What is Standalone?

A Standalone Chase Home Equity product is sold to a client when no first mortgage application is being taken.

Rochester will fully process and close this file.

With the Standalone process, the retail loan officer takes an application for a second mortgage only and transmits the application to Rochester. Rochester will register, underwrite, process and close the home equity line/loan.

Standalone Process Steps
1) Take application in LoanSoft.
2) Transmit application to ACAPS.
3) Rochester acknowledges receipt with an e-mail to the loan officer.
4) Rochester will underwrite, process and close the file.