Wells Fargo cements DeVito’s role as head of home lending

DES MOINES, Iowa – Wells Fargo & Company (NYSE: WFC) announced today that Perry Hilzendeger, currently head of Home Lending Default, will become the new head of Home Lending Servicing, effective immediately.

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The former banker cited BofA’s approach to its $292m losses on the doomed loan to the South African home retailer Steinhoff as an example. BofA’s revenues,” said Mike Mayo, analyst at Wells Fargo..

Wells fargo names michael DeVito Head of Home Lending. DeVito will report to Mary Mack, head of Community Banking and Consumer Lending. DeVito’s appointment follows Mack’s appointment to lead Wells Fargo’s Consumer Lending business in addition to Community Banking, which was announced in December 2017.

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Home Lending . Products are not available in all states. Wells Fargo Advisors is licensed by the Department of Business Oversight under the california residential mortgage Lending Act and the Arizona Department of Financial Institutions (NMLS ID 0906158). Wells Fargo Clearing Services, LLC, holds a residential mortgage broker license in Georgia.

Wells Fargo 2017 Investor Day Consumer Lending 14 Home Lending overview Broad Retail Distribution to Serve Customers: 8,000 Home Mortgage Consultants in local markets and in our centralized call centers Over 450 stand-alone mortgage locations plus co-locations with Community Bank and Wealth/Advisors $134B in volume in 2016

It was formerly known as Norwest Mortgage, Inc. and changed its name to Wells Fargo Home Mortgage, Inc. in April 2000. The company was founded in 1905 and is based in Des Moines, Iowa. 1 Home Campus

Michael DeVito, who was named Wells Fargo’s interim head of home lending after the bank fired consumer lending head Franklin Codel, is now officially leading the residential mortgage unit.

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Chief executive Onur Genç has been upgraded to head the day-to-day running of the business and. In the US, banks that have got into trouble – most recently Wells Fargo with its fake accounts.

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