Mortgage Daily

Published On: January 28, 2016

Chase Bank plans to eliminate 135 jobs at its downtown Milwaukee office in March.

JPMorgan Chase & Co. said it permanently will lay off employees in its mortgage banking customer assistance unit in the Chase Tower, 111 E. Wisconsin Ave., on March 26.

“This affects our mortgage servicing and default staff,” said Chase spokeswoman Christine Holevas. “As the economy continues to improve, we’re seeing far fewer homeowners struggle with their mortgages and the vast majority have already refinanced. The volumes have decreased and we no longer need as much staff as before.”

After the reduction, Chase will have about 1,400 employees in the Milwaukee area, most of them located at the Chase Tower.

The tower personnel includes a large home-equity unit with about 500 workers.

Also employed at the tower are a variety of bankers — personal, commercial, private wealth and treasury — and back-office support staff.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN