JPMorgan Chase, the nation's second largest home loan originator, has named Kevin Watters CEO of mortgage banking.
Previously, Watters was head of mortgage originations and the customer experience, in which he led Chase's four mortgage production channels: retail, consumer direct, correspondent lending and rural housing. Watters was also responsible for marketing, product management and the executive office. He transitioned to mortgage banking in June 2010 from business banking, where he served as CEO for five years.
‘We're so pleased to expand Kevin's responsibilities as CEO of Mortgage Banking,’ says Gordon Smith, co-CEO of consumer and community banking at JPMorgan Chase. ‘Under his leadership, we have achieved record revenue and net income in mortgage originations, improved our market share, and perhaps most important, greatly improved our customers' experience at Chase. He's a great leader, colleague and culture carrier.’