Barbara J. Desoer
Encyclopedia
Barbara J. Desoer is president of Bank of America Home Loans, a leading U.S. mortgage originator and servicer. She was a member of the senior management team of Bank of America Corporation, having previously reporting to CEO Brian Moynihan
.
Desoer leads a business accounting for about 20 percent of the U.S. mortgage origination market, with a $2 trillion servicing portfolio serving nearly 14 million customers—nearly one in five mortgages in the U.S. She also manages Bank of America's home equity business and oversees a leading insurance service organization.
Desoer assumed her current role in mid-2008 when she was asked to lead the integration of Countrywide Financial Corporation, which Bank of America acquired July 1, 2008. She led the April 2009 launch of the Bank of America Home Loans brand.
Prior to her current role, Desoer served as chief technology and operations officer, managing the bank's global technology platforms and operations capabilities. She joined Bank of America in 1977 and has held leadership rols in commercial lending, consumer products, retail banking and marketing.
In 2008, Desoer was recognized by US Banker, ranking second in their annual ranking of "25 Most Powerful Women in Banking." She was also recognized by Fortune magazine as one of the "50 Most Powerful Women in Business" and ranked third on The Wall Street Journal
's "50 women to watch" list. In 2007, she was named "Business Leader of the Year" by the Haas School of Business at the University of California at Berkeley. In 2009, Forbes
named her one of the 100 most powerful women in the world.
She received her B.A. in mathematics from Mount Holyoke College
in 1974 and her MBA from the University of California, Berkeley
.
Brian Moynihan
Brian Thomas Moynihan is an American lawyer, businessman and the President and CEO of Bank of America. He also joined the Board of Directors, following his promotion to President and CEO. He resides with his family outside of Boston, Massachusetts.-Early life:Moynihan was born in Marietta, Ohio...
.
Desoer leads a business accounting for about 20 percent of the U.S. mortgage origination market, with a $2 trillion servicing portfolio serving nearly 14 million customers—nearly one in five mortgages in the U.S. She also manages Bank of America's home equity business and oversees a leading insurance service organization.
Desoer assumed her current role in mid-2008 when she was asked to lead the integration of Countrywide Financial Corporation, which Bank of America acquired July 1, 2008. She led the April 2009 launch of the Bank of America Home Loans brand.
Prior to her current role, Desoer served as chief technology and operations officer, managing the bank's global technology platforms and operations capabilities. She joined Bank of America in 1977 and has held leadership rols in commercial lending, consumer products, retail banking and marketing.
In 2008, Desoer was recognized by US Banker, ranking second in their annual ranking of "25 Most Powerful Women in Banking." She was also recognized by Fortune magazine as one of the "50 Most Powerful Women in Business" and ranked third on The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
's "50 women to watch" list. In 2007, she was named "Business Leader of the Year" by the Haas School of Business at the University of California at Berkeley. In 2009, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
named her one of the 100 most powerful women in the world.
She received her B.A. in mathematics from Mount Holyoke College
Mount Holyoke College
Mount Holyoke College is a liberal arts college for women in South Hadley, Massachusetts. It was the first member of the Seven Sisters colleges, and served as a model for some of the others...
in 1974 and her MBA from the University of California, Berkeley
University of California, Berkeley
The University of California, Berkeley , is a teaching and research university established in 1868 and located in Berkeley, California, USA...
.