Just got a letter from BofA Home Loans that as of Oct 1st, my loan will be serviced by Seterus Inc. out of OR.
From the information I am finding online, they seem to be more of a collections type company.
Would this be because my loan was modified in-house? I'm currently at the 2% interest step-rate, does the transfer of the loan retain all the parameters of the BofA modification?
So far, no communication from Seterus even though I am supposed to make my October 1st mortgage payment to them.
Interested to see if anyone got transferred to them also.