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Wells Fargo – About The Lender
Wells Fargo is one of the largest and oldest companies that executes business all over the world. The company started in 1852 helping customers by stagecoach, to drive thru tellers, to personal originators at your hands. To this day, they still have been going strong even after almost 200 years later. However, with any bank, there are problems much like the $50 million settlement they paid 250,000 customers that were overcharged appraisal fees in October 2016.
They have had a fair share of their problems but they still have one of the largest numbers of products and programs in the banking and mortgage industry. Their main focus is to keep human interaction instead of people having an online based experience for their mortgage or finance needs.
If you need any type of mortgage that you could think of or any type of financial stage in your life, Wells Fargo would be the bank you would want to go through.
Wells Fargo Mortgage Pros & Cons
Wells Fargo Mortgage Products, Fees, and Conditions
Wells Fargo Mortgage Process – How To Get a Loan
Should You Consider Wells Fargo Mortgage?
The ideal borrower for Wells Fargo Mortgage would be someone that has an average credit score of 620, average income, little to no assets, and someone that has a lot of patience and time to go through the many types of loan programs they offer as well as the loan process.
If by some small chance you get everything, they need whether that be documents or just plain information, all up front, you potentially could have a 48 to 72 hour turn time. However, most lenders and borrowers do not get everything right the first time, so plan on having a 30 to 40 day turn time.
Due to the scrutiny and the lawsuits that Wells Fargo Mortgage has been facing in the past and present and the reviews of long- or short-term customers that have been with this lender, borrowers BEWARE and make sure you do your own research before landing on this bank.