25, 2014, we returned the payment of $in the form of a checkI regret there was a delay in returning your funds because we executed the modification shortly after the payment was draftedAlso, to reimburse you for the overdraft expenses you incurred, we have issued a check for $ Thank you for bringing this issue to our attentionWe assure you this issue will not happen againAt this time, the loan is currently due for the April payment If you have any questions, please call us at X-XXX-XXX-XXXX Sincerely, Compliance Department Fay Servicing, LLC

• Dec 26, 2019

My Loan was recently sold to Fay ServicingIt has been a nightmare ever sinceI cant get anyone to call me back, I leave countless messages with my account managerThey upped my mortgage by $and say it is a escrow shortageI have lived in this house for years and never has my mortgage been this highI am completely beside myselfFor the life of me I don't understand why this company is not being held responsible for there actions of ignoring home ownersIt's horribleI have read the reviews of just common customer service and it seems as no one is getting any from Fay ServicingMy next step is to call a lawyerIt's sad that it really has to come to that pointHuge thumbs down to this companyI would love for someone to call and request how many times I have called and left a message with no return call back when I am only trying to find out what is going on with my mortgage payment

• Apr 27, 2020

Good to the CFPB ( website and file a complaint against them.. In June of 2017, the CFPB fine Fay Servicing $1.5 million dollars for doing the very same thing you describe.

[redacted] sold our mortgage to a company that uses Fay ServiceSince day one we have had nothing but issues with FayEvery time I call to resolve an issue they are rude and condescendingThe mortgage is in my husband's name but he sent in a letter stating I was given permission to deal with them on his behalf via certified mailThe next time I had to call to resolve an issue they claimed I wasn't authorized so I had to get my husband on the phone so he could verbally give me authorization even though he sent a letter in that we know the receivedThe next time I called in the same thing happenedEvery time you call in it says how they are a debt service and anything said can be used against us when recovering a dept...This is extremely offensive as they service our mortgage and we pay every month ON TIME! So every time I call I am given this long read paragraph by an "account manager" about how they are a debt collection company; it is insulting to those who pay their bills on timeThere "account managers" will talk down to you, argue with you and treat you like you are piece of trashI received the mortgage statement today and saw that there was an amount listed as suspense fundsI called to see what that was about and was told that we over paid on the monthly payment and they put it in an account because they don't know what to do with it...well we over pay EVERY month and have told them to apply it to our principalThis has been the way it has been done for a long time but now they say they don't know what to do with the additional money??? Then the "account manager" informs me that to guarantee that the additional funds are applied to the principal I need to make the payment through them directly instead of going through our bill pay at our bankThis is BS! It is always something with this company and instead of wanting to help you all they want to do is blame us and argue, they NEVER take responsibilityYou would think that treating your customers who pay their bills ON TIME would be treated with respect! I am a calm and understanding person but the people at this company cause me anxiety every time I call and I end up getting so upset because they won't listen

• Dec 12, 2019

Initial Business Response / [redacted] (1000, 5, 2014/06/27) */ Please see attachement Initial Consumer Rebuttal / [redacted] (2000, 7, 2014/06/30) */ (The consumer indicated he/she ACCEPTED the response from the business.)

• Dec 06, 2019

Initial Business Response / [redacted] (1000, 5, 2014/06/30) */ Contact Name and Title: [redacted] Manager Contact Phone: XXX-XXX-XXXX Contact Email: [redacted] Dear Mr***: We received your complaint to the regarding the late charges on your account, and I have been assigned to research and respondEnclosed is a payment history for your records Fay Servicing, LLC acquired servicing of the above-referenced loan from [redacted] on June 17, At the time of the transfer, you had a zero late fee balanceAfter further review, your previous servicer did not assess a late fee on your account During our servicing, four late fees were assessed to your account, totaling in the amount of $A charge of $was assessed on 8/21/13, 10/16/13, 1/16/14, and 2/17/One late fee was waived on January 18, 2014, and you had paid $in late fees on January 28, Your payments are due on the first of the month, but your account has a 15-day grace period before incurring a late feeEnclosed is a copy of your Note which confirms this information The first late fee was assessed when your August payment was returned for insufficient fundsYour account incurred the second late fee because we received your October payment on October 23, We received your January payment on January 28, 2014, and the February payment on February 27, Fay Servicing posts payments on the same day they are receivedPlease provide us evidence that we received these payments before the processing date, such as a mailing confirmation, and we will then be able to research this matter furtherShould you provide proof that such payments were received prior to the grace period, we will waive the late charge We trust this letter addresses your concernsIf you have any questions, please call us at X-XXX-XXX-XXXX Sincerely, [redacted] Compliance Department Fay Servicing, LLC Enclosures

