Norwest Mortgage Inc. has named Gregory Bowcott a senior vice president in charge of sales and marketing for its subprime lending unit, Directors Acceptance.

Mr. Bowcott will work out of Directors' Carlsbad, Calif., headquarters.

For the last two years Mr. Bowcott ran his own consulting firm, advising large subprime lenders and mortgage bankers. He has also worked for Indy Mac, Advanta Mortgage, Security Pacific, Gibraltar Money Center, and Citicorp.

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