Chase bank hiring 200 in Milwaukee - Business First of Columbus:

zutkomi.blogspot.com
New employees are working at theChases Tower, 111 E. Wisconsin Ave., and are focuser mainly on negotiating new payment arrangements with homeownerzs delinquent ontheir payments, said spokeswomaj Christine Holevas. Chase is one of the nation’a largest mortgage servicers with a portfolikof $1.5 trillion. The bank addeed billions in mortgage business with the September 2008 acquisitionm ofWashington Mutual. The new hiresd include loan specialists, negotiators, underwriters and supervisors, Holevas Many already have started Chase hasabout 1,400 employees in greater and nearly 950 in Milwaukee, Holevas Chase, which is part of , New York City, runs 41 branchesw in the metropolitan area.
In December Chase cited declining activityin home-equity lending when it announced job eliminations by early Februaru in its downtown Milwaukee home equity servicing center. Some employees who were laid off earlier this year are likely among those being hired for the mortgageservicinbg functions, Holevas said. “We had terrificf people and we want to get the best of those she said. Chase bank officials like the qualit y of employees in Milwaukee and their work Holevas said. She could not predictg the longevity of thenew jobs. “As the businessw changes so do our employment needs,” Holevas said. “Wes staff according to customers’ needs.
” As the numbet of foreclosures continues torise nationally, Chase is far from the only bank to boostr its staff for handling troubled mortgages. Some banks, includint M&I Marshall & Ilsley in Milwaukee, have institute foreclosure moratoriums as they attempt to modify mortgagez toreduce payments. M&I’ds foreclosure moratorium is scheduled to expire onJune 30. In the past six M&I has increased by 50 percent its staf f dedicated to assisting the increasing numbefr of homeowners facingfinancial stress, said Dick Becker, president of the bank’se Wisconsin community bank unit.
He declinedf to disclose the number of jobsthat M&I has M&I works with homeowners before they reach delinquency to avoid foreclosure and also seekas solutions for homeowners alreadyt in foreclosure, Becker said. Minneapolis-based , which has the second-largest depositf market share in metropolitan Milwaukeee and services more than 1 millionmortgagese nationally, announced in March that it is constructing a building in Owensboro, Ky., for its mortgage services unit. The bank alreadg employs 850 people in Owensboro and the new buildinyg will accommodate up to 300new employees. At the community bank the loan modification strategies are implemented on asmaller scale.
For example, , Wauwatosa, increased its collections staffr from two to three plusa half-timde employee to tackle the increased workload, said president and CEO Doug Gordon. Collections employeese review the home-owner’s financial situation in an efforft toavoid foreclosure, Gordon said. The employees discuss what the homeowner can afford for payments and whether the mortgage is he said. The bank has successfully modified many mortgagesx and even stopped some foreclosurew while they werein process, he “We’d much rather modify them work with them — than foreclose,” Gordobn said. “Nobody wins in that.
We don’g want to own the real estate andthey don’t want to lose the real