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

Wells Fargo Mortgage Loan Originators Although that is likely a bleak outlook for some, giant banks like Wells Fargo “remain supportive of the wholesale channel”-at least for now. TBW is the third largest endorsement lender of FHA-insured.

Wells Fargo names Michael DeVito head of home lending. Wells Fargo & Company announced that Michael DeVito has been named head of Wells Fargo Home Lending, a role he has held on an interim basis since November 2017. DeVito will report to Mary Mack, head of Community Banking and Consumer Lending.

Removes "interim" tag from DeVito, who took over after Franklin Codel was fired. DeVito was also given the title of interim head of home lending after Codel’s departure. Back in December, the bank handed the head of consumer lending title to Mary Mack, who also leads Wells Fargo’s community banking efforts.

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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

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