Bank of America is letting go of another third party vendor! I mean reassigning the short sales that this company is presently handling.
Although I have not personally worked with this third party vendor - I have worked with others from Bank of America's pool and I have to say they were not that great to work with! So to see this one getting the boot - I am sure this one is no different.
Hats off to Bank of America for keeping on top of these issues and putting a stop to the none sense by replacing them!
Reassignment of AMO Recovery Short Sales. Active short sales with Asset Management Outsourcing (AMO Recovery) are being reassigned to another Bank of America vendor.
Bank of America retains third-party vendors to assist agents and homeowners during a short sale. We are making this vendor change to improve the customer experience and expand the level of service.
What This Means to Agents
Current active short sales, with AMO, will move to another approved vendor. To prevent closing delays, current files in closing status will remain with AMO until July 6. If closing extends past July 6, the file will be transferred to another vendor.
Homeowners may receive communications and letters from the new vendor on behalf of Bank of America.