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Wells Fargo Profile
Last Updated October 12, 2018 1:17 PM Central



Company Name:

Wells Fargo Home Mortgage


Parent:

Wells Fargo & Co.


Stock Symbol:



WFC

Related Companies:


Eastdil Secured LLC

Wachovia Corp.


Wells Fargo Home Lending

World Savings


Headquarters Address:

Wells Fargo Home Mortgage:
405 SW 5th St.
Des Moines, Iowa 50309

Wells Fargo & Co.:
420 Montgomery Street
San Francisco, California 94163


Number of Employees



Wells Fargo & Co.:

261,700 as of Sept. 30, 2018

262,700 as of Dec. 31, 2017

269,100 as of Dec. 31, 2016

264,700 as of Dec. 31, 2015

264,500 as of Dec. 31, 2014

264,900 as of Dec. 31, 2013

269,200 as of Dec. 31, 2012


264,200 as of Dec. 31, 2011

272,200 as of Dec. 31, 2010

267,300
as of Dec. 31, 2009

Home Lending Operation Employees:


45,000 as of Aug. 12, 2015


Mortgage Production Employees:


20,000 as of Sept. 3, 2015


Mortgage Servicing Employees:


17,000 as of Nov. 24, 2015


Mortgage Fulfillment Employees: 50,000 as of Jan. 16, 2014

17,000 as of Jun. 30, 2013

18,000 as of Dec. 31, 2012

12,000 as of Dec. 31, 2011

13,000 as of Dec. 31, 2010


Mortgage Operations: Servicing Operations:
16,500 as of March 12, 2010

Home Equity Group's servicing operation:
1,993 as of April 30

Home Mortgage Consultants:
7,500 as of Aug. 12, 2015
10,400 as of March 31, 2010


Number of Branches:



Total Locations: 7,950 as of Sept. 30, 2018

8,300 as of Dec. 31, 2017

8,600 as of June 30, 2016

8,700 as of Dec. 31, 2015

Mortgage Locations: 6,000 as of Aug. 12, 2015


Third-Party Customers:


8,000 approved brokers as of March 31, 2010

850 approved correspondents as of March 31, 2010


Web site:

Wells Fargo Home Mortgage:
www.Wellsfargo.com/mortgage/

Wells Fargo & Co.:
www.WellsFargo.com

Wholesale Lending
https://ilnet.wellsfargo.com/ildocs/whole/body.jsp

Wells Fargo Careers
www.wellsfargo.com/careers/



Executives



Chairman of the Board (Wells Fargo & Co.):


Elizabeth A. "Betsy" Duke

President (Wells Fargo & Co.): Timothy Sloan

CEO (Wells Fargo & Co.):

Timothy Sloan

Senior EVP and Head of Consumer Lending:


Mary Mack

Head of Wells Fargo Home Lending:


Michael DeVito

Head of Home Lending Retail:


Perry Hilzendeger

Chief Compliance Officer:


Mike Roemer

Senior EVP, CIO (Wells Fargo & Co.):


Kevin Rhein

SVP (Wells Fargo Ventures):

Jim Stavenger

EVP, Wholesale Lending Business (Wells Fargo Home Mortgage):


Kathleen Vaughan

Head of Wells Fargo Home Lending:


Michael DeVito

Head of Retail Sales Organization (Wells Fargo Home Lending):


Liz Bryant

Head of Home Lending Retail (Wells Fargo Home Lending):


Perry Hilzendeger

Head of Home Lending Servicing (Wells Fargo Home Lending):


Jeff Smith

Head of RMBS (Wells Fargo Securities):

Mike Buttner

Head of Residential Mortgage Trading (Wells Fargo Securities):


Doug Lucas

Head of Residential Mortgage Finance Structuring & Lending (Wells Fargo Securities):


Dash Robinson


Residential Production:

$139 billion 2018 through Sept. 30

$212 billion 2017

$249 billion 2016

$213 billion 2015

$175 billion 2014

$351 billion 2013

$524 billion 2012


$357 billion 2011

$386.5 billion 2010

$420 billion 2009

$230 billion 2008

$272 billion 2007

$398 billion 2006

$366 billion 2005

$298 billion 2004

$470 billion 2003

FHA Production:

$73 billion 2012 through June 30

$47 billion 2011

Commercial Mortgage Originations:

6,928 loans for $65.394 billion 2016

8,572 loans for $50.278 billion 2014

10,257 loans for $50.128 billion 2013

8,646 loans for $63.806 billion 2012

7,767 loans for $60.213 billion 2011


$38 billion 2010 through Sept. 30


Mortgage Holdings


Residential:


Total Managed Servicing Portfolio (excluding subservicing):

