twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.


New Mortgage CEO at Chase

Kevin Watters has just 2 years' experience in mortgage lending

Dec. 18, 2012

By Mortgage Daily staff


The nation's second-biggest residential lender, JPMorgan Chase & Co., has a new chief executive officer for its home loan business. The executive has just two years' experience in mortgage lending, though he has been at the bank for more than a decade.

An announcement Tuesday indicated that Kevin Watters is being named CEO of mortgage banking at the financial services behemoth.

Watters replaces Frank Bisignano, who took over the unit in February 2011. Bisignano became co-chief operating officer of JPMorgan Chase & Co. in July.

Including time at Bank One, which was previously acquired by Chase, Watters has been with the New York-based company for 13 years.

While at Chase, he ran mortgage origination and led the customer experience across mortgage banking. He moved to mortgage lending from business banking in June 2010 and oversaw production from the retail, consumer direct, correspondent lending and rural housing channels.

photo of Kevin Watters
JPMorgan photo of Kevin Watters

Walters obtained a bachelor's degree from Lehigh University and an MBA from the University of Virginia.

The mortgage business now falls within the consumer and community banking division. Watters will report to the co-CEO of the division, Gordon Smith.

In today's announcement, Bisignano said Watters was one of the key architects of a return to profitability for mortgage banking.

His new boss also praised him.

"Under his leadership, we have achieved record revenue and net income in mortgage originations, improved our market share, and perhaps most important, greatly improved our customers' experience at Chase," Smith said in the news release. "He's a great leader, colleague and culture carrier."

Watters takes over a business that had $147 billion in residential production last year -- making it the second-biggest mortgage originator behind Wells Fargo & Co. This year, Chase is on track to exceed $170 billion.

Chase serviced $815 billion in mortgages for third parties as of Sept. 30, while it owned an additional $181 billion in residential loans.

Chase profile

next story

back to current headlines


Bank news


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders