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In recent history time has shown HSBC to be in the process of consolidating its mortgage divisions. A recent letter sent out to our customers who have a mortgage that is being serviced by HSBC Mortgage Corporation division, in possibly yet another decline in their company standings, as many of the other HSBC divisions before it, their servicing portfolio is being consolidated again and this time into the parent company HSBC Bank USA, NA. Others such as HSBC Residential went the way of the dumpster and it’s likely the same will happen with this current entity.

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HSBC Mortgage transfer letter to HSBC Bank

HSBC transfers to HSBC