(2013 Inside Mortgage Finance) $1.8 trillion Wells Fargo Home

Company and Legal Department Overview
David V. Gorsche
Assistant General Counsel
May 30, 2014
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company
with $1.5 trillion in assets and $21.9 billion in income for 2013
Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and
commercial finance through more than 9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com)
Headquartered in San Francisco
Does business with one in three U.S. households; over 70 million customers
More than 265,000 team members in 36 countries; 14,500 team members in Iowa
Ranked fourth in assets among U.S. banks and was the world’s most valuable bank by market capitalization,
$262 billion (1st quarter 2014);
Named “Best Bank” in its Global Awards for Excellence by Euromoney in 2013 (first time a U.S.-based bank has
won the top award)
Ranked largest corporate donor in the U.S. by The Chronicle of Philanthropy in 2013 (based on 2012 donations)
• Wells Fargo Home Mortgage located in West Des Moines
• 50,122 team members (as of 3/31/14)
• #1 Mortgage Originator
• In 2013, Wells Fargo provided $351 billion in financing to 1.5 million consumers to purchase homes or
refinance existing mortgages
• Financed 1 of every 5 homes in the United States in 2013
• #1 Retail Mortgage Lender (2013 Inside Mortgage Finance)
• #1 Mortgage Servicer (2013 Inside Mortgage Finance)
• $1.8 trillion Wells Fargo Home Lending Servicing volume, 11.4 million loans
• Wells Fargo Home Mortgage has been among the top 3 in rank for both mortgage originations and servicing every
year since 1995
Wells Fargo Legal Department
• Wells Fargo Law Department is comprised of 7 Divisions
• Banking, Operations, Commerce and Global Risk
• Consumer Lending and Corporate Regulatory
• Enterprise Services
• Finance and Operations
• Global Commercial and Insurance
• Litigation and Workout
• Wealth, Brokerage, Retirement and Asset Management
• Approximately 800 team members in the United States, Canada, Puerto Rico, Hong Kong, Ireland and the
United Kingdom.
• Approximately 91 Attorneys Support the Consumer Lending and Corporation Regulatory Division
• Assistant General Counsel of the Mortgage Banking Division of Wells Fargo
• 40 team members
• Located in Des Moines, Houston, Minneapolis, Charlotte, San Antonio and Dallas
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