JPMorgan Chase has named Thanh Roetelle the head of warehouse lending for its bank division, putting him in charge of managing the company's five major warehouse lending clients including Quicken Home Loans, industry officials said.
A spokesman for Chase confirmed that Mr. Roetelle is heading the effort but had little other information as National Mortgage News Online went to press. The warehouse division is based in Houston.
There have been unconfirmed reports that Chase might possibly try to grow its warehouse business, even modestly, but the spokesman said he knew of no such plans. However, warehouse officials said there could be some announcement from Chase about its warehouse business at the upcoming Western Secondary conference in San Francisco. When it comes to warehouse, Chase is not funding any wholesale originators.