• Dec 05, 2019

Initial Business Response / [redacted] (1000, 5, 2014/08/12) */ August 12, [redacted] S [redacted] Street [redacted] XXXXX-XXXX RE: Borrower(s): [redacted] A [redacted] Account Number: XXXXXXXXX Case No.: XXXXXXXX Dear Ms [redacted] : We are in receipt of your correspondence submitted through the ( portal on August 7, 2014, regarding the above referenced account and I have been assigned to research and respond Ms [redacted] account boarded our systems on October 11, At the time of our acquisition, the account showed an unpaid principal balance (UPB) of $43,with a contractual payment of $at a 12.84% interest rateA copy of the Security Instrument outlining the terms of the loan is enclosed for your review Please be assured we did not collect a monthly tax deposit or make any tax disbursements while we serviced the accountHowever, we did collect a monthly hazard insurance deposit of $due to the homeowner's insurance (HOI) policy we force placedThe account was delinquent at boarding and thus we force placed a Southwest Business Corporation HOI policy to protect the investor's interest in the property On May 10, and May 27, 2014, we received payments in the amounts of $The contractual payment amount was $and therefore we could not apply any funds less than the full amount dueWe placed both of the $payments in a suspense account until we enough funds are received to satisfy the total monthly paymentEnclosed is a payment history detailing the application of these payments At acquisition, we waived all potential late fees on the account and assure no late fee charges were included in the payoff amountThe late charges that were assessed throughout our servicing of the account were waived on June 30, Please see the "late charge adjustment" description outlined on the enclosed history statementWe confirm that all late charges were waived and not included within the payoff statement The payoff amount indicated on the statement is more than the UPB due to additional fees being included with the UPBThe payoff amount included $43,as the UPB, $1,as interest accrued at 12.84%, $due to an escrow shortage and $1,due to recoverable corporate advancesOn June 30, 2014, we received a payoff check for $47,to pay the loan in fullAn escrow refund check for $was sent on July 2, as reimbursementAdditionally, an insurance refund check for $will be sent shortly for the remaining forced placed premium refundCopies of the payoff statement and a breakdown of the corporate advances are enclosed for your review The allocation of monthly payments towards principal and interest is determined by the amortization schedule of the loanThe exact amount applied to principal and interest each month varies depending on the term of the amortization scheduleThe payment history will outline application of any payments receivedWe confirm we collected a $monthly hazard insurance deposit but did not collect any tax deposits We trust the information provided has addressed the concerns outlined in your correspondenceShould you have any further questions, please feel free to contact us at XXX-XXX-XXXX Sincerely, [redacted] Compliance Department Fay Servicing, LLC Enclosures Initial Consumer Rebuttal / [redacted] (3000, 7, 2014/08/19) */ (The consumer indicated he/she DID NOT accept the response from the business.) The company never sent me any refunds nor the above letter nor anything they listed aboveThe company charged for property taxes my deceased sister paidI provided the verification to the Fay Serving coEverytime I call the company I get voice mails and and my calls are not returnedI have asked the company verbally and via Email to send any correspondence to my address at [redacted] S [redacted] since my sister passed away due to the stress they gave her Final Consumer Response / [redacted] (3000, 9, 2014/08/20) */ Please escalate my complaintI paid off the house on 6/30/and have not received the deed for the property located at [redacted] W [redacted] Final Business Response / [redacted] (4000, 23, 2014/09/17) */ September 17, [redacted] S [redacted] Street [redacted] XXXXX-XXXX RE: Borrower(s): [redacted] Account Number: XXXXXXXXX Property Address: [redacted] BLVD., [redacted] XXXXX Case No.: XXXXXXXX Dear Mr [redacted] : We are in receipt of your correspondence submitted through the ( portal on September 17, and I have been assigned to research and respond Thank you for your recent correspondenceWe have carefully reviewed this matter and determined that in accordance with the Real Estate Settlement Procedures Act (RESPA) and Regulation X, Fay Servicing, LLC is not required to respond to this correspondence for the reason identified below The information requested is substantially similar to information previously requested which we have already responded multiple times in the pastYou have not provided new and material information to support the asserted errorWe have conducted an exhaustive investigation regarding your claims and have determined that no error has occurred Account Managers are available at X-XXX-XXX-XXXX Monday through Friday from a.mto p.mand Saturday from a.mto p.mCentral Time We trust the information provided has addressed the concerns outlined in your correspondence Sincerely, Compliance Department Fay Servicing, LLC

