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*** Corporate Partner Profile ***   

wells_logo Wells Fargo Home Mortgage
Web: https://www.wellsfargo.com/mortgage/

Vision Statement
At Wells Fargo, we want to satisfy all the financial needs of our customers, help them succeed financially, be recognized as the premier financial services company in our markets, and be regarded as one of America’s great companies.


Who We Are
Founded in 1906 as Iowa Securities Company in Waterloo, (and later becoming Norwest Mortgage), Wells Fargo Home Mortgage is headquartered in Des Moines, Iowa. The company is one of the nation's leading originators and servicers of residential mortgages. Based on retail volume, Wells Fargo Home Mortgage is the nation's No. 1 retail mortgage lender, according to Inside Mortgage Finance - May 25, 2007. Wells Fargo operates the country's largest mortgage network from more than 2,400 mortgage and Wells Fargo banking stores and the Internet. It services loans for more than seven million customers nationwide through its retail and wholesale lending operations.

How We Are Doing

  • Wells Fargo Home Mortgage is one of the nation’s leading residential mortgage lenders with a volume of $67.86 billion in new originations and a 10 percent market share based on first quarter 2007 data compiled by Inside Mortgage Finance 5/04/2007.
  • Wells Fargo Home Mortgage is the nation's leading retail mortgage lender with a volume of $35.66 billion and a 13.5 percent market share based on first quarter 2007 statistics compiled by Inside Mortgage Finance 5/25/07.
  • Wells Fargo Home Mortgage is the #1 home loan mortgage servicer with a loan servicing portfolio valued at $1.377 trillion and a market share of 13.3 percent according to first quarter 2007 statistics compiled by Inside Mortgage Finance 5/11/2007.
  • Wells Fargo is the nation's No. 1 provider of renovation financing based on the Fiscal Year 2006 HUD Endorsed report. Wells Fargo Home Mortgage had 965 endorsements for a total market share of 35.35 percent.
  • Wells Fargo Home Mortgage provided funding for one out of every twelve newly constructed homes in 2006 according to first quarter 2007 statistics compiled by Marketrac®. Wells Fargo Home Mortgage ranked No. 1 with 18,936 loans for a volume of $4.35 billion and market share of 8.8 percent.
  • Wells Fargo Home Mortgage is the No. 1 originator of reverse mortgages in the nation, helping senior homeowners age 62 and older capitalize on the equity they have built in their homes to secure financial independence and peace of mind. In 2006, more than 30 percent of customers nationwide trusted their reverse mortgages to Wells Fargo Home Mortgage.
  • Wells Fargo Home Mortgage introduced Steps to SuccessSM in October 2006 – a unique program that provides financial education, the means to be more familiar with credit reports, and money management banking products. We have enrolled more than 30,000 nonprime customers; and, based on information currently available from a large sample of customers, those participating in the program have a lower likelihood of delinquency.
  • The Wells Fargo Housing Foundation was created to provide permanent solutions to homeownership needs in Wells Fargo communities nationwide. Through the volunteerism of Wells Fargo team members, more than 2,000 homes have been built or renovated through the Housing Foundation since its inception in 1993. The Housing Foundation is funded by Wells Fargo Home Mortgage.


Contact Information:

Phillip W. Bracken, Executive Vice President
Government & Industry Relations
Wells Fargo Home Mortgage
16024 Manchester Rd. Suite 200
Ellisville, MO. 63011
ph. 636-594-2211
fx.  636-594-2322
email: phil.bracken@wellsfargo.com

Nancee Mueller, Vice President
Government & Industry Relations
Wells Fargo Home Mortgage
16024 Manchester Rd. Suite 200
Ellisville, MO. 63011
ph. 636-594-2255
fx.  636-594-2256
email: nancee.mueller@wellsfargo.com

Laraine Davis, Vice President
Government & Industry Relations
Wells Fargo Home Mortgage
16024 Manchester Rd. Suite 200
Ellisville, MO. 63011
ph. 636-594-2268
fx.  636-594-2264
email: laraine.davis@wellsfargo.com


Resources for Cities
:

  • In recognition of National Homeownership Month, Wells Fargo Home Mortgage held the second annual National Housing Symposium on June 14 in Washington, D.C. that brought together an array of housing and consumer groups to pursue effective solutions to the problems our citizens face in trying to achieve and sustain home ownership.  Housing and Urban Development Secretary Alphonso Jackson was the featured speaker.  The Symposium may be viewed on the National City Network TV at  http://www.ncntv.org/events/homeownership07/
  • Hands on Banking, and the Spanish-language version, El futuro en tus manos, are free, fun financial educational programs. They are designed to teach children, teens and adults the basics of good money management and the skills to create a brighter financial future. Developed by Wells Fargo as a free public service, these innovative programs contain no commercial content. http://www.handsonbanking.org/

Corporate Giving/Community Involvement: 

Community Partnerships
Non-profits, schools and community service groups depend on the generosity of Wells Fargo and we’re proud to be one of the country’s largest financial contributors to people and communities. We support our communities through the Wells Fargo Foundation and the Wells Fargo Housing Foundation and, thanks to the generosity of our team members’ volunteerism.

We partner with communities so they can be great places to live and work. We generate economic growth by creating jobs, using local suppliers, encouraging team members to volunteer in their community and by offering our customers the convenience of doing business with us when, where and how they want to do it.

Corporate Giving
In 2006, Wells Fargo gave $103 million to 14,000 non-profits and schools, up from $95 million in 2005. Each year, if we achieve our financial performance targets, we seek to increase this giving. We were recognized by Business Week as one of the top 10 most generous corporate donors in 2006.

Giving by Category
Arts and Culture

9%

Civic

6%

Education

28%

Human Services

30%

Community Development

26%

 
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