Matt Vernon, a 15-year veteran of the financial industry, has been named short sale and REO executive for Bank of America Home Loans, moving to the loan servicing division from his role leading origination and cross-selling efforts.

Mr. Vernon plans to develop and implement initiatives to manage and streamline the bank's efforts to use short sales and other property liquidation tools to prevent foreclosures and oversee the management and marketing of properties in the bank's real estate owned portfolio.

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