Finding relationship sales treasure buried in the depths of customer data

Aug 13, 2006

Chase introduces new wholesale loan origination systemMortgagePress.comOnline loan origination systems, Chase This fall, the home mortgage division of Chase is introducing a new wholesale loan origination system nationwide, this fall, called ChaseLoanCenter, which will give users access to the entire Chase loan process. Accessed with one password, the system will give users new functionality and replace brokers' separate access to Advanced ChaseLock, Chase's wholesale loan portal, and ZiPPY, Chase's wholesale automated underwriting system. Chase, a subsidiary of JPMorgan Chase & Company, is a residential mortgage originator, based in Iselin, N.J. For more information, visit www.chase.com.

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Aug 13, 2006

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....