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04 Feb 11 Chase Opening Mortgage Help Centers in California

JPMorgan Chase announced that the bank was set to open a mortgage help center in Fresno California later this year.  The Chase Homeownership Center continues to get good feedback from their customers nationally. Even as California mortgage programs remained at the most affordable level in 50-years, not enough homeowners qualify for mortgage refinancing to reduce their monthly payments.

Chase continues to reach out to provide mortgage help and foreclosure relief to homeowners across the country.  These home loan relief centers are part of their national expansion to assist distressed homeowners to avoid foreclosure.  Eileen Leveckis, a spokeswoman for Chase in San Francisco said, “We started this whole initiative in response to the crisis.”

Chase first opened the homeownership centers in 2009 and they recently announced more expansion in an effort to extend mortgage relief on a local level. In June in Northern California, the bank opened a Walnut Creek center; other sites launched last year in Los Angeles and San Diego counties.

Five to eight loan officers would be redeployed from other Chase locales to staff the Fresno center, part of a 19-state, 25-center expansion of the mortgage help program. “We want to reach as many homeowners as possible and try to help,” said David Lowman, CEO of Chase Home Lending, in a statement. “The best way to help borrowers find ways to stay in their homes is to sit down face-to-face and discuss their individual circumstances.”

Since the home foreclosure prevention program began, Chase has met with 120,000 customers at its current 51 mortgage relief centers, the company said. Chase has promised many new mortgage help centers in 12 new states, including Oregon and Utah and they are opening additional centers in the Oxnard-Westlake-Simi Valley area and in Texas, Washington and eastward. According to Leveckis Chase has prevented 468,000 foreclosures with their loan modification programs, short sales and term extensions since 2009.

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