Wells Fargo mortgage head takes on new role

Wells Fargo Home Lending has named Kristy Fercho (pictured) its new head of diverse segments, representation, and inclusion (DSRI).

Fercho joined Wells Fargo two years ago as head of home lending. She will retain her previous role while the bank searches for her successor and later transition to her new position once her replacement is hired. Fercho will also join the company’s operating committee effective immediately and report to Wells Fargo CEO Charlie Scharf.

Launched in 2020, the DSRI function has coordinated Wells Fargo’s company-wide DE&I initiatives. Wells Fargo, which has been under scrutiny for its alleged discriminatory lending practices, said Fercho is well-positioned to lead this strategic unit “by integrating diversity, equity, and inclusion (DE&I) into every aspect of the company’s business and delivering marketplace and workplace outcomes.”