Wells Fargo announced today it will roll out by year-end a three-part program to help improve the financial well-being of its customers who close on a new nonprime home mortgage loan. The program, “Steps to Success,” will include education, tools and banking products designed to put customers on the path to financial stability.
“We believe helping borrowers get on a path to financial success is the heart of responsible lending,” said Cara Heiden, division president of National Consumer and Institutional Lending, Wells Fargo Home Mortgage. She announced the program at a housing symposium Wells Fargo Home Mortgage hosted in Washington. “The vision that drives Wells Fargo is to help our customers succeed financially, and we are committed to working with them to achieve their personal and financial goals through homeownership. Steps to Success will provide a roadmap for customers to strengthen or build their credit profile and, ultimately, improve their financial well-being.”
Key program elements will include:
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