At least two fast-growing special servicers are adding employees, and both are targeting mortgage loan originators — though for different reasons.
One of the companies, Wingspan Portfolio Advisors LLC, has seen its staffing grow from fewer than a hundred employees in 2009 to nearly 2,000 people this year.
Dallas-based Wingspan, which is a Mortgage Daily advertiser, has been advertising for loan officers to staff its new origination business.
The other special servicer, Fay Servicing, announced Tuesday that it is recruiting mortgage professionals with origination experience in the Chicago area.
Fay Servicing noted that its staffing model typically focuses on recruiting originators from large, prominent lenders.
“We value candidates with a deep backgrounds in mortgage origination because they typically have a powerful combination of mortgage intelligence and interpersonal skills necessary to connect with distressed borrowers, enabling us to leverage stronger borrower relationships and reach optimal loan resolutions,” Fay Servicing Chief Executive Officer Ed Fay said in the statement.
The Chicago-based firm said it expects to double its staff this year — with headcount expected to reach 200.
In March, a spokeswoman for Fay Servicing declined Mortgage Daily’s request to provide staffing numbers, noting, “They do not want everybody to know how big or small they are.”
