Norwest Mortgage Inc. has signaled its intention to continue its aggressive expansion by hiring an industry superstar, Mark L. Korell, as its No. 2 executive.
As president of the company's newly formed lender and investor services group, Mr. Korell will have authority over all of Norwest's mortgage- related activities except its retail operations, which are already the nation's largest. The retail side will be overseen by Mark C. Oman, president and chief executive of Norwest Mortgage. Mr. Korell will report to Mr. Oman.