First American buying B of A mortgage lien release business

BofA sold the second mortgage to Household Finance, which then was sold or became part of HSBC. The bofa short sale has now been put on hold until we can get a payoff on the HSBC loan; however, after many weeks of researching this with HSBC, the attorney, the seller and myself have been transferred from department to department with no luck.

First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America. The transaction is expected to close in the first quarter of 2018, and the bank’s lien business employees will become part of First American’s Mortgage Solutions division.

Lien Release. Leverage the superior technology, seasoned professionals and the proven resources of the CleanFile Solutions team at First American Mortgage Solutions to meet your lien release needs. We offer lien release generation, execution, recordation and tracking services.

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Will provide lien release services for bank. First American first announced the deal back in December, saying the transaction would be completed during the first quarter of this year. The major deal makes Bank of America’s lien release business and its employees part of First American’s mortgage solutions division. As part of the agreement,

First American Acquires Bank of America’s Lien Release Business. in Headlines, journal, News, Servicing February 4, 2018 577 Views


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"We’re excited to soon welcome the Bank of America lien release team to First American," said Dennis J. Gilmore, chief executive officer at First American Financial Corporation.