$1.521 trillion as of Sept. 30, 2018

$1.551 trillion as of Dec. 31, 2017

$1.552 trillion as of Dec. 31, 2016

$1.645 trillion as of Dec. 31, 2015

$1.747 trillion as of Dec. 31, 2014

$1.823 trillion as of Dec. 31, 2013

$1.866 trillion as of Dec. 31, 2012


$1.814 trillion as of Dec. 31, 2011

Third-Party Servicing Portfolio:

$1.184 trillion as of Sept. 30, 2018

$1.209 trillion as of Dec. 31, 2017

$1.205 trillion as of Dec. 31, 2016

$1.300 trillion as of Dec. 31, 2015

$1.405 trillion as of Dec. 31, 2014

$1.485 trillion as of Dec. 31, 2013

$1.498 trillion as of Dec. 31, 2012


$1.456 trillion as of Dec. 31, 2011

$1.429 trillion as of Dec. 31, 2010


$1.419 trillion as of Dec. 31, 2009

Master Servicing Portfolio:

2,308,019 loans for $530.7 billion from 884 primary servicers as of Dec. 31, 2009

Residential 1st Mortgages Held for Investment:

$284.273 billion as of Sept. 30, 2018

$284.054 billion as of Dec. 31, 2017

$275.579 billion as of Dec. 31, 2016

$273.869 billion as of Dec. 31, 2015

$265.386 billion as of Dec. 31, 2014

$258.497 billion as of Dec. 31, 2013

$249.900 billion as of Dec. 31, 2012


$228.9 billion as of Dec. 31, 2011

$230.2 billion as of Dec. 31, 2010

$229.5 billion as of Dec. 31, 2009

Junior Lien Portfolio:

$35.330 billion as of Sept. 30, 2018

$39.713 billion as of Dec. 31, 2017

$46.237 billion as of Dec. 31, 2016

$53.004 billion as of Dec. 31, 2015

$59.717 billion as of Dec. 31, 2014

$65.914 billion as of Dec. 31, 2013

$75.465 as of Dec. 31, 2012


Home-Equity Portfolio (includes junior liens & HELOCs; core & liquidating):

$88.896 billion as of Jun. 30, 2013

$95.074 billion as of Dec. 31, 2012


$100.9 billion as of Dec. 31, 2011 (excludes liquidating portfolio)

$110.6 billion as of Dec. 31, 2010 (excludes liquidating portfolio)

$123.8 billion as of Dec. 31, 2009 (excludes liquidating portfolio)

Commercial:

Total Managed Commercial Mortgage Servicing Portfolio:

$650 billion as of Sept. 30, 2018

$622 billion as of Dec. 31, 2017

$611 billion as of Dec. 31, 2016

$505.190 billion as of Dec. 31, 2016 (as reported by MBA)

$600 billion as of Dec. 31, 2015

$501.539 billion as of Dec. 31, 2015 (as reported by MBA)

$568 billion as of Dec. 31, 2014

$533 billion as of Dec. 31, 2013

$527 billion as of Dec. 31, 2012

$518 billion as of Dec. 31, 2011

$437.7 billion as of Dec. 31, 2011

$520 billion as of Dec. 31, 2010

$451.1 billion as of Dec. 31, 2010 (as reported by MBA)

$569 billion as of Dec. 31, 2009

Total Commercial Mortgages Serviced for Investors:

$529 billion as of Sept. 30, 2018

$495 billion
as of Dec. 31, 2017

$479 billion as of Dec. 31, 2016

$478 billion as of Dec. 31, 2015

$456 billion as of Dec. 31, 2014

$419 billion as of Dec. 31, 2013

$408 billion as of Dec. 31, 2012


$398 billion as of Dec. 31, 2011

Commercial Real Estate Loans:

$284.273 billion as of Sept. 30, 2018

$150.878 billion as of Dec. 31, 2017

$156.407 billion as of Dec. 31, 2016

$144.324 billion as of Dec. 31, 2015

$130.724 billion as of Dec. 31, 2014

$107.100 billion as of Dec. 31, 2013

$123.244 billion as of Dec. 31, 2012


$125.4 billion as of Dec. 31, 2011

$124.7 billion as of Dec. 31, 2010


$134.5 billion as of Dec. 31, 2009


Delinquency


Residential Delinquency Including Foreclosures:

5.80% as of Sept. 30, 2014

6.40% as of Dec. 31, 2013

7.14% as of June 30, 2012


7.96% as of Dec. 31, 2011

8.02% as of Dec. 31, 2010


Junior Lien 60-day Delinquency:

2.50% as of Sept. 30, 2014

HEL 60-Day Delinquency

3.10% as of Jun. 30, 2013

3.93% as of June 30, 2012


4.73% as of Dec. 31, 2011


Government Data on Wells Fargo


FDIC Financial Statements (Wells Fargo Bank, National Association):

Wells Fargo Bank FDIC profile

SEC Filings (Wells Fargo & Co.):

Wells Fargo & Co. SEC Filings



Wells Fargo Headlines


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