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Chase Mortgage Chief Sought

Tom Wind moves to Lehman Brothers

August 15, 2006

By COCO SALAZAR


photo of Coco Salazar

An executive search is on for a new chief at Chase Mortgage.

The hunt started about two weeks ago, when Chase informed employees that Tom Wind decided to leave the firm, according to an e-mail statement from spokesman Tom Kelly, who did not disclose the reason for Wind's departure.

"His leadership and dedication over the last two years have helped create a stronger and more effective mortgage business, and we thank him for his contributions," the Chase statement read. "We will move quickly to name a successor to Tom because the mortgage business is important to our customers and to our company."

Wind is now listed in Lehman Brothers' system as managing director of its mortgage capital division, company spokeswoman Tasha Pelio told MortgageDaily.com. She had no further comment.

Along with notice of Wind's exit, Chase also told employees that it will build on the momentum of the last several quarters in the mortgage operations by continuing to invest in the business, adding loan officers, further expanding the product mix and upgrading technology.

Chase's mortgage volume reportedly jumped to $50.5 billion in the second quarter from the previous quarter's $40.6 billion.


Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.

e-mail: [email protected]



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