Mayors Business Council


Wells Fargo

Summary:
Who We Are:
At Wells Fargo, we want to satisfy all of our customers' financial needs and help them succeed financially. Wells Fargo is the nation’s leading residential mortgage lender, in 2012funding one of every four mortgage loans in the United States and servicing one of every six mortgage loans in the United States. A division of Wells Fargo Bank, N.A., Wells Fargo Home Mortgage operates the country’s largest mortgage network through more than 2,500 mortgage and Wells Fargo banking stores, and on the Internet.

Since 2009, helped nearly 9 million homeowners with new low-rate loans to either purchase a home or refinance an existing mortgage:

More information about Wells Fargo
Wells Fargo is the nation’s leading residential mortgage lender with a volume of $306 billion in new originations and a 19.3 percent market share year to date based on third quarter 2013 data compiled by Inside Mortgage Finance.(11/1/13)

Wells Fargo is the nation’s largest mortgage loan servicer with a loan servicing portfolio valued at $1.8 trillion based on third quarter 2013 data compiled by Inside Mortgage Finance. (11//8/13)

Wells Fargo Home Mortgage is the nation's No. 1 originator of renovation financing based on the fourth quarter of fiscal year 2013 HUD Endorsed report. Wells Fargo Home Mortgage had 4,968 endorsements for a total market share of 24.5 percent. Wells Fargo Home Mortgage was the number one provider of funding for newly constructed homes through June 2013 according to statistics compiled by Marketrac®.

Wells Fargo is committed to providing sustainable homeownership opportunities for low- to moderate- income people by providing volunteer and financial resources to local and national nonprofit housing organizations. Since its inception in 1993, the Wells Fargo Housing Foundation has stewarded nearly $284 million dollars and 4.7 million team member volunteer hours in support of creating affordable housing and community revitalization programs. Wells Fargo Housing Foundation’s Team Member Volunteer Program has mobilized more than 184,000 volunteers to build or refurbish more than 5,000 homes in low-to-moderate income communities. In 2012, Wells Fargo launched LIFT programs, a $180 million effort, to bring down payment assistance and homebuyer education in communities deeply affected by the housing crisis. In collaboration, with NeighborWorks America and participating cities, Wells Fargo LIFT programs have helped to create more than 5,000 new homeowners.

Wells Fargo’s Leading the Way Home® initiative helps communities understand and act on efforts to stabilize their current housing situation while advancing homeownership to build a strong community for the future. This program was borne out of an awareness that community and government leaders look to Wells Fargo for information, insight and solutions to some of the housing issues communities face in today’s economy including foreclosures.

Financial Literacy is Important. Wells Fargo is a leader in educating consumers about money management, and provides free tools and advice to make it easy and routine.

We offer programs both at Wells Fargo and through relationships with local organizations and credit counselors–that help our customers better understand credit management, their credit reports and the importance of maintaining good credit. The Hands on Banking®/El futuro en tus manos® program is a free, comprehensive curriculum that teaches children and adults the money management skills they need. It is commercial-free and available through the Internet, CD-ROMs and accompanying teaching guides. Topics include the basics of banking, budgeting, investing, maintaining checking and savings accounts, purchasing a home, and starting a small business.

Special Interests:
City Livability, Community Development, Credit/Debt Rating, Debt Collection, Debt Management, Downtown Development, Economic Development, Elderly, Financial Management, Housing, Insurance, Minority Issues, Municipal Bond Counsel, Neighborhood Redevelopment, Public Financing, Real Estate, Risk Management, Small Business Development, Tax Legislation

return to index

© 2013 The United States Conference of Mayors
1620 I Street, Northwest - Washington, DC 20006
p. (202) 293-7330
f. (202) 293-2352
e. info@usmayors.org