Tucker McDermott joined SMS Assist in February 2016 as vice president of Sales, responsible for growing the company’s residential and retail client base with real estate investment trusts (REITs), alternative investors and operators with large, distributed real estate portfolios.
Prior to SMS Assist, Tucker was executive vice president of business development for Fay Servicing, which he co-founded in 2008. In addition to raising start-up capital for the Chicago-based special servicing company, he built and managed relationships with alternative investors to grow Fay Servicing into an industry leader with more than $9 billion in distressed residential mortgages and real estate-owned (REO) properties under management and more than 450 employees across five different offices in the U.S. Tucker was also responsible for leading the marketing strategy and forming relationships with the firm’s blue chip clientele of private equity funds, REITs, investment banks, commercial banks and insurance companies. Prior to Fay Servicing, Tucker worked in institutional sales for investment banks UBS and Stifel Nicolaus, selling equity research to mutual funds, hedge funds and pension funds in the Midwest, New York and Texas.
Tucker holds an MBA in marketing and finance from the Kellogg School of Management at Northwestern University and a bachelor’s degree in finance from Georgetown University.