Updated with JPMorgan declining comment.
NEW YORK ( TheStreet) -- A Countrywide executive mentioned in the U.S. lawsuit against Bank of America (BAC - Get Report) Wednesday for allegedly ignoring warnings about the firm's defective loan origination process is now a home lending executive at JPMorgan Chase (JPM - Get Report).
Rebecca Mairone was Chief Operating Officer at Countrywide's Full Spectrum Lending Unit, which implemented a new origination process called "Hustle" to fast track the underwriting and processing of loans to boost volume and revenue.
According to her LinkedIn profile, Mairone has been with JPMorgan since March 2012. Her title is listed as Home Lending Executive, Managing Director at JPMorgan Chase.Calls to Mairone's office at JPMorgan were directed to the bank's communications office. JPMorgan declined to comment. According to a complaint filed by the U.S. Department of Justice Wednesday, the "Hustle" origination process resulted in billions of dollars of defective loans. Internal quality control checks at Countrywide revealed that the origination process was creating highly defective loans that would not meet GSE standards, but Mairone and Greg Lumsden, President of the unit, allegedly ignored those findings. The U.S. Department of Justice
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