Mark Korell, one of the mortgage industry's luminaries, has resigned from his post as president and chief executive officer of software maker Industrywide Mortgage Exchange after little more than a year.

Mr. Korell is a former chief executive of Norwest Mortgage, Des Moines, the nation's leading mortgage lender. He left Norwest in May 1997 and joined IMX in July, after entertaining an offer for the CEO post at Fleet Mortgage.

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