Countrywide Names EVP of Wholesale

Eric Spence has been named executive vice president of the wholesale lending division at Countrywide Home Loans, Calabasas, Calif.In this position, he will be responsible for managing production and growth of the company's western division of its wholesale branch system. Most recently, Mr. Spence was executive vice president of home loan production for Washington Mutual, Seattle. There he was responsible for the company's wholesale, retail, and correspondent lending channels as well as its Long Beach Mortgage subprime unit. Prior to that, he was senior vice president of wholesale lending at WaMu and at Stockton, Calif.-based American Savings Bank, which WaMu acquired. Mr. Spence has experience in managing wholesale units with broad product lines, including originating conforming and jumbo adjustable-rate mortgages.