...JPMorgan Chase Bank, N.A. (Chase), a wholly owned subsidiary of JPMorgan Chase & Co., has extensive experience servicing residential mortgage loans and is an approved servicer for Fannie Mae, Freddie Mac and Ginnie Mae securities. Chase's servicing operations are headquartered in Columbus, OH, with multiple servicing sites in the U.S. and in Manila, the Philippines. As of June 30, 2016, Chase's primary and special servicing portfolio comprised more than 5.7 million loans totaling $881.3 billion. The upgrade of the primary servicer of prime product rating to `RPS1-' from `RPS2+' reflects enhancements to Chase's servicing operations that are focused on improving the customer experience and increasing efficiencies. The upgrade, as well as the affirmation of the other primary and special servicer ratings and Stable Rating Outlook, reflects operational improvements, technology enhancements, continued progress on regulatory settlements and consistent internal audit and Regulation AB (Reg AB)...