• Dec 05, 2019

Complaint: [redacted] I am rejecting this response because: Sincerely, Sheldon ***

• Dec 04, 2019

January 12, Sharon [redacted] PlSaint Louis, MO RE: Account Number: [redacted] Property Address: [redacted] Pl., StLouis, MO Case Number: [redacted] Dear Ms [redacted] Fay Servicing, LLC (“Fay”) received the complaint you submitted to the on January 3, 2017, regarding the above-referenced loanThe complaint explained that, your property taxes had not yet been paid Please be advised that the payment on your property taxes is currently processingFay will take care of any penalties assessed due to the late payment of your taxes We trust the information provided has addressed the questions and concerns outlined in your correspondenceShould you have any further questions, please contact your Account Manager, Janielle [redacted] , at (312) ***-*** Sincerely, Legal Department Fay Servicing, LLC

• Dec 02, 2019

I was just sold to Fay Servicing a few month ago; I have been paying my property taxes on my own and have never escrowed.. I have no back taxes due and have never been delinquent.. They sent me an escrow analysis that included my insurance which I provided numerous times and my taxes.. When I called they said they received my insurance information and asked me if I have ever been delinquent on my taxes which I answered no.. They told me they would send it to escrow and to call back.. When I called I got a very rude man that told me to contact the tax collector about them getting a refund once I paid them which I told him you need to contact them since I never ever escrowed my taxes.. I was very patient with this man expecting some type of result after him over talking me the entire time he stopped talking and I didn't say anything he then proceeded to say what do you want me to do.. I said contact the escrow department and figure this out, he said he would and someone would contact me which I don't believe.. I called back and spoke to a woman that at least gave me more information letting me know if the tax department says taxes weren't paid they pay them right away.. I asked why was I not given the common courtesy to be contacted to let me know since this never happened with my previous mortgage company? She told me this is common knowledge which I did not know since I always paid them prior to the due date of being delinquent so I have 5 months to pay them.. She also told me eve if I have an arrangement with the tax collector to pay them in installments they would still pay them to protect their interest.. So what if I stop paying them at all? I don't have the extra 100 they added on to my regular payment.. She gave me an email address to request my account to not be escrowed but I am sure it was done just to get me off the phone.. I work in customer service and this is extremely unprofessional and disrespectful; I have never heard this happening to anyone without the mortgage company working with them...

• Dec 03, 2019

Luis Roman. 11 Kingsbury st Worcester Ma 01610 -- this is the copy of the amount money of the two claim #[1]-153455.12#(2)-$147927.67

• Nov 30, 2019

Communications with this company are non-existent and your "agent" will change at least six times before you give upNo matter what you read, they are not interested in your problemsThey are a collection agency and are not there to help youEven then, they have acted, in our case, with a complete lack of professionalism and are hesitant to give accurate information as to what you can and cannot do with your own property when you are in defaultDo not let them string you along until they own your houseGet professional help from an attorney or other qualified 3rd party counselor, don't waste valuable time dealing with Fay

