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Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.


BoA Hiring 1,000

Mortgage unit to be branded Bank of America Home Loans

February 19, 2009

By MortgageDaily.com staff


Bank of America Corp. is hiring originators and loan processors as it retires the Countrywide brand.

On April 27, BoA plans to re-brand its legacy mortgage operation and the Countrywide Home Loans business as Bank of America Home Loans, a spokesman told MortgageDaily.com in a statement today.

Barbara Desoer, president of the combined mortgage unit, advised employees of the Calabasas, Calif.-based lender about the new brand name yesterday.

BoA Chairman and Chief Executive Officer Ken Lewis disclosed the intent to abandon the Countrywide brand shortly after the two companies originally unveiled their merger plans in January 2008, according to the spokesman.

He also said BoA is adding production employees.

"To help meet and capture share of the current demand for mortgages, Bank of America is taking several measures, including the hiring of about 1,000 associates in mortgage origination and processing across the country," the statement said. "This includes adding to our centralized retail sales capacity in Ballentyne [and] hiring 300 associates to support our phone channel."

He added that more than half of the jobs will be filled from within the BoA organization, though there will be some outside hiring.

The hirings contrasts the 7,500 layoffs BoA is currently executing as part of its merger strategy with Countrywide.



Bank of America / Countrywide
Employment Activity
Date Reported
Unit
Location
# Hires/(Layoffs)
Feb. 10, 2009 BoA Simi Valley, Calif. 50
Jan. 16, 2009 BoA Pennsylvania 109
Aug. 15, 2008 both Rolling Meadows, Ill. (78)
June 26, 2008 both
national
(7,500)
May 7, 2008 Countrywide Calabasas, Calif. (48)
Feb. 27, 2008 Countrywide Canoga Park, Calif. (73)
Nov. 28, 2007 BoA Dallas +150
Nov. 28, 2007 BoA Florence, S.C. (105)
Oct. 25, 2007 BoA national (700)
Sept. 7, 2007 Countrywide national (12,000)
Sept. 6, 2007 Countrywide national (900)
Aug. 21, 2007 Countrywide national (400)
Aug. 17, 2007 Countrywide Jericho, N.Y., and Denver (110)
Aug. 17, 2007 Countrywide national +200
summer 2007 BoA Phoenix (200)
summer 2007 BoA Ohio and Delaware (400)
May 16, 2007 Countrywide national +2,000
May 14, 2007 Countrywide West Hills, Calif. (59)
May 14, 2007 Countrywide Anaheim, Calif. (59)
March 14, 2007 Countrywide national (108)
Oct. 25, 2006 Countrywide
national
(2,500)
Sept. 22, 2006 Countrywide national unknown layoffs
Aug. 23, 2006 Countrywide Chandler, Ariz. +2,000
July 21, 2006 BoA Phoenix (200)
April 12, 2006 BoA Newark, Del., and Beachwood, Ohio (362)
Feb. 2, 2006 Countrywide Fort Worth, Texas +1,500
Dec. 2, 2005 Countrywide Westlake Village, Calif., and Sunrise, Fla. (300)
Oct. 20, 2005 Countrywide Plano, Texas +1,500
Aug. 19, 2005 Countrywide California (65)
July 12, 2005 Countrywide Chandler, Ariz. +3,000
Feb. 14, 2005 BoA Louisville, Ky., and Charlotte, N.C. (155)
Dec. 21, 2004 BoA Louisville, Ky. -200
Dec. 15, 2004 Countrywide Texas +7,500
Nov. 16, 2004 BoA Wichita, Kan. (230)
July 30, 2004 Countrywide national +1,000
June 6, 2004 BoA national (500)
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.



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