Chase Mortgage Unveils New Website

Chase Manhattan Mortgage Corp.'s correspondent division has announced a new website combining real-time loan status with Internet technology.The site offers lenders access to loan information and status data for every loan they fund through Chase. "Now when a Chase underwriter or funder enters a status in the system, the reports on the website are updated within seconds," said Deane Hall, executive vice president of Chase's correspondent division. Lenders can gain instant access to information -- such as which loans are about to expire -- view rate and price bulletins, and search an online version of the correspondent lending products and programs guide. "In the past a correspondent had to pick up the phone and call an account rep. Now he can access the system on the Internet and learn the status of the loan," said David Matthews, senior vice president and chief information officer for Chase Manhattan Mortgage. The website address is http://www.mortgage.chase.com/correspondent.