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| As JPMorgan Chase & Co. recruits hundreds of servicing employees, it is cutting jobs and ending operations at its construction unit.The New York-based company is adding 130 mortgage servicing jobs in Columbus, Ohio, a spokesman said today in a statement to MortgageDaily.com.
He noted that Chase expects to “hire hundreds more for loss mitigation and loan modifications in the next few months.” On Feb. 12, Chase said it had already opened four homeownership centers in three California counties and planned to open another nine in the state that week. Centers were also planned for several more states in March. Chase told MortgageDaily.com at the time that around 24 sites were expected to be operating with five to seven people per site. But the news wasn’t so good at its construction lending unit. The spokesman said today that Chase would exit the business — impacting around 60 positions. “It is not a core component to our lending strategy,” he said. |
