Wells Fargo Acquires Approximately $51 Billion In Mortgage Servicing Rights

Wells Fargo press release September 7, 2017 ------- Wells Fargo & Co. (NYSE: WFC) announced that it has acquired approximately $51 billion in mortgage servicing rights (MSRs) from Seneca Mortgage Investment. “We look forward to the opportunity to provide excellent service to these new mortgage customers and are committed to making this a smooth transition for them,” said Franklin Codel, head of consumer lending for Wells Fargo. “Mortgage servicing is an attractive, core business for Wells Fargo, and this transaction provides an opportunity for us to strategically enhance our servicing portfolio.” To learn more click on the picture below to read the release.