Fitch Ratings has raised Bank of America Mortgage's residential mortgage servicing ratings.BofA's residential primary servicer rating has been upgraded to RPS1 from RPS1-minus for prime quality loans. Fitch also assigned BofA an RPS1-minus rating for servicing alternative-A loans. Bank of America Mortgage has integrated a Greensboro, N.C., consumer loan platform into its Buffalo, N.Y., and Louisville, Ky., servicing centers to promote cross-selling opportunities and increase its focus on customer service and retention, Fitch said. As of Aug. 31, the company serviced $274.4 billion of home loans for more than 2.5 million customers.
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