Chase Picks Fidelity MSP

Chase Home Finance, Iselin, N.J., has selected the Fidelity National Information Services Inc. Mortgage Servicing Package to replace and upgrade multiple legacy software platforms for servicing its $600 billion portfolio.

Chase services its own loan portfolio and is a subservicer for third party mortgage banking firms. The nation's number four ranked servicer, Chase is currently using an in-house system to service loans.

"Top-five mortgage lenders don't change systems very often," said Dan Scheuble, president of the FIS Mortgage Division. "Any time you land one of them, the marketplace is telling you that you are doing something right." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

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