Over a month ago, Eric Schuppenhauer oversaw JPMorgan Chase’s($52.79 -0.36%) home loan defaults and mortgage servicing business.
Now, Schuppenhauer is the head of home loan origination operations, the Dallas Morning News reports.
The industry is shifting away from being servicing minded and reverting back to originations.
“Our originations are up 29 percent year over year” at Chase, Schuppenhauer said. “We absolutely do want to make loans.”