Chase to Lay Off More than 500 Mortgage Employees in North Texas

More than 500 of JPMorgan Chase’s mortgage finance employees in the North Texas area are set to lose their jobs in October as the bank scales back its trouble loan assistance operations in the wake of a recovering housing market.

The headlines are scary for mortgage field service inspectors. Mortgage delinquency interviews, drive-by inspections and property preservation tasks are slowing because of an improving economy. Fees in the MORTGAGE SEGMENT may decrease as more mortgage field service representatives will be chasing after fewer mortgage inspections. I suggest that you focus on the $20 – $60 plus commercial inspections.

The world is getting better for most commercial and insurance field service representatives as the economy improves. Unfortunately, the mortgage segment does best when the economy is in a death spiral.