Items Tagged with 'Chase Mortgage'

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  • JPMorgan Chase: The key to preventing borrowers from defaulting on their mortgages is not what you think

    Borrower liquidity is more important than borrower equity
    For years, the conventional wisdom in mortgage lending has been borrowers with more financial skin in the game are less likely to default on their mortgages. But new research from JPMorgan Chase suggests that borrowers putting more of their money down for a home is not actually a solid way to prevent them from defaulting on their mortgages. Put simply, borrower liquidity appears to be more important than borrower equity.
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  • Chase guarantees it will close a mortgage in 21 days or it’ll give you $1,000

    Rolls out new loan closing guarantee program for customers
    Chase Home Lending now claims it can close on a borrower’s mortgage in as little as three weeks and it’s putting its money where its mouth is to back up that claim. Chase announced recently that it is rolling out a program called “Closing Guarantee” for its existing customers. Through the program, the bank promises to close a mortgage in 21 days, and if the bank doesn’t close on the loan in the timeframe, it will pay the borrower $1,000.
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  • JPMorgan Chase picks Black Knight to power its home equity originations

    Will use LoanSphere Empower to originate home equity loans
    JPMorgan Chase may be using Roostify to power its digital mortgage application process on the front-end, but the megabank will be using Black Knight to power its home equity loan originations. Black Knight announced Wednesday that JPMorgan Chase will be using its LoanSphere Empower loan origination system as the backbone of the bank’s home equity originations business.
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  • Wells Fargo, Citi, Chase results show 2017 will be a down year for big bank mortgages

    A deep dive into the mortgage business at the big banks
    Market observers were already predicting that 2017 would be a rough year for mortgages, at least compared to 2016. So it shouldn't come as a surprise that when Wells Fargo, Citigroup, and JPMorgan Chase reported their financial results for the first half of the year mortgages were not a significant driver of revenue. But a deeper dive into the big banks’ results shows 2017 will not be kind to mortgages, for the big banks at least.
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  • What are homebuyers really searching for? Google gives us the answer, literally

    Chase, Google partner on report that shows what buyers actually search for
    What do homebuyers really think about when they’re looking for a home or a mortgage? What do they really want to know about the homebuying process? What is really driving them? What do they really care about? A unique new report from Chase and Google presents a behind-the-scenes look at what homebuyers are searching for, and the results provide a window into what buyers really think.
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  • Chase Mortgage offers new credit card award program for Millennial mortgage customers

    Looking for more credit card points?
    There are about to be a wave of Millennial homebuyers, and Chase Mortgage is stepping up to serve them. The bank is trying something new to create added incentive for young homebuyers to secure a mortgage through the bank. Already have a Sapphire credit card with Chase? This announcement is for you.
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  • Dimon: FHA, servicing rules changes could add $300B in mortgages per year

    JPMorgan Chase CEO paints rosier picture of mortgage business in 2017
    Last year, JPMorgan Chase CEO Jamie Dimon painted a particularly unflattering view of the mortgage business in his yearly letter to shareholders. But this year, Dimon’s tone toward the mortgage business is much different. In the 2017 version of his letter to shareholders, Dimon suggested that with some (significant) changes, the mortgage business could grow considerably in 2017 and beyond.
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  • Chase moves into digital mortgages with help from Roostify

    Slated to release online home loan later this year
    Chase is adding its name to a growing list of mortgage lenders going digital, as the housing industry steps up its game to meet the needs of consumers. Chase announced on Thursday it’s launching a digital mortgage platform, allowing customers to track a loan application through closing entirely online and from any mobile device.
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