FL: Fay Servicing to Invest $1M, Hire 100 to Open Southeast Regional HQ
26 Sep, 2016
Governor Rick Scott announced that Fay Servicing will open its Southeastern regional headquarters in Hillsborough County. The Chicago, Illinois-based company will create up to 100 new Florida jobs and invest $1,020,000 in the community.
Governor Scott said, “I am proud to announce Fay Servicing has chosen Florida as the best location for their Southeastern regional headquarters, which will create 100 new jobs for families in Tampa Bay. This great news shows that Florida’s talented workforce, business-friendly environment, and incredible weather are encouraging more and more job creators to invest in our state. We will continue to do everything we can to help Florida outcompete other states for job wins so we can create more opportunities for our families.”
Fay Servicing is a diversified mortgage services firm that employs over 500 individuals nationwide. The new positions will pay an average annual wage of $55,130 and include mortgage loan servicing, REO property management, loan boarding, bankruptcy management and other roles.
“Florida is the perfect location for our company as it prepares for another significant expansion,” said Ed Fay, CEO of Fay Servicing. “The workforce here in Tampa is exceptional in terms of the skills we require, and the area provides many advantages when it comes to recruiting talented individuals. We are excited about expanding in Tampa and thank the state and local government for the support and warm welcome they have given us.”
Fay Servicing is leasing about 16,000 square feet at 8001 Woodland Center Boulevard, Suite 100 in Tampa.
“We welcome Fay Servicing to Florida and thank them for choosing to establish their Southeastern regional headquarters here,” said Crystal Sircy, Enterprise Florida Executive Vice President & COO. “Florida’s financial services sector continues to grow and national leaders like Fay Servicing are helping us build an even stronger foundation of companies. We look forward to their growth in Tampa.”
Florida is home to over 129,000 financial and professional services firms and their nearly 900,000 employees. Nearly one in four business and information services firms in Florida have a presence in Tampa Bay, including some of the nation’s leading corporations in banking, finance, and insurance.
“Florida’s financial activities sector has grown significantly over the last year, which is a great opportunity for Fay Servicing to also grow here,” said Cissy Proctor, Executive Director of the Florida Department of Economic Opportunity. “The company’s expansion into Florida is great news for local jobseekers and their families, and we are excited to welcome another headquarters operation to the state.”
The project was made possible through strong partnerships between Enterprise Florida, the Florida Department of Economic Opportunity, the Tampa Hillsborough Economic Development Corporation, and Hillsborough County.
“After Fay Servicing carefully considered locations in other states that fought hard for this project, Hillsborough County emerged as the clear winner,” said the Hon. Lesley “Les” Miller, chairman of the Hillsborough County Board of County Commissioners. “Our community has established itself as one of the top destinations in the United States for financial and professional services firms because of our exceptional labor market, quality of life, and cost-friendliness for business. We thank Fay Servicing for choosing Hillsborough County and extend them a very warm welcome.”
Fay Servicing joins a growing list of financial and professional services firms that recently chose Hillsborough County for relocation or expansion, including Willis Towers Watson, TransferWise, USAA, DTCC, Gateway One Lending and Finance, and BeniComp Insurance Company.
Colleen Chappell, chair of the Tampa Hillsborough Economic Development Corporation and CEO of ChappellRoberts, said, “Fay Servicing’s decision to invest in our community offers further proof of Hillsborough County’s economic dynamism and momentum. Together with our public and private partners, we look forward to supporting them as they settle into their new regional headquarters here.”
Interested candidates are encouraged to visit https://www.fayservicing.com/careers.php for information on available positions.
About Fay Servicing
Fay Servicing, LLC is a diversified mortgage services firm that specializes in managing distressed and at-risk residential loans. Fay Servicing differentiates itself by leveraging its unique talent, model, and process to build uncommonly strong relationships with borrowers. This relationship-based servicing strategy has positioned Fay Servicing as a leader in the mortgage servicing world. For more information, please visit www.fayservicing.com.
About the Tampa Hillsborough Economic Development Corporation
The Tampa Hillsborough Economic Development Corporation works to develop and sustain a thriving economy through the attraction, retention and expansion of high-wage jobs and capital investment in Hillsborough County and the cities of Tampa, Plant City, and Temple Terrace. Our efforts are focused on growing locally established companies as well as recruiting corporate headquarters and regional operations in targeted industry sectors including Information Technology, Financial and Professional Services, Life Sciences, Defense and Security, Manufacturing, and Distribution and Logistics. The Tampa Hillsborough Economic Development Corporation exists because of the generous support of over 100 investors from the local community. For more information, visit www.tampaedc.com.