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

Mike Heid of <span id="wells-fargo-home">wells fargo home</span> Mortgage ‘ class=’alignleft’>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</p>
<p>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.</p>
<p>Wells Fargo cements DeVito’s role as head of home lending Michael DeVito, who was named Wells Fargo’s interim head of home lending after the bank <span id="fired-consumer-lending-head">fired consumer lending head</span> Franklin Codel, is now officially leading the residential mortgage unit. Career moves Bonnie Sinnock January 30, 2018.</p>
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Wells Fargo cements DeVito’s role as head of home lending 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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Wells Fargo, the multifamily industry’s largest lender, has rejuvenated its floating-rate bridge loan program for multifamily properties. The news comes fresh on the heels of a similar move from Prudential Mortgage Capital Co., as more institutional lenders see greater demand for, and grow more comfortable with, debt for transitional assets.

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Welcome to Wells Fargo Home mortgage institutional lending. Wells Fargo Home Mortgage Institutional Lending Group (IL), is a division of Wells Fargo Home Mortgage, Inc., accounting for nearly half of the mortgage company’s business. The IL group consists of three different Business lines: correspondent (funding) and Institutional Conduit Sales (ICS).

For unions, these efforts to expand training may help stem the tide of declining membership by strengthening member engagement, making it clearer to union members that their membership offers critical.

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The typical Wells Fargo Lending Manager salary is $77,811. Lending Manager salaries at Wells Fargo can range from $68,314 – $96,313. This estimate is based upon 25 Wells Fargo Lending Manager salary report(s) provided by employees or estimated based upon statistical methods.