Wholesale Lending Services (WLS) services several lines of businesses within JPMorgan Chase, including Business Banking, Global Wealth Management, Investment Banking and Commercial Banking. The group consists of approximately 1,500 employees and is responsible for over $500 billion in loans outstanding.Located Globally, the WLS’s Loan Servicing Center is responsible handling loan servicing processing such as loan research and maintenance, loan payments, advances and terminations. The team is also responsible for booking, funding and closing new loans, renewals, and amendments for syndicated and non-syndicated Commercial Loan products Collateral functions include loan documentation preparation, documentation review, releases, image scanning and documentation storage. Specialized functions include special credits processing, letters of credit and specialized loan and agency handling. Key loan system used are ACBS, Loan IQ and VLS.
Keyword: home%20lending