Get a lawyer! We are in this situation due to job loss and have two special needs childrenFirst represenitive said we were denying home appraisal and turned us over to forclosure departmentNext represenitive very rude! He would change his tone of voice to try and intimidate meI've serviced the public all my working career and I would not ever treat another person like he didThis last represenative I thought was kind , told my husband on a three way phone call with a different company we decided to seek help fromThat we have a sale date on our house May and the sheriffs department will show up at our door and make us leave.He stated we were notified by a taped note to our door back in NovemberWe said we have never recieved any type of notification and Illinois is a judicial state and have recieved nothing stating a date we have to be out by.That was last phone call with themWe got a lawyer and they confirmed our house was not in forclosure and no sale date postedIf Fay Servicing wants to address this they can call my lawyerEric [redacted] law firm and talk to Sarah

February 8, William [redacted] & Cherryl [redacted] WI RE: Account Number: [redacted] Property Address: [redacted] , WI ID: [redacted] Dear Mrs [redacted] : Fay Servicing, LLC (“Fay”) is in receipt of your complaint submitted to the (“”) on January 30, regarding the above-referenced mortgage loan account, wherein you requested a return of payment funds in the amount of $1, Fay acquired your mortgage account for servicing as of January 1, on behalf of the current owner of the loan, Citibank, N.A., as trustee for CMLTI Asset Trust of Greenwich Street, 5th Floor, New York, New York, The account presently displays due for February 1, in the regular monthly payment amount of $1, Previously, you had contacted your Account Manager on January 20, to schedule a one-time payment draft in the amount of $1,113.34, which was then withdrawn from your authorized bank account on January 21, and applied in satisfaction of the January 1, due date on January 28, However, you had also sent a check to our office made out for $1,This check was similarly received on January 21, 2017, and applied towards the February 1, due dateYou later contacted your Account Manager on January 25, to request a return of this check as you indicated you mailed the payment funds prior to scheduling the draft on January 20, Therefore, pursuant to your request, the funds applied on January 21, to the February 1, payment were reversed on February 6, The escrow account was also analyzed on February 4, and found to hold a $overageAs such, the overage funds were combined with the reversed payment funds and returned to you as one check in the amount of $1,on February 7, Lastly, please be assured that no late fees were assessed in relation to this transaction nor was any negative credit information communicated to the reporting agenciesEnclosed is an account transaction history as reference We trust the information provided has addressed the questions and concerns raised in your complaintPlease contact your personal Account Manager, Abbie [redacted] , at ( [redacted] ***- [redacted] with any further questions Sincerely, Compliance Department Fay Servicing, LLC cc: Enclosure Fay Servicing is a debt collector, and information you provide to us will be used for that purposeTo the extent your original obligation was discharged, or is subject to an automatic stay under the United States Bankruptcy Code, this is being provided for informational purposes only and does not constitute an attempt to collect a debt or impose personal liabilityNMLS ID NoTell us why here

My mortgage was recently sold to [redacted] Servicing, and ever since, communication has been a nightmare First of all, they suddenly increased my payment by 33% due to some supposed escrow shortfall When I finally got an account manager on the line, he assured me that it wouldn't be necessary to increase it that much and quoted me a much better figure still an increase, but reasonable because of property tax increase But then the bill came and it was back again to the 33% increase! Now when I try to contact him, the number I have goes to an entirely different person, and when I have spoken to generic account representatives, they have no information about the conversation I had had with the original account manager! They originally had sent me this super friendly letter all about how personal their service is, but it is a load of hooey! Unfortunately, when it comes to mortgage servicing, I don't think the consumer has much control at all Two thumbs down here for [redacted] Servicing!!

Check fields!

Write a review of Fay Servicing, LLC

Satisfaction rating
Upload here Increase visibility and credibility of your review by adding a photo

Fay Servicing, LLC Rating

Overall satisfaction rating

Description: Fay Servicing LLC was founded in 2008. The Company's line of business includes originating mortgage loans, selling mortgage loans to permanent investors, and servicing loans.

Address: 440 S La Salle St STE 2000, Chicago, Illinois, United States, 60605-5011


Show more...



Sign in to see

Add contact information for Fay Servicing, LLC

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | New | Updated