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Fay Servicing Launches Program to Transition Originators into Servicing

""Fay Servicing"":http://www.fayservicing.com/, a Chicago-based special servicer, announced the launch of an initiative to create strategic partnerships with mortgage lenders and help train originators for careers in servicing.

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The program is designed to provide training ""to hone key skills such as managing initial calls with borrowers, refining listening skills, meeting all applicable compliance requirements and conducting a Personal Budget Analysis (PBA) for borrowers,"" Fay Servicing said in a release.

With some lenders cutting origination staff in response to shifting demand, Fay Servicing says the moment is right to ""attract the next generation of special servicers.""

""These strategic alliances with mortgage lenders provide a new career option for origination staff who are seeking positions in the servicing industry,"" said CEO Ed Fay. ""And act as a way for the mortgage industry to shift its collective resources to related sectors where there is substantial growth.""

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