Lead Loss Mitigation Specialist

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, Loss Mitigation, this position is responsible for guiding and coordinating the work of Loss Mitigation Specialists without direct team management responsibilities. This position serves as a subject matter expert and mentors team members, optimizes workflows and collaborates with other departments to achieve optimal outcomes and minimize losses.

Additionally, this role optimizes loss mitigation workflows, ensuring compliance with investor, insurer and regulatory requirements. The Lead Loss Mitigation Specialist analyzes data and provides advanced support for complex cases, developing and implementing loss mitigation strategies.

Qualifications Include:

• Bachelor’s degree in Business or related field (or equivalent combination of years of experience with High School diploma/ GED)
• 3+ years' experience in Default Servicing required
• 3+ years' experience in Loss Mitigation
• 3+ years' experience in the mortgage servicing industry
• 2+ years' experience working in a fast-paced work environment
• Analytical skills to distribute and allocate resources
• Strong knowledge of Microsoft Office products (Excel, Word and PowerPoint)
• MSP experience preferred
• Strong verbal and written communication skills
• Strong listening skills with the ability to facilitate meetings and effectively lead discussions
• Strong interpersonal skills
• Strong analytical skills and problem-solving abilities
• Ability to explain decisions and the reasons why to promote understanding and buy-in with others
• Solid decision-making abilities coupled with sound judgement
• Strong organizational and time management skills
• Ability to effectively prioritize numerous tasks and manage shifting priorities in a fast-paced, dynamic environment
• Client focused with strong execution skills and results orientation
• High-level of attention to detail and consistency; high quality of work product
• Flexible, open to change; ability to learn new things quickly
• Collaborative work style; team orientation with the ability to provide guidance for working groups
• Compliance orientation

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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
• Eligible for Hybrid Work Schedule with Remote Flex Days 

Compensation

• The hiring range for this position is between $23.37 – $26.97 per hour
• 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.