Dominion and Wells Fargo Now Joint Forces
Dominion Homes Inc. and Wells Fargo Home Mortgage Inc. have sealed the deal which now makes them a joint venture. The new name of this single company will be Centennial Home Mortgage LLC. and will fund mortgages for Dominion customers. The new business will also be handling qualifying borrowers and processing applications which were previously in the hands of Dominion.
Dominion has been dealing with allegations of fraud from customers and Dominion spokeswoman Lori Steiner gave this statement:
“We wanted them to be majority shareholders because we wanted them to be completely responsible for daily operations as well as regulatory compliance.”
April 6, 2006 | Filed Under Mortgage Updates