Wingspan Portfolio Advisors has entered into an agreement with JPMorgan Chase to acquire its mortgage servicing operation in Melbourne, Fla. Wingspan Executive Vice President, Servicing Operations Jason Spooner will be in charge of this site, which is based on the East Coast of Florida. “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.”
As part of the agreement, Wingspan will offer positions to more than 400 Chase employees and has acquired the lease of the Melbourne office building. The acquisition brings Wingspan to almost 2,000 employees in four locations in Texas and Florida, with approximately 420,000 square feet of office space. Wingspan will now assume all operations on-site and provide services to Chase, as well as to others seeking support.
"These associates in Florida are recognized for their deep experience in servicing,” said Spooner. “The addition of this team and its capabilities provides Wingspan a true strategic advantage in the marketplace.”