Be on time, every time
Get your borrowers set up with Automatic Mortgage Payments
Do you have borrowers asking you how to set up ACH with Chase for their new mortgage? Chase has developed marketing collateral to assist you in helping your borrowers make their mortgage payment on time, every time.
For free marketing flyers, email your name, company name and shipping address to b2b.marketing.group@chase.com.
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Chase Correspondent has revised the Funding Request Form & Submission Checklist.
Refer to Chase Bulletin CB12-05 for complete details. The changes are effective January 24.
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Does your company need ChaseLoanManager Batch Registration training?
If you are not using Batch Registration and would like customized training, contact Chase Application Support at 877-ASK-CHASE, Option 4.
Batch Registration can:
- speed up the register and lock process
- expedite locking multiple loans
- map data files field by field
- and more
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VA Funding Fee Update: Circular 26-11-19
The VA Funding Fee Legislation was signed by the President on November 21, 2011. This raises the funding fees to the pre-November 18, 2011 levels. Refer to Circular 26-11-19 for additional details. Correspondents delivering VA loans to Chase must follow the guidance in CB11-136.
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HARP extension and Updates to Freddie Mac LP Open Access and Fannie Mae DU Refi PlusTM
On October 24, 2011, the Federal Housing Finance Agency (FHFA), together with Fannie Mae and Freddie Mac, announced a series of changes to the Home Affordable Refinance Program (HARP 2.0) to attract eligible borrowers who can benefit from refinancing their mortgages.
The HARP program has been extended to Freddie Mac LP Open Access and Fannie Mae DU Refi Plus loans provided the note date is on or before December 31, 2013. Please see Fannie Mae Selling Guide Announcement SEL-2011-12 and Freddie Mac Bulletin 2011-22 for additional details. Chase is currently evaluating the new information and will provide our program guidelines when available.
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Uniform Appraisal Dataset (UAD) Requirements for Agency Loans - Revised
At the direction of the Federal Housing Finance Agency (FHFA) Fannie Mae and Freddie Mac have jointly created a Uniform Appraisal Dataset (UAD) designed to improve appraisal data quality. As a result of the UAD initiative, several appraisal fields have been standardized to ensure consistency in the information entered into these fields. Examples of appraisal changes, include but are not limited to:
- Standardized format for numbers, dates and measures
- Standardized ratings and definitions for “Quality” and “Condition”
- Use of drop down values for certain fields rather than free form descriptions
- Revised abbreviations to allow more data to be displayed on printed appraisal forms
Refer to Chase Correspondent Bulletin CB11-99-Revised for complete details.
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Uniform Collateral Data Portal - Now Available
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Preparing for the Uniform Mortgage Data Program
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