October 21, 2017 11:43 PM ET

Thrifts and Mortgage Finance

Company Overview of Wells Fargo Home Mortgage, Inc.

Company Overview

Wells Fargo Home Mortgage, Inc. offers mortgage lending services. It was formerly known as Norwest Mortgage, Inc. and changed its name to Wells Fargo Home Mortgage, Inc. in April 2000. The company was founded in 1905 and is based in Des Moines, Iowa. Wells Fargo Home Mortgage, Inc. operates as a subsidiary of Wells Fargo Bank, National Association.

1 Home Campus

Des Moines, IA 50328-0001

United States

Founded in 1905

Phone:

800-853-8516

Fax:

541-382-8169

Key Executives for Wells Fargo Home Mortgage, Inc.

Chief Executive Officer
Age: 52
Head of Mortgage Servicing
Head of Mortgage Production
Compensation as of Fiscal Year 2017.

Wells Fargo Home Mortgage, Inc. Key Developments

Wells Fargo Home Mortgage, Inc. Presents at 2017 AREAA National Convention, Sep-28-2017 through Sep-30-2017

Wells Fargo Home Mortgage, Inc. Presents at 2017 AREAA National Convention, Sep-28-2017 through Sep-30-2017. Venue: San Diego, California, United States. Presentation Date & Speakers: Sep-29-2017, Cerita Battles, Senior Vice President and Head of Retail Diverse Segments, Richard Chow, Retail Sales Supervisor. Sep-30-2017, Joseph Lai, Area Sales Manager, Tay Toliver.

Bronstein, Gewirtz & Grossman, LLC Files Class Action Against Wells Fargo & Company, Wells Fargo Bank, N.A., and Wells Fargo Home Mortgage

Bronstein, Gewirtz & Grossman, LLC announced that a class action has been filed in the Northern District of California against Wells Fargo & Company, Wells Fargo Bank, N.A., and Wells Fargo Home Mortgage for allegedly forcing customers to pay for improper mortgage fees. The complaint alleges that Wells Fargo has violated numerous state and federal consumer protection laws, including the U.S. Real Estate Settlement Procedures Act and the U.S. Truth in Lending Act and that: the company was systematically charging its customers a fee to extend the period that their offered mortgage interest rate was 'locked in,' even though it was Wells Fargo that caused the delays in the closing process; Wells Fargo managers pressured employees give an excuse to blame the borrowers for the delays; and consequently, the borrowers found themselves in the difficult position of paying these added fees or risk not closing on a home, or paying a higher rate. In January 2017, ProPublica first revealed this alleged practice following which Wells Fargo reportedly hired a law firm to conduct an internal investigation and then fired several managers who were allegedly involved in this scheme. As of June 2017, the Consumer Financial Protection Bureau is also investigating the company.

Wells Fargo Home Mortgage, Inc. Presents at NAREB 70th Annual Convention, Jul-30-2017 11:00 AM

Wells Fargo Home Mortgage, Inc. Presents at NAREB 70th Annual Convention, Jul-30-2017 11:00 AM. Venue: InterContinental Hotel, 444 St. Charles Avenue, New Orleans, LA 70130, Louisiana, United States. Speakers: Cerita Battles, Head of Retail Diverse Segments.

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
May 23, 2017
Turning Leaf Homes V, LLC
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