Wells Fargo Home Mortgage · Des Moines, IA United States
Company Description
View Wells Fargo Home Mortgage Locations On A US Map
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This link will open in a new window One of the largest home lenders in the US, Wells Fargo Home Mortgage originates and services one- to four-family residential first and junior-lien mortgages and home equity loans as part of the massive Wells Fargo banking family. Its originates some $400 billion worth of loans annually and its servicing portfolio weighs in at approximately $2 trillion. California is its largest market by far. The division also securitizes and sells home loans that it does not keep for its portfolio. Wells Fargo Home Mortgage issues and refinances mortgages at bank branches and online, as well as through joint ventures. To read the full description, subscribe now.
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Key Wells Fargo Home Mortgage Financials
| Company Type | Business Segment Headquarters |
| Fiscal Year-End | December |
| Employees | 4,000 |
Wells Fargo Home Mortgage Executives
11 executives listed for Wells Fargo Home Mortgage's Des Moines, IA location.
| Title | Name & Bio | Contact |
| Co-President, National Consumer Lending and Institutional Lending | Cara Heiden | Network |
| Co-President, Capital Markets, Finance, and Administration | Michael Heid | Network |
| SVP, Servicing Operations | Jerald Banwart | Network |
Competition
Competitive Landscape for Wells Fargo Home Mortgage
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Wells Fargo Home Mortgage Competitors
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