VP, Default Servicing

About the role

Fay Servicing is seeking a leader to manage and develop the Default Servicing function and teams. This individual will oversee the creation, organization, and maintenance of Default Servicing processes and frameworks, ensuring compliance with regulatory requirements and industry standards. They will lead engagements and collaborate with cross-functional teams to implement efficient end-to-end default operations, driving innovation and optimizing workflows.

Responsibilities

• Lead and develop the Default Servicing function and teams
• Manage the creation, organization, and maintenance of Default Servicing processes and frameworks, ensuring compliance with regulatory requirements and industry standards
• Assess methodologies that optimize recovery, reduce financial losses, and enhance the overall borrower experience during the default process
• Foster a culture of excellence, ensuring the highest levels of accuracy and security
• Understand Default Servicing practices within the mortgage industry and possess effective leadership skills to grow and enhance the capabilities of the Default Servicing function

Requirements

• Bachelor’s degree in Business or related field (or equivalent combination of years of experience with High School diploma/ GED)
• 8+ years' experience in the mortgage servicing industry
• 5+ years' experience in Default Servicing Management roles required
• 5+ years’ experience managing people and leading teams
• In-depth knowledge of agency reporting requirements, claim filing, auditing of financial information and mortgage documents, including collateral
• Demonstratable experience successfully leading servicing-related projects and initiatives with cross-functional teams
• Analytical skills to distribute and allocate resources
• Depth of experience working in a fast-paced work environment
• Strong skills and experience in MS Word, Excel and PowerPoint
• Strong verbal and written communication skills
• Strong interpersonal skills with the ability to develop and maintain effective relationships across the organization to influence and drive required results
• Effective management skills to include talent selection, training, coaching, mentorship and performance management
• Strength of leadership with proven ability to foster an environment of positive employee engagement and trust
• Demonstrated ability to quickly establish credibility; coupled with for recognizing and supporting the organization’s culture, values and priorities
• Collaborative and consultative work style
• Able to manage and lead change; agile; high learning agility
• Client focused with strong execution skills and a results orientation; able to link to business needs with tactical execution and results
• Strong analytical skills coupled with sound judgement; strong problem solving abilities
• Strong project management skills with the ability to effectively lead matrix teams
• Strong attention to detail; strong quality and compliance orientation
• Ability to effectively prioritize under tight deadlines in a fast-paced, dynamic environment; effective time management for self and team
• Self-directed; ability to proactively surface questions, opportunities, issues and concerns
• Professional maturity, integrity, ability to maintain confidential data and information
• Strong business acumen; strong fiscal and technical aptitude

Qualifications

• Understanding of Default Servicing practices within the mortgage industry
• Effective leadership skills to grow and enhance the capabilities of the Default Servicing function

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
• Eligible for Hybrid Work Schedule with Remote Flex Days

Pay

The hiring range for this position is between $95,000.00 - $125,000.00 annually

Schedule

This position is eligible for an annual discretionary bonus

Featured Benefits

• 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. Their 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.
• Fay is an equal-opportunity workplace
• The Fay Group and affiliated companies participate in E-Verify