Fay Servicing’s Corporate Challenge Raises Over $100,000 For Charity

Fay Servicing, a full-service mortgage company servicing loans for more than 170,000 U.S. homeowners, has raised over $100,000 in donations for charity through its 2024 Corporate Challenge fundraising campaign.

Fay Servicing’s 2024 Corporate Challenge engages companies across the mortgage and financial services industries and encourages them to start employee giving programs or to use existing employee giving programs to make charitable contributions for a wide variety of non-profits and community organizations. To date, a total of nine companies have participated in this year’s Corporate Challenge, during which Fay Servicing contributed $50,000 in matching donations. Through this innovative program, Fay Servicing has fostered a spirit of community and philanthropy among other companies.

“Fay Servicing’s 2024 Corporate Challenge is a testament to the collective power of collaboration and philanthropy,” said Ed Fay, founder and CEO of Fay Servicing. “Together with our partners, we’ve brought real-world benefits to the many different communities we serve while setting a new benchmark for corporate giving. Collectively, we can do so much more for our communities than we could alone.”

Fay Servicing’s charitable efforts are driven by the company’s own 501(c)3 non-profit, the Fay-Constructive Foundation, which is supported by recurring employee donations through a payroll deduction program. Since 2008, Fay Servicing and the Fay-Constructive Foundation have donated over $1.2 million to dozens of charities that have served thousands of people nationwide.

Among the donations spurred by the 2024 Corporate Challenge was a donation from MFA Financial, Inc., which will go toward the Tunnels to Tower Foundation and its mission to provide mortgage-free homes to Gold Star and fallen first responder families with young children and build specially-adapted smart homes for catastrophically injured veterans and first responders.

Other charities supported by the 2024 Corporate Challenge included the Midwest Food Bank, the Jon Bon Jovi Soul Foundation, the Wounded Warrior Project, Feeding Tampa Bay, the Greater Chicago Food Depository, the North Texas Food Bank, the Samuel Waxman Cancer Research Foundation, and Bay Area Legal Services.

Other Fay Servicing vendors and clients that participated in the Corporate Challenge included Friedman Vartolo, MRLP LLC, Howard Law, Locke Lord LLP, New York Mortgage Trust, Rublin Lublin, LLC, and the Gilbert Garcia Group.

“Fay has put together an incredible program that has had a real impact,” said Jamie Thompson, Assistant General Counsel of MFA Financial, Inc. “I was thrilled that the 2024 Corporate Challenge brought additional support to the Tunnels to Towers Foundation, which is a charity I have been involved with for many years. This campaign has been inspiring and together, we are making a difference in our communities.”