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November 30, 2007
Bank of America Expands Government Lending Fulfillment Operations
Bank of America plans to open a second fulfillment center for government loan processing due to the robust demand for its FHA and VA loan products. The bank says applications for government loan programs now account for about 18 percent of total volume in its retail sales channel, compared to the low single digits in 2006; and its production volume for FHA and VA loans is projected to reach nearly $2 billion this year, more than double the volume from last year.
Posted by S. Germain at November 30, 2007 09:04 AM