Founded in early 2008 to address challenges created by the housing crisis, our company is committed to providing innovative servicing solutions for both performing and non-performing mortgages. Before founding our firm, we conducted an exhaustive analysis of the existing mortgage servicing industry and gained valuable insight into the inherent challenges facing mortgage servicers. Realizing... show more
Fay Servicing Reviews
5
9%
4
2%
3
2%
2
4%
1
82%
1.5
45 reviews
45 reviews
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Fay Servicing
cm04041930 @cm04041930
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1 Star Rating
Horrible service and a cheater!!!! They purposely post payments to principle as well as taking almost a whole week to post payments
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Product: Fay Servicing Conventional
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Fay Servicing
barbdanh60 @barbdanh60
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1 Star Rating
Had water damage. Filled with insurance. Got check almost immediately. But had to send to mortgage company because of the amount. No problem with that. But took them forever to send us any kind of check to get the work started. This started on Xmas eve and the work was done in February. We are still waiting for the rest of our money. Had to pay workers with my income tax check. Just called the in may. To hopefully get the rest of my money. Every time I call it’s a new person I talk to. The right hand has no idea what the left hand is doing. I’m very angry and tired off having to call over and over again. With out any results. It shouldn’t be this difficult to get things handled. I’m so tired off the excuses. 5 months. Work was done in 2.
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Product: Fay Servicing Conventional
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Fay Servicing
nori_brixenproperties @nori_brixenproperties
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1 Star Rating
0 stars, imcompetent, fraudulent and . We own a multi family property and had issues with them trying to force us to use their insurance provider (also owned by then) which was about 70% more expensive. So then they add in their insurance premium fees and then it takes countless hours for us and our insurer to explain to them how a multi-family insurance policy works and get the charges removed. We go through this it seems every 6 months. If anyone wants to start a lawsuit, I would happily join and contribute. They need to be closed down.
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Product: Fay Servicing Conventional
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Fay Servicing
Lori @lori_rosa
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1 Star Rating
Verified Customer
0 Stars below Negative are deserved for this Mortgage Servicer and any one that has looked the other way with them. They are unprofessional, inept, incompetent and have been sued multiple times for various servicer infractions. The next step Is that All public Government Agencies and private individuals and entities and Consumer advocacy groups and officials responsible; US Attorney General's must put them out of business once and for all. They are and have been negatively accounting and reporting on my own Mortgage since they assumed Servicing responsibilities due to their multiple errors. In my opinion they are not even legitimate nor have legal standing to do what they do from what I've seen. They are pirates. I say start at the top and bring their house down... Fay Servicing your days are numbered. I and countless others that you have attempted to roll over are seeing to it once and for all.
Fay Services has been great working with, they attend to all your needs. I couldn’t ask for a better partner on this journey to get my home paid off and feel financial freedom!
Fay Servicing will not work with consumer and show proof of any monies owed to them. they increase payments on mortgages above mortgage contracts and also will not work with heirs of mortgages and their customer service hangs up on people when asking questions and sends out insulting letters. I personally would stay away from doing any business with this company
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Product: Fay Servicing Conventional
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Fay Servicing
Richard @richardfeldkamp665
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2 Star Rating
Verified Customer
They have been notified on numerous occasions that my SSI comes on the 3rd Wed. of each month and the payment is paid then. They won’t adjust the date.
I paid the loan down to 42,000.00 and now they saying I owe them 49,000.00 this is highway robbery something needs to be done about this
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Fay Servicing
Cinnamon Harley @Charley_liberty
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1 Star Rating
This company is so completely incompetent and out right fraudulently steals money from their customers. I've had property since 2014 with the same insurance since then. I refinanced in 2021 and it got sold to this worthless company. They decided that I needed insurance on each individual apartment in 2 separate multifamily buildings which I own completely and insure completely. Starting in April they demanded the proof of insurance which I and my insurance agent provided at nauseum, and they completely ignored. They say they've found and fixed the issue but then have continually raise my mortgage payment after an escrow analysis. Then a few weeks later letters for more forced insurance. Some policies get canceled the mortgage payment doesn't get reduced and then they reinstate the policies on the same apartment they just canceled one on. They've stolen thousands of dollars so far. I'm not going down with out a fight, I've started messaging the lawyers that brought a past class action lawsuit against them for this same issue. I suggest we all get together.
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Product: Fay Servicing Conventional
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Chrystal Butterworth @chrystal
I am having issues with Fay Servicing as well. they need another class action suit filed against them. I guess the first one didn't work. THEY NEED TO BE PUT OUT OF BUSINESS!!!!
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lamecka_wilkerson @lamecka_wilkerson
Hello, do you mind contacting me via email? My family is going through the same issue. lamecka.Wilkerson@yahoo.com
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nori_brixenproperties @nori_brixenproperties
I'm having the same insurance issues with Fay on our multi-family property. I would be happy to join any lawsuit against them. They are so inept and it's such a waste of time to spend hours on hold unable to reach anyone to complain.
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Mark Steele @OxfordWaters
We're willing to join a class action. Fay servicing is fraudulent and incompetent. We sre having them force insurance on our properties
when they are already insured. 2nd year in a row, and theb we spend countless hoirs fighting to get our money back. Please contact us so we can get involved. Thank you. Please email us at Azafrancafe@yahoo.com
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Fay Servicing
saveryk2021 @saveryk2021
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1 Star Rating
Our mortgage was transferred to them, they are awful. They don't communicate, and they are trying to take our home over 5,000. Fay Servicing is the fifth mortgage company we have had in less then two and they are the worse.
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Product: Fay Servicing Conventional
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Fay Servicing
michiels999 @michiels999
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1 Star Rating
This company takes over a week to produce the payoff documents for a house. The service is terrible and the people over the phone are very rude. I will not work with a lender that uses them ever again.