Download - Company and Legal Department Overview David V. Gorsche Assistant General Counsel May 30, 2014
Company and Legal Department OverviewDavid V. GorscheAssistant 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