Wells Fargo Home Mortgage and home builder Dominion Homes have formalized and named their previously announced new joint venture, Centennial Home Mortgage, which will originate and fund mortgage loans in Ohio, Kentucky and Indiana, the companies said Tuesday.

Centennial Home Mortgage will provide mortgage origination services, including reviewing applications and pre-qualifying buyers for home loans for Dominion Homes’ customers and the general public, the companies said.

Dominion Homes Financial Services, a subsidiary of Dominion Homes, formerly provided these services. In addition, Centennial Home Mortgage will operate as a mortgage lender with a capital structure that allows it to fund the mortgages it originates, the companies said.

Wells Fargo owns the majority share of the new company, and is responsible for day-to-day operations and regulatory compliance, according to the companies.

Mike Biagi, who has been an assistant vice president and branch manager for Wells Fargo Home Mortgage in Central Ohio for the past seven years, has been named managing officer of Centennial Home Mortgage, the companies said.

“Centennial Home Mortgage will provide our customers with the benefits of outstanding mortgage products and services that are competitively priced and offered by a highly respected player in the industry. It will also allow us to concentrate on our core business of selling and building homes,” said William Cornely, chief financial officer of Dominion Homes, in a statement.

Des Moines, Iowa-based Wells Fargo Home Mortgage, a division of Wells Fargo Bank, is the nation’s No. 1 retail mortgage lender, based on year-end 2005 statistics compiled by Inside Mortgage Finance. It has a local presence in more than 2,400 mortgage stores and bank branches, and services loans for approximately 5.7 million customers.

Dominion Homes offers a variety of homes, which are differentiated by size, price, standard features and available options.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Thousands of real estate pros joined us virtually for Connect Now and you can access the replays with a 2022 bundle.Access Now×
Agent Appreciation Sale: Inman Select for only $85.CLAIM OFFER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription