Learn how we can help keep you competitive through lending solutions and websites designed to meet the current needs of correspondent lenders and wholesale brokers.
Wells Fargo Home Mortgage - Institutional Lending
Our Institutional Lending division offers mortgage lending services to a diverse range of clients with specific requirements and business goals:
- Wells Fargo Funding (Correspondent lending) clients include mortgage companies and banks - large and small - which provide mortgage financing to borrowers. These clients originate, underwrite, and close mortgage loans before selling them to Wells Fargo Funding.
- Wells Fargo Funding - Institutional Conduit Sales (ICS) is an extension of the Correspondent line of business. ICS clients tend to be very large mortgage lenders, able to create their own products, and follow less restrictive guidelines when selling loans to Wells Fargo Funding. Generally, ICS clients pool their loans and sell them to Wells Fargo Funding in bulk. Additionally, ICS also markets whole loans to institutional investors on behalf of Wells Fargo Home Mortgage.
- Wells Fargo Wholesale Lending clients are usually mortgage brokers that originate and process loans. These mortgage brokers tend to be smaller in scale when compared to Correspondent clients and often concentrate on sales and marketing functions. Approved brokers are responsible for compiling the necessary documentation, processing the package, and performing preliminary underwriting. We also offer a Table Funding feature allowing clients to receive all the benefits of Wells Fargo Wholesale Lending, but with additional flexibility and benefits as well.
Lender's AllianceSM and Broker's First® Websites
By subscribing online to our Lender's AllianceSM and Broker's First® websites, our clients have access to valuable information to help them increase their efficiency. Both sites offer real-time registrations, locks, and price confirmations as well as customized pipeline reports. The sites also contain information including rate sheets, underwriting guidelines, downloadable marketing materials, and more. Subscribe today.