Chase Home Finance is offering incentives to brokers for home equity line-of-credit products, an executive from the company told attendees at the National Association of Mortgage Brokers' 2004 annual conference in Salt Lake City.For certain HELOCs, the J.P. Morgan Chase subsidiary is offering brokers the opportunity to earn up to $1,000, said Ron Sullivan, a vice president at Chase Home Finance. Among other ways the company is courting brokers is a plan to offer certain brokers the ability to draw their own documents electronically, said Rod Brace, senior vice president and broker wholesale division manager. He said this feature is slated to be put in place by the beginning of the fourth quarter.
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