Wells Fargo mortgage chief Heid to step down, succeeded by Codel

Wells Fargo & Co., the biggest U.S. home lender, said mortgage chief Mike Heid is retiring after 28 years with the company.

Heid will be succeeded by Franklin Codel, currently head of mortgage production, on Oct. 1, the San Francisco-based bank said Wednesday in a statement.

Heid, who has helped lead the mortgage division for more than a decade, will remain with the company through the end of this year, Wells Fargo said. The company’s mortgage division is based in Des Moines, Iowa.

This story was originally published August 12, 2015 at 2:08 PM with the headline "Wells Fargo mortgage chief Heid to step down, succeeded by Codel."