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Chase Mortgage Servicing

JPMorgan Chase is the largest bank in the United States and one of the top mortgage servicers by volume. Chase services a diverse portfolio of GSE, FHA, VA, and portfolio loans through its consumer ba…

30+ Years Experience Nationwide Service Fast Response Confidential

Portfolio Size

$400+ billion servicing portfolio (top 5 bank servicer)

Customer Service

800-848-9136

Loss Mitigation

888-356-0023

Website

Chase.com

Loss Mitigation Programs

Chase offers the following loss mitigation programs. Availability depends on your loan type (FHA, VA, USDA, GSE conventional) and investor guidelines. Not all programs are available for all loans.

Flex Modification (Fannie Mae/Freddie Mac)
FHA loss mitigation waterfall (FHA-HAMP, partial claim, streamlined)
VA loan modification and VA refunding
USDA Special Loan Servicing
Chase-specific portfolio modification programs (for loans Chase owns)
Forbearance: short-term and long-term (3-12 months)
Repayment plans: 3-12 months
Payment deferral at end of forbearance

Servicing Practices

  • Integrated with Chase consumer banking platform (single sign-on for banking + mortgage)
  • Extensive branch network for in-person servicing inquiries
  • Dedicated Chase Home Lending division for servicing and loss mitigation
  • Advanced online servicing portal (Chase.com)
  • Mobile app with integrated mortgage management
  • Large in-house compliance department

Foreclosure Timeline

Chase generally follows GSE/FHA timelines (120+ days to referral). However, Chase's post-National Mortgage Settlement compliance infrastructure has resulted in more deliberate foreclosure processing — more documentation, more internal reviews — which can mean longer timelines than non-bank specialty servicers. In non-judicial states, Chase foreclosures typically complete in 120-200 days from referral. In judicial states, timelines vary by jurisdiction. Chase has consent order obligations that require specific procedures before foreclosure.

Consumer Complaint Patterns

Chase consistently ranks among the top CFPB complaint recipients, though this is partly a function of its size (the #1 bank by assets). Common categories: struggling to pay mortgage, loan modification application process, escrow account handling, and payment processing. Chase's complaint resolution rate is generally better than non-bank servicers — the bank has invested in complaint response infrastructure. However, the sheer volume (driven by portfolio size) means individual borrowers can still face significant delays.

Regulatory Actions & Enforcement

Chase was a party to the National Mortgage Settlement (2012) and Independent Foreclosure Review. The CFPB has issued multiple consent orders against Chase related to: credit card practices (not mortgage-specific), mortgage servicing deficiencies, and fair lending violations. In 2015, Chase settled CFPB charges related to illegal credit card debt collection practices. In mortgage servicing, CFPB supervisory examinations have resulted in MRAs that Chase has generally resolved.

Homeowner Tips for Working with Chase

1. Use Chase's branch network — you can make an in-person appointment with a Chase Home Lending advisor who can access your servicing file. 2. Chase's loss mitigation department (888-356-0023) is separate from general customer service and more knowledgeable. 3. Chase's online portal allows document upload with tracking — use this for submission, but also retain certified mail copies. 4. If your loan is a Chase portfolio loan (Chase originated and holds it, not Fannie/Freddie/FHA), Chase has more flexibility on modification terms — ask specifically about portfolio modification options. 5. Chase's compliance infrastructure means documented RESPA/TILA violations are more likely to be taken seriously at the compliance level.

How Professional Law Assist Helps with Chase Foreclosures

Chase's size means systemic issues can affect individual borrowers despite generally robust compliance infrastructure. We audit servicing files, identify RESPA/TILA violations, escalate to Chase's legal and compliance departments, and ensure proper processing of loss mitigation applications. Chase's post-settlement compliance posture makes documented violations particularly effective leverage.

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Frequently Asked Questions — Chase

Does Chase still do foreclosures?
Yes. Despite the National Mortgage Settlement and consent orders, Chase continues to foreclose on delinquent mortgages. However, Chase's foreclosure processes are now more heavily documented and reviewed than pre-2012, which can create defenses if procedures are not followed correctly. Chase must follow specific pre-foreclosure review procedures as part of its settlement obligations.
What's the difference between a Chase portfolio loan and a Chase-serviced GSE loan?
A Chase portfolio loan is one where Chase originated and continues to own the loan — it's not owned by Fannie Mae or Freddie Mac. For portfolio loans, Chase has discretion to modify terms beyond standard GSE programs, including principal reduction in some cases. A Chase-serviced GSE loan follows Fannie/Freddie guidelines with less flexibility. Call Chase and ask: 'Who owns my loan?'
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