Merrill Lynch Credit Corporation · Jacksonville, FL United States
Company Description
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This link will open in a new window Merrill Lynch Credit Corporation is the home financing arm of US investment bank Merrill Lynch . A subsidiary of federal savings bank Merrill Lynch Bank & Trust, it offers a variety of residential mortgages, home equity loans, and construction-to-permanent financing for homebuyers and homeowners throughout the US. It also offers services to companies looking to attract and retain employees by offering corporate-sponsored relocations and retention programs. Done in by the global credit crisis and losses related to subprime mortgage assets, Merrill Lynch was taken over by Bank of America in a $50 billion deal in early 2009. To read the full description, subscribe now.
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Key Merrill Lynch Credit Corporation Financials
| Company Type | Subsidiary Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $373.6 |
| Employees | 100 |
Merrill Lynch Credit Corporation Executives
1 executives listed for Merrill Lynch Credit Corporation's Jacksonville, FL location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Lawrence Washington | Network |
Competition
Competitive Landscape for Merrill Lynch Credit Corporation
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Merrill Lynch Credit Corporation Competitors
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