After a year of steering Resource Bancshares Mortgage Group through choppy waters, chief executive officer Douglas K. Freeman said the company is on course for a turnaround this year.

When Mr. Freeman, former president of Bank of America Corp.’s consumer finance group, joined Resource in January 2000, the Columbia, S.C., mortgage company was caught in a rapidly changing market. It had lost $8.6 million in the two preceding quarters and continued to bleed cash during his first year at the helm, when it lost $42 million.

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