Brokers and correspondent lenders approved by Chase can now allow more than their home equity customers to take advantage of easy income-documentation requirement. New Lite Income Documentation option available for home-equity line of credit and credit related to the main residence, second / vacation homes and non-owner occupied homes and to purchase, cash out and no cash transactions.
"Credit borrowers with strong backgrounds can verify their income with little documentation as one pay stub that includes year-to-date earnings," said Kimberly Salvo, Home Equity National Sales Manager. "Knowing that the first clients want faster and more convenient application process, Chase has launched the Lite Income Documentation option to provide just that."
Borrowers with FICO scores 700 or more are eligible for Lite Income Documentation line or the option to loan up to $ 350,000. "With Chase home equity lines and loans, originators can further enhance the customer experience to their best borrowers," said Salvo. "Our brokers and correspondent clients expect both product and process innovations from Chase to help build their businesses and remain competitive. In addition, they can access a variety of powerful support tools and product information when they use the Web site chaseb2b.com."
Chasing is one of the nation's leading home equity lenders, generating more than $ 54 billion of home equity originations in 2005 through bank branches, brokers, journalists and mortgage offices. Parent company JPMorgan Chase is a leading global financial services firm with assets of $ 1.3 trillion and operations in more than 50 countries.
Information about the company is available at www.jpmorganchase.com.
RISMedia welcomes your questions and comments. Send e-mail to: realestatemagazinefeedback@rismedia.com.
"Credit borrowers with strong backgrounds can verify their income with little documentation as one pay stub that includes year-to-date earnings," said Kimberly Salvo, Home Equity National Sales Manager. "Knowing that the first clients want faster and more convenient application process, Chase has launched the Lite Income Documentation option to provide just that."
Borrowers with FICO scores 700 or more are eligible for Lite Income Documentation line or the option to loan up to $ 350,000. "With Chase home equity lines and loans, originators can further enhance the customer experience to their best borrowers," said Salvo. "Our brokers and correspondent clients expect both product and process innovations from Chase to help build their businesses and remain competitive. In addition, they can access a variety of powerful support tools and product information when they use the Web site chaseb2b.com."
Chasing is one of the nation's leading home equity lenders, generating more than $ 54 billion of home equity originations in 2005 through bank branches, brokers, journalists and mortgage offices. Parent company JPMorgan Chase is a leading global financial services firm with assets of $ 1.3 trillion and operations in more than 50 countries.
Information about the company is available at www.jpmorganchase.com.
RISMedia welcomes your questions and comments. Send e-mail to: realestatemagazinefeedback@rismedia.com.
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