Wells Fargo (WFC) appointed Michael DeVito as the new head of mortgage production, effective Oct. 1, 2015.
In his new role, DeVito will lead the retail and correspondent teams and report to Franklin Codel, head of Wells Fargo Home Mortgage. He will also oversee all production functions and his teams will be responsible for sales, operations, quality, compliance, underwriting and support.
“Michael DeVito is a strong leader who has seen first-hand the difference we make for our customers – through loan origination, servicing, and home preservation,” said Codel.
“He truly values the importance of homeownership and is extremely focused on serving the customer. He comes to his new role with a broad financial services background, a deep understanding of Wells Fargo, and a strong reputation for energizing teams,” he continued.
DeVito brings more than 26 years of experience in the financial services industry to the position, including the last 19 years at Wells Fargo.
He was most recently the head of Home Mortgage Servicing In his prior positions at Wells Fargo. He spent two years as head of Default Servicing, was head of Education Financial Services for nearly three years and also led Retail Fulfillment for Mortgage.
He was also a leader in Home Mortgage’s early e-business initiatives and managed Retail Home Equity for Norwest.