It’s official. As HousingWire reported in its Ticker Section days ago, Wingspan Portfolio Advisors has entered into an agreement to acquire JPMorgan Chase’s mortgage servicing operations in Melbourne, Fla.

Wingspan, a component and special mortgage servicer, said it would offer positions to more than 400 Chase staff members, while officially acquiring the lease of the staff’s Melbourne office building.

The expansion means Dallas-based Wingspan now has an employee base of 2,000 staff members in four locations throughout Texas and Florida.

Wingspan said it will assume control of all on-site operations and provide Chase with services.

“This is big news for us and we see it as indicative of where our industry is headed,” said Wingspan CEO and President Steven Horne. “We are now fully equipped to meet the needs of clients as they downsize the scale of their default servicing operations.”

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

The growth of the mortgage broker channel gives real estate agents new options for homebuyers

The mortgage broker channel has seen a great deal of growth over the last year, with independent mortgage brokers now accounting for more than 16% market share. This momentum presents a great opportunity for real estate professionals to join forces with independent mortgage brokers.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please