| A former Countrywide Financial Corp. executive has been tapped to oversee the production side of Bank of America Corp.’s mortgage business.
When BofA acquired Countrywide in July 2008, one of the executives that came with the deal was D. Steve Boland. Boland began his career in financial services in 1990 after obtaining his bachelors degree from Northwestern University in Chicago. His first job was actually with BofA, where he worked from 1990 until 1992, according to his LinkedIn profile. During the intervening period, Boland also worked for Citigroup Inc. and ITT Financial. From 2001 until 2006, he was president and chief executive officer of LandSafe Inc. At the point that Charlotte, N.C.-based BofA acquired Calabasas, Calif.-based Countrywide, Boland was a senior vice president and reverse mortgage executive.
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LinkedIn photo of D. Steve Boland
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He was promoted in 2012 to managing director, legacy asset servicing. In that position, he reached out to government officials around the country to discuss how the company was reacting to the housing crisis, BofA spokesman Terry Francisco explained in a telephone interview.
Last month, Boland was promoted to executive, home loans originations. In that newly created job, he oversees sales and fulfillment.
Francisco said Boland oversees around 10,000 Bank of America Home Loans sales and fulfillment employees.
“He’s certainly a seasoned executive,” Francisco said. “He understands the mortgage industry. He’s shown, certainly, a lot of progress in other positions he’s been in.”
