"Lien" on Me
No nibbling allowed, disburse at least this much at closing or no pool party for you.
What is minimum 85% draw @ close
This home equity cycle time goal is quicker than a cat on a hot tin roof, aiming to get your application from start to finish before you can say "home sweet home."
What is 21 days from application to final approval?
This percentage of customers with second liens is like a popular club membership—almost everyone wants in, making it the go-to choice for home equity enthusiasts.
What is ~ 80%?
This home equity requirement is like a cover charge at a fancy club-- before you can enjoy the benefits it makes sure to collect a little something at the door to keep the parting going.
What is a 4.99% of the line amount or $1995 origination fee?
At Chase we be like, "insurance? Nah, we trust you… maybe"
What is no HOI verification required when in 2nd lien position?
This is our polite way of saying, "Don't get too greedy with your borrowing- keep it under this magic number or risk a financial timeout."
What is 80% combined loan-to-value (CLTV) or $400,000?
This daily production goal for Client Care Specialists is like a sprinter in a relay race, passing the baton smoothly to keep the cycle time targets on track and the pipeline flowing.
What is 4.0% pipeline closed?
This creditworthiness requirement for home equity customers is like a VIP pass to the financial club—only those with a score high enough to reach the stars can get in.
What is a minimum of a 720 FICO score?
This home equity average loan size target is like the Goldilocks of financing—it's not too big, not too small, but just right for turning your house into a dream home.
What is $120,000 ALS?
This empowerment for the Home Equity CCS is like giving them a superhero cape, enabling them to swoop in and finalize deals with newfound powers.
What is expanded ability to complete closing/support tasks?
This current customer service (CSAT) performance is like a cake that's missing a bit of frosting—sweet enough, but with a little more experience and optimization, it'll be a showstopper!
What is hitting 72%?
This average debt-to-income ratio for our home equity product is like a financial yoga master, maintaining perfect balance and flexibility at just the right percentage.
What is ~ 33%?
Unlike our past offerings, this feature of the new home equity product is like turning a caterpillar into a butterfly—ready to spread its wings and fly into the investment market.
What is securitization?
This automated tax vendor is like a magic wand for your paperwork woes—wave it once, and watch manual work disappear, cycle times improve, and quality errors vanish into thin air.
What is SmartFees?
This home equity draw feature is like a long vacation—enjoy the flexibility and freedom for a period that lasts as long as a toddler's favorite word phase.
What is 3 years?
Achieving this production metric in May was like catching the perfect wave—timing, balance, and a little bit of luck all come together to ride the financial tide.
What is hitting the May budget for funded loans?
This average combined loan-to-value for Chase home equity customers is like a perfectly brewed cup of coffee—strong enough to get you going, but not so much that it spills over the rim.
What is ~ 50%?
This conversion rate target is like a magic trick, transforming applications into funds with the precision of a seasoned magician pulling rabbits out of hats.
What is 60%?
The future home equity application process is like upgrading from a horse-drawn carriage to a sports car—fast, efficient, and so seamless, you'll wonder how you ever lived without it.
What is a fully digital apply flow?
Our HELOC product is all about solo living, so if your neighbors are just a wall away we will just say "not my style"
What are Condos?
This current file quality score is like a student who just passed the final exam—barely making the grade, but with a little more study and experience, they'll be top of the class!
What is a 56% file pass rate?
These top three states for Chase's home equity product are like the rock stars of real estate, where the sun shines, the wind blows, and the Buckeyes grow.
What are California, Illinois, and Ohio?
From a profitability standpoint, hitting this vendor cost target is like finding the sweet spot in a game of darts—right on the bullseye without overspending.
What is $525 per application?
This future optimization feature is like giving customers the keys to their own spaceship, allowing them to navigate the closing process at warp speed and on their own schedule.
What is the ability to self-serve the closing documents and date?