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Updated about 15 years ago on . Most recent reply

User Stats

206
Posts
44
Votes
Dave Grosse
  • Wholesaler
  • Belleville, IL
44
Votes |
206
Posts

Bank of New York Mellon

Dave Grosse
  • Wholesaler
  • Belleville, IL
Posted

does anyone know if they are a subsidiary of BOA? I have been skipping right over any NOD's with BOA/Countrywide listed as grantor. Spoke with a guy today where Bank of NY Mellon was listed on the filing but the number he gave me was for Bank of America and he said he thought that was who the lender was.

Thanks

Most Popular Reply

User Stats

90
Posts
39
Votes
Clifton Jones
  • Investor
  • Melbourne, FL
39
Votes |
90
Posts
Clifton Jones
  • Investor
  • Melbourne, FL
Replied

If BOA has been hired by Mellon to service the contract, then that would make sense. The homeowner would send the mortgage check to BOA, who would then send it to Mellon, minus BOA's service fee.

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