Nationstar Mortgage is included as one of the biggest mortgage companies in the United States. This mortgage was built in Colorado in 1994. With more than 7000 employees, Nationstar Mortgage is always trying to make the dreams of more than 2.9 million customers alive. To make it happen, Nationstar Mortgage offers some products and some services. All of them are high quality.
Wells Fargo is the name of the bank. It is the fourth biggest banks in the United States. This bank was founded atMarch 18th, in the year of 1852. Right now, the main building of the bank is located in San Fransisco, United States. Wells Fargo provides some products related to banking, mortgage, investing, credit card, insurance, customer and commercial financial services.
To do some processes related to mortgage and its payments, Nationstar Mortgage has joined with Wells Fargo. If you are the customers of Nationstar Mortgage and want to make a process such as payment, you can use Wells Fargo as the bank. Not all the processes in Nationstar Mortgage can be done through Wells Fargo, just some of it.Nationstar and Wells Fargo had a good term since then.
A news in 2014 stated that Nationstar Mortgage could pick up Wells Fargo after the Wells Fargo mortgage sale. The news came up as Nationstar Mortgage shares were close at $28.70. Nationstar Mortgage, which was controlled by Fortness Capital, was predicted to purchase the package of Wells Fargo. It is because of the size and the services of the loans which did not come from the government agencies such as Fanie Mae or Freddie Mac. It seemed a good deal as it would make the gap of the two companies close, even in the fact, the size of the deal would not make Nationstar Mortgage the biggest non-bank servicer.
Nationstar and Wells Fargo are two well-known companies in United States, if not the most. Both Nationstar and Wells Fargo are on the list as the banks with most refinance applications. A data from the year of 2013 ranked Wells Fargo as the number one. Wells Fargo got the highest number of mortgage refinance applications with more than 1.2 million. It was in the mainstream banker category. Behind Wells Fargo, there was Chase with 688,042. Bank of America came third with 505,975. The rest ones were Quicken Loans with 456,751, Nationstar Mortgage with 289,042, Citi with 273,388, and Loan Depot with 147,071. In the approved mortgage refinances category in the same year, Wells Fargo also put its name as the number one. according to the data of Credio, Wells Fargo got 565,628. Chase followed second with 352,556, quicken Loans was third with 341,763. The rest ones were Bank of America with 304,625; Nationstar Mortgage with 99,911; and Flagstar Bank with 67,779.
Aside from the achievements, Nationstar and Wells Fargo also has the bad points. Some of their customers have been disappointed on them. The problems mostly related to foreclosure and loan modification. So, think well if you are going to join them.