Wingspan Acquires JPMorgan Servicing Operation

Posted by Orb Staff on February 26, 2013 No Comments
Categories : Mortgage Servicing

13378_dollar_circle Wingspan Acquires JPMorgan Servicing Operation Wingspan Portfolio Advisors, a Dallas-based diversified component and special mortgage servicer, has entered into an agreement with JPMorgan Chase to acquire its mortgage servicing operation in Melbourne, Fla.

As part of the agreement, Wingspan will offer positions to more than 400 Chase employees and has acquired the lease of the Melbourne office building. The acquisition brings Wingspan to almost 2,000 employees in four locations in Texas and Florida, with approximately 420,000 square feet of office space. Wingspan will now assume all operations on-site and provide services to Chase, as well as to others seeking support.

‘This is big news for us, and we see it as indicative of where our industry is headed,’ says Wingspan CEO and President Steven Horne. ‘We are now fully equipped to meet the needs of clients as they downsize the scale of their default servicing operations.’

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