JPM Working on New Mortgage Technology Platform for Originations
The residential finance division of JPMorgan Chase plans to roll out a new mortgage origination technology platform next year, according to a recent filing with the Securities and Exchange Commission.
The nation’s second largest lender said in the filing the roll out will commence in 2013 and continue into 2014. “Changes will improve ability to increase or decrease originations capacity,” the firm says.
A spokeswoman for JPM said the bank does not usually comment on such internal matters.
The rollout was mentioned in briefing materials distributed at a recent BancAnalysts Association conference in Boston where company executive Frank Bisignano was speaking. Bisignano is co-chief operating officer of JPM and CEO of mortgage banking.
No information was available on who the technology vendor might be.