The bank has opened its first government lending fulfillment operations center in Florida in June 2006.
Bob Griffith, mortgage fulfillment executive at Bank of America, said: We will leverage the knowledge and skill of our Dallas-based wholesale associates to help the bank manage the strong growth in demand for our Federal Housing Administration (FHA) and Veterans Affairs (VA) loan products.
Allen Jones, government lending executive at Bank of America, added: Government loan programs provide many borrowers with benefits over other programs since the loans are insured by FHA or guaranteed by the VA.
With recent successful efforts to simplify the government loan process, we expect continued growth as more home buyers recognize the value and security of FHA and VA loans.
