Chase Correspondent Lending to Add Imaged File Delivery Capability

Initial phase to roll out in September
Initial phase to roll out in September

RISMEDIA, July 31, 2006?Chase Correspondent Lending, one of the nation’s largest residential mortgage investors, has announced it will accept indexed imaged loan files via secure delivery methods.

In September, Chase will roll out its initial program phase, simplifying the loan delivery process for customers who can deliver imaged loan files indexed to Chase standards. In subsequent phases later this year, Chase will increase its flexibility by including additional imaging delivery methods. In addition to expedited funding, customers will enjoy other benefits including reduced manual processes, clerical errors, shipping costs, and other time-consuming steps.

?By expanding our technology tools and services, we can strengthen our relationships with existing customers while attracting new customers who want to do business with investors who offer robust technology portfolios,? said Correspondent Channel Executive Greg Beliles. We also are excited about the incremental cost and labor savings and increased efficiencies.

Customers who currently index to the Chase standards have several choices of secure delivery methods through which they can upload their files to Chase. Customers who rely on a third-party vendor to index their files can work through VirPack for indexing solutions and delivery while Chase works to expand indexing vendor options.

Chase Home Mortgage services a portfolio of more than $500 billion in residential mortgage and home equity outstanding balances. Its parent company, JPMorgan Chase & Co. (NYSE:JPM), is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. Information about the firm is available at www.jpmorganchase.com.

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