Branch Banking Assigned Servicer Rating

Fitch Ratings has assigned Branch Banking and Trust an RPS3-plus residential primary servicer rating for prime loans.Fitch said the rating is based on the company's "experienced and tenured management team, capable loan administration processes, and effective use of technology." Branch Banking and Trust is based in Winston-Salem, N.C., and its largest subsidiary is Branch Banking and Trust Co. BB&T's mortgage loan servicing center is located in Greenville, S.C.

For reprint and licensing requests for this article, click here.
Servicing
MORE FROM NATIONAL MORTGAGE NEWS