Chase to Add up to 1,000 Mortgage Jobs

April 28, 2011 No Comments »


Normally we talk about mortgage layoffs and lender closures around here.

But that’s not the case today.

Chase, the third largest mortgage lender in the nation, plans to hire as many as 1,000 new mortgage servicing employees in Central Ohio, per a company press release.

The New York City-based bank is already the largest private employer in the Columbus, Ohio area, with 17,000 workers currently in force.

The additional workers, which will range from 500 to 1,000, are being hired to help homeowners around the country who are struggling to keep up with their mortgage payments.

Seems a tad bit late, but it’s better late than never, I suppose.

The new workers will accompany Chase’s staff at a 495,000-square-foot facility in Easton that the company uses for mortgage servicing.

And they’ll need plenty of them, as the bank noted that two-thirds of the WaMu mortgages they acquired were impaired.

Additionally, Chase revealed difficulty in making loan modifications permanent under HAMP, so perhaps beefed up staff will solve their ongoing woes.

Chase also has 51 mortgage counseling centers, with a presence in 14 states and Washington D.C.

The lender saw fourth quarter loan origination volume increase 49 percent year-over-year to $53 billion – looks like they’ve got ample loan officers

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