BankAmerica Mortgage Names Mark Ulmer Midwest Region Manager.CHICAGO and MINNEAPOLIS/ST. PAUL--(BUSINESS WIRE)--April 15, 1997--BankAmerica Mortgage, one of the nation's largest mortgage lenders, today announced that Mark Ulmer will join the company as Midwest Region Manager. Ulmer formerly was Executive Vice President and Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive with The Home Mortgage Network -- a Vernon Hills, Illinois-based venture between PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Mortgage Corp. of America and HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. Inc. which provides mortgage origination services to Coldwell Banker customers at point of sale. Ulmer will manage all of BankAmerica Mortgage's retail lending operations throughout the Midwest region, overseeing business in Illinois, Indiana, Minnesota and North Dakota, including the company's extensive mortgage lending operations in the Chicago and Minneapolis/St. Paul metropolitan areas. Ulmer, who joins BankAmerica Mortgage in late May, will be based in Chicago. "We're delighted to have Mark Ulmer joining the BankAmerica Mortgage team, and we believe that his technology, finance and management skills will make him a valuable part or our rapidly growing company," said Arthur D. Ringwald, group executive vice president of BankAmerica Mortgage. "Mark will be managing our extensive and growing retail mortgage origination business throughout Chicago, the Twin Cities and other key Midwest markets." Ulmer replaces Becky Walker, who left the company to take a position with AmerUs Mortgage. Ulmer, 40, will report to Ringwald, who heads BankAmerica Mortgage and is based at the company's San Francisco headquarters. Prior to joining The Home Mortgage Network in 1995, Ulmer held several senior management positions with PNC Mortgage Corp. of America in Vernon Hills, Illinois Vernon Hills is a village in Lake County, Illinois, United States. The population was 20,120 at the 2000 census, and estimated to be 23,957 as of 2005. Vernon Hills serves as a retail hub for its surrounding area (Libertyville, Lake Forest, Mundelein, Lincolnshire). -- a subsidiary of PNC Bank Corp. Previously, he spent eight years in a variety of senior positions with California Federal Bank California Federal Bank, often abbreviated to "Cal Fed", was a savings and loan bank in California. It existed from 1926 until 2002, when its parent company Golden State Bancorp was acquired by Citigroup, resulting in the bank being merged into Citibank. in Los Angeles, where he was Executive Vice President of Residential Lending when he left in 1992. Ulmer also held several positions during the early 1980s with Pacific Federal Savings and Loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. and Secure Savings and Loan -- two other Southern California-based financial institutions. Ulmer earned his B.A. in business/marketing at California State University, San Bernardino California State University, San Bernardino is a state-funded university in San Bernardino, California, part of the California State University System. The university was founded in 1965. Enrollment annually tops 16,000 and is on pace to reach more than 20,000 by 2010. in 1979, and his M.B.A. from the same university in 1987. San Francisco-based BankAmerica Corporation, the nation's third largest bank holding company, originates home loans through more than 2,000 branch offices of its retail banking network in 11 states and through its site on the World Wide Web located at http://www.bankamerica.com . BankAmerica Mortgage, an operating group of BankAmerica Corporation, also originates home loans through retail lending centers in 21 states, as well as wholesale lending and telemarketing operations which serve all 50 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Additional specialized loan origination units serve the realty, builder, corporate relocation, and affinity relationship markets throughout the United States. With $15.77 billion in home loan originations during 1996, BankAmerica Corporation is one of the largest mortgage originators in the United States. As of Dec. 31, 1996, BankAmerica also had a mortgage servicing Mortgage servicing The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. portfolio of $82.63 billion. CONTACT: Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , San Francisco Jeff Hershberger, 415/622-0870 or BankAmerica Mortgage, Minneapolis Meredith Clark, 612/893-5349 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion