Skip to main content

Applying Glue to Your Sphere of Influence

National Mortgage Professional
Sep 07, 2002

Chase Manhattan Mortgage Corporation to Acquire Advanta Corporationmortgagepress.comChase Manhattan Mortgage Corporation, Advanta Corporation, aquisition Chase Manhattan Mortgage Corporation, a subsidiary of J.P. Morgan Chase and Company, has signed a definitive agreement to acquire the mortgage business of Advanta Corporation. The acquisition includes a $15.8 billion mortgage loan servicing and sub-servicing portfolio with more than 200,000 customers and other net assets. Advanta also has an annual origination capability in excess of $1 billion. The proposed acquisition will supplement Chase's origination activity in the non-prime mortgage business and enhance Chase's position as a nationwide originator of non-prime mortgages. The Advanta non-prime servicing portfolio is one of the largest in the nation and includes Chase's non-prime portfolio, which Advanta has been sub-servicing. The acquisition is subject to approval of Advanta's shareholders and certain regulatory filings and approvals. The transaction is expected to close in the first quarter of 2001. Chase and Advanta will work together to ensure a seamless transition for Advanta customers.
Published
Sep 07, 2002
Video & You

Show your personality. After all, you are your own brand.

Sales and Marketing
Sep 30, 2021
The Emotional Components Of Branding

What emotions does your brokerage evoke, and how can you use them in developing your brand?

Sales and Marketing
Sep 20, 2021
Answering The Magic Question

The more you focus on the commission “split,” the more you have turned your job into a commodity.

Sales and Marketing
Sep 20, 2021
Rocket Mortgage Signs Brand Partnerships With 25 College Athletic Programs

Rocket Mortgage, announced its extended visibility and branding throughout college campuses with new and expanded multi-year partnerships.

Sales and Marketing
Sep 08, 2021
Flyhomes Designs The Antidote To Homebuyer’s Remorse

If buyers don’t love their home within the first year — for any reason — Flyhomes will list the home on their behalf and waive their commission.

Sales and Marketing
Aug 26, 2021
Should A Rebrand Be In Your Future?

Make sure you’re communicating who you are.

Sales and Marketing
Aug 05, 2021