More than two months after firing its mortgage chief, Wells Fargo & Co. has named a permanent replacement from within the organization.

In November, Franklin Codel was fired as head of the San Francisco-based bank-holding company’s mortgage business.

Codel, who had been in the job since August 2015, was reportedly dismissed because of disparaging comments made to a former employee about the regulatory system and golden parachute payments.


Source: Mortgage Daily