Review on Chase Capital Partners by Eddie Timbeross
Tremendous entry
Chase Capital Partners bank is a prominent banking and financial services organization of Chase Bank that is located in New York. The bank is primarily known for its involvement in the financing of mortgage loans through home equity loans. The company is a member of the Federal Home Loan Mortgage Corporation (FMCC) and the Federal Reserve System. This institution is one of the largest and most significant commercial banks in the United States, with branches in thirty-three states.
Chase Capital Partners bank has branches in Chicago, Dallas, Denver, Las Vegas, Manhattan, Los Angeles, Nashville, Salt Lake City, Sarasota, San Diego, Seattle, Tampa, and Washington, D. C. The total area of these local branches is close to two hundred and sixty-thousand square feet, which accounts for approximately thirteen million square feet of space. This represents a significant portion of the real estate market in the New York metro area. This means that any investment in this local real estate is going to yield a significant return. In addition, Chase Capital Partners bank is well known for making its lending process easy for its customers. This has resulted in a good customer base for this bank, which has led to an increase in its loan sales and revenue.
The loan documentation required by Chase Capital Partners bank consists of two components: trust accounting and trust fund accounting. The trust account includes all loan payments, as well as a variety of other payments such as payoffs, dividends, capital gains, interest earned, and other charges. The trust fund includes the loans sold to other financial institutions and to individual buyers.
When it comes to the billing element of the loan, the process is composed of two elements: local and national. There are currently two Chase Capital Partners bank loan processing systems in place, which allow customers to choose between these two processes. Customers can choose local processing, which is executed on the local level and which requires contact with local clients. The national processing system is able to accept all loan applications from all customers, regardless of their local location. National processing may be slower than local processing, however, which may result in an increased charge for the loan.
Any time a Chase Capital Partners bank loan application is processed by Chase, it must submit information regarding the types of fees that will be assessed. These fees vary, depending upon the type of loan involved. For example, a home equity loan will result in one set of fees, as opposed to several different fees when it is repaid through a conventional loan. Chase Capital Partners bank will always advise its customers to carefully review all loan documents in order to determine the exact fee structure that will be charged on their particular loan.
All loan paperwork, including the trust accounting and loan documentation, must be submitted to Chase in a timely manner. In the case of a local loan, this usually means three to four weeks. For larger or more exotic loans, this may be extended to six months to a year. If there are any errors or delays in submitting the loan paperwork or if the final loan amount is not received by Chase in a timely fashion, this could result in additional charges to the borrower.
Pros
- Fine planning
- Pronounced freedom of information act motivation
Cons
- Frightful alliance
