CLAIM #62938 · Wells Fargo & Company (WFC) · 2022Q4 earnings call · Jan 13, 2023 · due Jul 13, 2025
“And even as we downsize the portfolio on the servicing side, the whole point -- our servicing portfolio can be substantially, substantially lower, and we'll still have scale to be able to originate the product and we would say in a more profitable way than we're doing it today.”
Charles Scharf · CEO
CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
our servicing portfolio can be substantially, substantially lower, and we'll still have scale to be able to originate the product... in a more profitable way than we're doing it today
Reported
Mortgage loan originations increased forty percent from a year ago as we focused on servicing Wells Fargo & Company customers.
Verify independently
SEC filings for WFC ↗ · Claim quote is verbatim from the 2022Q4 earnings call.