One of the nation's biggest banks has a new chief overseeing its mortgage-banking activities.
Bank of America announced last week a new president for its consumer real estate division -- Floyd Robinson. The executive was promoted from his position of president of dealer financial services, which oversees auto, recreational and marine lending.
"Floyd is an exceptional leader who will be depended on to help us continually position mortgage and home equity as primary drivers of growth and a basis for deep consumer relationships," said Liam McGee, president of consumer and small business banking at the Charlotte, N.C.-based company, in a written statement.
"This organizational change leverages two of Bank of America's strongest leaders in two of the most important areas for our company," he added.
Robinson reportedly succeeded Kevin Shannon, who was promoted to head BoAs central credit management and portfolio analysis. This position was previously filled by Susan Faulkner, who assumed a newly created executive role in consumer sales & service execution.
The new president will be responsible for quarterly mortgage originations of $28.5 billion, which BoA reported funding in the second quarter.