Anyone else have to deal with BOA selling loans as it gets close to approval?? I have one it is a first and second. I got close on the 2nd... They sold it. I have approval on that one now with the new bank. Today I am so close to approval on the first and now they are selling that one to Bayview. I am so frustrated. Any advice?? Is there a way to escalate and get help from BOA higher ups?
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I've had several sold to Bayview, Selene Finance, etc. These companies are much easier to deal with than BOA. I've considered it a blessing actually.
If the file isn't approved it likely won't be possible to have BOA retain the servicing rights. I'd push to have it approved so at least you could try to have the servicing rights retained or have the new servicer uphold the approval letter.
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