Wells Fargo & Co., whose home loan unit is based in Des Moines, Iowa, has reported that its managed servicing portfolio now exceeds $1 trillion in home loans and commercial mortgages serviced for others.At the end of last year, Wells Fargo said its servicing portfolio, including subservicing, totaled $1.016 trillion. Mark Oman, senior executive vice president in charge of Wells Fargo's home and consumer loan group, called the growth rate "astonishing," noting that Wells Fargo has doubled its servicing portfolio over the past five years. The company's totaled managed servicing portfolio increased 22% during 2005. Wells Fargo can be found online at http://www.wellsfargo.com.
Processing Content
