NEWSFLASH: Chase Closing Mortgage Ops Centers

We have just heard that Chase Mortgage will be shutting down some of its retail mortgage loan operation centers. An inside source reported that the Ft. Worth, Dallas and Houston offices in Texas would all be closed as of 2009-11-14 along with another half-dozen or more locations nationwide.

However, JPMorgan Chase spokesperson Tom Kelly said that was incorrect (as to those specific offices). He did confirm that a consolidation of "six relatively small sites into larger facilities" was underway but would not disclose which locations were being shut down. Kelly indicated over 100 employees, mostly in processing and related positions, were being affected by the closures.