JPMorgan Chase & Co. is an American multinational banking and financial services holding company.

It is
the largest bank in the United States, with total assets of US$2.6 trillion. It is a major provider of financial
services, and according to Forbes magazine is the world's third largest public company based on a composite
ranking.[4] The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States.
[5]

The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[6]

The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, J.P. Morgan Asset
Management, private

banking,

private wealth

management and treasury

&

securities

services divisions. Fiduciary activity within private banking and private wealth management is done under the
aegis of JPMorgan Chase Bank, N.A.the actual trustee. The Chase brand is used for credit card services in
the United States and Canada, the bank's retail banking activities in the United States, and commercial
banking. The corporate headquarters are in 270 Park Avenue, Midtown, Manhattan, New York City, New York,
U.S.; and the retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois,
U.S.[6] JPMorgan Chase & Co. is considered to be auniversal bank.
JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells
Fargo According to Bloomberg, as of October 2011, JPMorgan Chase surpassed Bank of America as the
largest U.S. bank by assets.[13] Its predecessor, the Bank of the Manhattan Company, was the 22nd oldest
bank in the world.
About Us
JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history
dating back over 200 years, here's where we stand today:

We are a leading global financial services firm with assets of $2.6 trillion.

We operate in more than 60 countries.

We have over 240,000 employees.

We serve millions of consumers, small businesses and many of the world's most prominent corporate,
institutional and government clients.

We are a leader in investment banking, financial services for consumers and small businesses,
commercial banking, financial transaction processing and asset management.

Our stock is a component of the Dow Jones Industrial Average.

About Us
Since our inception over 200 years ago, we've evolved to offer the whole spectrum of global banking and
financial services, and in many cases, we've helped define them. It is the combination of character, product
strength and intellectual capital that sets us apart as an industry leader. We invented the concept of
relationship banking back in the nineteenth century, and we are still doing first-class business in a first-class
way.

Today, we work together across our businesses and around the globe to meet the complex financial needs of
corporations, governments, private firms, financial institutions, non-profit organizations and individuals.
At J.P. Morgan, we try not to overemphasize league tables or awards, but in recent months, our years of focus
and discipline have earned us some extraordinary recognition for our performance relative to our peers.

Fortunes Number 1 Most Admired Company in the world among Megabanks, 2012, 2013 and 2014

Universums IDEAL Employer among U.S. undergraduate students, 2014

Universums Worlds Most Attractive Financial Services Employer for undergraduate students, 2013

Vault Banking 50s Number 1 Employer, 2013

In addition, we've been a recognized leader in helping to create a stronger, more diverse workplace by
numerous organizations and publications. Learn more about our diversity awards.
MB Project Associate
Description
As Project Associate for Loan Administration - Indexing/Privacy Review, you will be responsible for the correct
identification and online classification of loan documents captured within our imaging operation. Once
documents are classified, you are responsible for releasing the documents into the corporate image
repository. Document knowledge and accurate classificaiton are critical to success. In this role, you will also
review loan information on the documents and report exceptions found. You are responsible to assess overall
image quality and provide feedto capture teams.
Qualifications

Computer Literate

Basic Written and Verbal English Communication Skills

Analytical and problem solving abilities

Mortgage background and/or Mortgage Document familiarity is an advantage.

Banking is a business of accepting deposits and lending money. It is carried out by financial intermediaries,
which performs the functions of safeguarding deposits and providing loans to the public.
In other words, Banking means accepting for the purpose of lending or investment of deposits of money from
public repayable on demand and can be withdrawn by cheque, draft order and so on.
Banking Company: Any company, which transacts the business of banking

Banking System is a principal mechanism through which the money supply of the country is created and
controlled. The banking system enables us to understand Commercial Banks, Secondary Banks, Central
Banks, Merchant Bank or Accepting Houses and Discount Houses but to exclude the Saving Banks and
Investment and other intermediaries.
DEFINITION OF 'MORTGAGE'
A debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay
back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large
real estate purchases without paying the entire value of the purchase up front. Over a period of many years,
the borrower repays the loan, plus interest, until he/she eventually owns the property free and clear. Mortgages
are also known as "liens against property" or "claims on property." If the borrower stops paying the mortgage,
the bank can foreclose.
INVESTOPEDIA EXPLAINS 'Mortgage'
In a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the
house should the home buyer default on paying the mortgage. In the case of a foreclosure, the bank may evict
the home's tenants and sell the house, using the income from the sale to clear the mortgage debt.
Mortgages come in many forms. With a fixed-rate mortgage, the borrower pays the same interest rate for the
life of the loan. Her monthly principal and interest payment never change from the first mortgage payment to
the last. Most fixed-rate mortgages have a 15- or 30-year term. If market interest rates rise, the borrowers
payment does not change. If market interest rates drop significantly, the borrower may be able to secure that
lower rate by refinancing the mortgage. A fixed-rate mortgage is also called a traditional" mortgage.
With an adjustable-rate mortgage (ARM), the interest rate is fixed for an initial term, but then it fluctuates with
market interest rates. The initial interest rate is often a below-market rate, which can make a mortgage seem
more affordable than it really is. If interest rates increase later, the borrower may not be able to afford the higher
monthly payments. Interest rates could also decrease, making an ARM less expensive. In either case, the
monthly payments are unpredictable after the initial term.
Mortgage
A legal agreement that conveys the conditional right of ownership on
its owner (the mortgagor)
to
a
lender
(the mortgagee)
The lender's security interest is recorded in the register of title
public information, and is voided when the loan is repaid in full.

an asset or property by
as security for
a loan.
documents to make it

Virtually
any
legally
owned
property
can
be
mortgaged,
although real
property (land and buildings) are the most common. When personal property (appliances, cars,
jewelry, etc.) is mortgaged, it is called a chattel mortgage. In case of equipment, real property,
and vehicles, the right of possession and use of the mortgaged item normally remains with the
mortgagor but (unless specifically prohibited in the mortgage agreement) the mortgagee has the
right to take its possession (by following the prescribed procedure) at any time to protect his or
her security interest. In practice, however, the courts generally do not automatically enforce this
right when it involves a dwelling house, and restrict it to a few specific situations. In the event of

a default, the mortgagee can appoint a receiver to manage the property (if it is
a business property) or obtain a foreclosure order from a court to take possession and sell it. To
be legally enforceable, the mortgage must be for a definite period, and the mortgagor must have
the right of redemption on payment of the debt on or before the end of that period. Mortgages
are the most common type of debt instruments for several reasons such as lower rate of
interest (because the loan is secured), straight forward and standard procedures, and a
reasonably long repayment period. The document by which this arrangement is effected is called
a mortgage bill of sale, or just a mortgage.