Chase Launches Wholesale Origination Portal

The home mortgage division of Chase is rolling out a new wholesale loan origination system, ChaseLoanCenter, which gives users access to the entire Chase loan process.Accessed with one password, the system gives users new functionality as well as replaces brokers' separate access to Advanced ChaseLock and ZiPPY. ChaseLoanCenter is being piloted currently with a small group of brokers and scheduled for deployment nationwide to all Chase Wholesale Lending brokers starting this fall. With ChaseLoanCenter, brokers can register and lock loans, submit loans for automated underwriting, deliver loans electronically, perform rate locks and extensions, and track loan progress. Enhanced features include rate relocks and extension online, access to closing calendars and retrieval of closing documents. ChaseLoanCenter will also replace the system used by Chase employees streamlining the operations and enabling real-time status, decisioning, and service ordering. The company can be found on the Web at http://www.jpmorganchase.com.