NEW CHASE OUT-SOURCE LIST (AUG 2013)


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NEW CHASE OUT-SOURCE LIST (AUG 2013)

As the REO world shrinks, banks are also shrinking their out-source vendors. Some of the out-sourcers that have been CUT are:  Green River Capital, Atlas REO Services, New Vista Asset Management & REO World. Chase currently uses an out-source strategy and according to Chase they do not list Chase properties directly with local brokers or agents. Agents listing Chase properties are actually working for a third party who has the primary responsibility for marketing Chase properties. The agent’s contractual relationship is with the third party firm.

A current list (August 2013) of third-party Asset Management Companies responsible for marketing Chase properties and their contact information is provided in the link below for your reference. You can reach out to them directly via email if you are interested in listing Chase properties.*

chase_outsource_list_banners

You can also search your city to see if Chase has any properties for sale. Visit the Chase website and enter your state and city on the Quick Search. This will give you an idea as to how much activity Chase has in your city.

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21 comments for “NEW CHASE OUT-SOURCE LIST (AUG 2013)

  1. December 20, 2013 at 10:45 pm

    Poncie,

    Just wanted to say Thank you for all the great info all yr long. I was able to get some small BPO’s from a division of Chase thanks to you. I am very grateful for your generosity! Wishing you and your family a Great Christmas season!

    Merry Christmas!!!

    Michael Cirone
    IL Managing Broker Owner
    Genoa, IL. 60135
    http://www.3RosesRealty.com

  2. Michael Shannon
    August 23, 2013 at 10:24 am

    Precision Asset told me they lost Chase. Two properties were immediately transferred to Select Portfolio Services, and one went to Green River Capital

  3. Margaret Loudermilk
    August 14, 2013 at 3:28 pm
  4. Chris Holverson
    August 14, 2013 at 3:26 pm

    Yes & NO. .. (yes) Chase did actually outsource to 12 companies. (Though I haven’t looked at the new list yet.)
    Everyone including Chases VP & Area REPS & LOAN OFFICERS will tell you theyu don’t manage their own homes. .. .
    (NO) Chase does have some listings handed directly by Chase.
    They Managed directly by Chase & Usually Underwritten by Chase / USDA.

    Chris Holverson
    Real Estate Professional
    Reliance Brothers, llc,
    Secure Real Estate

    Provo, Utah

  5. Rolanda Amos
    August 14, 2013 at 3:11 pm

    very informative..thanks

    By Rolanda Amos
    Realtor
    Greater Nashville

  6. Mickelin Burnes-Browne
    August 14, 2013 at 1:54 pm

    Nice. Thank you
    By Mickelin Burnes-Browne
    Broker at Mickelin Burnes-Browne
    San Francisco

  7. Janelle Peat
    August 14, 2013 at 8:17 am

    This article is incorrect- Green River Capital did NOT get cut. We are one of the 3 remaining outsourcers for Chase. Don’t believe everything you read….

  8. Janelle Peat
    August 14, 2013 at 8:15 am

    Don’t believe everything you read folks! People should check their facts before putting them into print. Green River Capital did NOT get cut…we are one of the 3 remaining outsourcers for Chase.

  9. J.H.
    August 12, 2013 at 12:22 pm

    Don’t believe everything you read folks. People should check their facts before putting anything into print. Green River did NOT get cut. They are one of the remaining 3 outsourcers for Chase.

    • Leigh OConnor
      August 12, 2013 at 5:21 pm

      I was told by my Chase regional rep that only 24 asset & GRC are left. Who is the 3rd amc?

      • Janelle Peat
        August 14, 2013 at 8:19 am

        NRT

  10. Jay Steeves
    August 9, 2013 at 11:15 am

    Poncie, Thanks, BUT, As of this week, My AM at Precision told me they were not doing any more CHASE…SO..What gives

    Jay Steeves
    http://www.Regionalrealtor.com
    Calcagni Associates
    Licensed in Connecticut

    • Janelle Peat
      August 14, 2013 at 8:20 am

      His article is incorrect. It’s GRC, NRT and 24.

      • August 14, 2013 at 9:43 pm

        Hello Janelle,

        Our information came direct from Chase. We have sent you proof. If you have further questions, contact Chase direct.

        Thank you, [poncie.com]

        • Janelle
          August 15, 2013 at 3:36 pm

          Thank you for the email Poncie. We have contacted Chase and they will be in contact with you to correct the miscommunication about which outsourcers they are currently using.

  11. Ed Tobey
    August 9, 2013 at 7:58 am

    Reimbursement platforms are for the convenience of asset management not agents. The charge for the inconvenience. I’d rather not take listings requiring reimbursement platforms unless it’s a good one.

  12. Ianne Dickinson
    August 8, 2013 at 3:11 pm

    I just had a Chase listing with NRT that was pulled and the new company is Select Portfolio Servicing. I did not see them on your list.

    • bonnie hall
      August 9, 2013 at 4:16 am

      I just had the same thing happen… But NRT is on the approved list for Chase properties. I don’t understand. Mine went to Select Portfolio also.

      • Janelle Peat
        August 14, 2013 at 8:23 am

        Chase entered into an agreement to service released a series of assets to SPS.

    • Ed Tobey
      August 9, 2013 at 7:55 am

      I had a Chase listing and one good offer. Chase instead ran it thru 3 online auctions and sold it for $20000 less just before servicing was transferred from Precision to SPS. I get $750 but will lose over $400 in reimbursements due to LPS reimbursement difficulties. So Precision seems to have lost Chase also.

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