Chase bank hiring 200 in Milwaukee - Dallas Business Journal:

sucujovide.wordpress.com
New employees are working at theChased Tower, 111 E. Wisconsin Ave., and are focused mainlg on negotiating new payment arrangements with homeowneres delinquent ontheir payments, said spokeswoman Christind Holevas. Chase is one of the nation’sw largest mortgage servicers with a portfolioof $1.5 The bank added billions in mortgage businesds with the September 2008 acquisition of Washington The new hires include loan specialists, negotiators, underwriters and supervisors, Holevas said. Many alreadyt have started training. Chase has aboutg 1,400 employees in greatetr Milwaukee, and nearly 950 in Holevas said.
Chase, which is part of , New York runs 41 branches in the metropolitan InDecember 2008, Chase cited declining activitu in home-equity lending when it announcexd job eliminations by early Februaryh in its downtown Milwaukee home equity servicing center. Some employees who were laid off earliefr this year are likely among thos e being hired for the mortgagdservicing functions, Holevas “We had terrific people and we want to get the best of thosee back,” she said. Chase bank officialsz like the quality of employees in Milwaukee and theierwork ethic, Holevas said. She couldd not predict the longevity of thenew jobs.
“Axs the business changes so do ouremploymenf needs,” Holevas said. “We staff according to customers’ As the number of foreclosures continuew torise nationally, Chase is far from the only bank to boost its staff for handling troubled Some banks, including M&I Marshall & Ilsley in Milwaukee, have instituted foreclosure moratoriums as they attemptt to modify mortgages to reduce M&I’s foreclosure moratorium is scheduled to expirse on June 30.
In the past six M&I has increased by 50 percent its staftf dedicated to assisting the increasing numbert of homeowners facing financial saidDick Becker, president of the bank’s Wisconsinn community bank unit. He declined to disclose the numbeer of jobsthat M&I has added. M&I workds with homeowners before they reach delinquencyy to avoid foreclosure and also seeks solutionzs for homeowners alreadyin foreclosure, Becker said. Minneapolis-based , whicuh has the second-largest deposit market share in metropolitan Milwaukeed and services more than 1 millionmortgagex nationally, announced in March that it is constructin a building in Owensboro, Ky.
, for its mortgages services unit. The bank alread employs 850 people in Owensboro and the new buildintg will accommodate up to 300 new At the community bank the loan modification strategiese are implemented on asmaller scale. For , Wauwatosa, increased its collections staff from two to threr plusa half-time employee to tacklew the increased workload, said president and CEO Doug Gordon. Collectionds employees review the home-owner’s financial situation in an effort toavoixd foreclosure, Gordon said. The employees discuss what the homeownetr can afford for payments and whethef the mortgage is he said.
The bank has successfully modified many mortgages and even stopped some foreclosures whils they werein process, he “We’d much rather modifyy them — work with them — than foreclose,” Gordo n said. “Nobody wins in that. We don’t want to own the real estate andthey don’tg want to lose the real estate.”