Chase Aims for 57% Mortgage Team Boost with 850 New Hires

JPMorganChase plans to hire 850 Home Lending Advisors and increase mortgage lending by more than 40% as part of its $750 billion housing initiative. This move aims to help 500,000 customers purchase homes, including 200,000 first-time buyers.

The bank's goals include financing 1 million affordable housing units and supporting homeownership through new digital tools, down payment assistance, and partnerships with outside organizations to lower mortgage costs.

Chase currently has more than 1,500 Home Lending Advisors, but the addition of 850 positions would increase its retail mortgage team by roughly 57%. This expansion comes at a time when high mortgage rates, home prices, and limited inventory are keeping many prospective buyers on the sidelines.