Fay Servicing, a special servicer based in Chicago, has created a division to manage foreclosed properties.
Glenn Brooks has been hired as a senior vice president in charge of the new business unit, the company said in a
Before joining Fay Servicing, Brooks held various executive positions with Quantum Servicing and Accredited Home Lenders, where he led a team of asset managers across the country to determine market value and the best marketing strategies on real estate owned.
“Launching this division simply would not have happened if we had not found someone with such a strong background and compelling track record in the REO business,” said Ed Fay, founder and chief executive officer of Fay Servicing.
The unit's services will include eviction attorney selection and oversight, access to a real estate agent network, pre-marketing strategy development, contractor selection and project oversight, and offer and contract negotiations.
The move comes as
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