Fay Servicing, a company that manages distressed and at-risk residential mortgages, has appointed Loren Morris as chief compliance officer, general counsel and executive vice president. He will be responsible for leading corporate, strategic and legal initiatives.

Morris joins the company with more than 25 years of experience in financial services, mortgage banking, servicing and secondary marketing. Prior to joining Fay Servicing, he served as senior vice president, general counsel and chief compliance officer at a provider of customized services and component servicing for mortgage lenders and banks. He also held senior and executive positions with Bank of America; Goldman Sachs; and HSBC.