Pope previously served as chief operating officer for Mortgage and Retail
Credit
CHARLOTTE, N.C., Jan. 24 /PRNewswire-FirstCall/ -- Wachovia Corporation
announced today that David Pope has been named president of Wachovia
Mortgage and Retail Credit. In his new role, Pope will be responsible for
leading the daily sales, fulfillment, retention, service and operational
aspects of the mortgage and retail credit businesses.
"David has done an exceptional job in his role as chief operating
officer for the Mortgage and Retail Credit Group over the past seven
months," said Ben Jenkins, head of the general banking group for Wachovia
Bank. "He has been instrumental in continuing to integrate World Savings
and Wachovia Mortgage into one unified organization."
Pope has served in a variety of roles over the course of a 20-year
career with Wachovia. Prior to his most recent role, Pope was head of
Wachovia's Business Banking group for three years. He has also held roles
as co-head of the Retail Bank, region executive for Metro Washington, D.C.,
and retail executive for Virginia.
"I am excited for the opportunity to lead the mortgage and retail
credit business for a company with the reputation of Wachovia," said David
Pope. "Our mortgage and retail credit business is very well positioned for
the future, and we will continue to offer our customers the best mortgage
products in the industry, along with award winning service."
Wachovia Mortgage Corporation is a nationwide lender that offers a full
array of mortgage and home equity products and services for home purchase
and refinance. The company addresses the unique lending needs of customers
in various stages of their lives through a variety of origination channels.
Wachovia retail sales forces are located in Wachovia mortgage offices and
financial centers in 39 states and Washington, D.C. Third-party mortgage
brokers offer Wachovia mortgage products throughout the United States. In
addition, Wachovia Mortgage's Direct Lending group offers mortgage products
and services through telephone, direct mail and the internet. In 2007,
Wachovia was ranked No. 1 in overall customer satisfaction in J.D. Power
and Associates' Mortgage Loan Origination and Home Equity Line/Loan
Origination Studies.
About Wachovia Corporation
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $782.9 billion and
market capitalization of $75.3 billion at December 31, 2007. Wachovia
provides a broad range of retail banking and brokerage, asset and wealth
management, and corporate and investment banking products and services to
customers through 3,400 retail financial centers in 21 states from
Connecticut to Florida and west to Texas and California, and nationwide
retail brokerage, mortgage lending and auto finance businesses. Globally,
clients are served in selected corporate and institutional sectors and
through more than 40 international offices. Our retail brokerage operations
under the Wachovia Securities brand name manage more than $1.2 trillion in
client assets through 17,900 registered representatives in 1,500 offices
nationwide. Online banking is available at wachovia.com; online brokerage
products and services at wachoviasec.com; and investment products and
services at evergreeninvestments.com.
SOURCE Wachovia Corporation
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Related links:
http://www.wachovia.com
CONTACT:
Don Vecchiarello of Wachovia Corporation,
+1-704-383-2395
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