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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 26 May 2024 I N D U S T R Y U P D A T E remodeling service in Phoenix, which represented the first consumer service offering in the history of the company, drove the expansion into the Dallas mar- ket where MCS is headquartered and has a local service center. In just six months, the Phoenix home remodeling team has helped dozens of homeowners upgrade their home by remodeling kitchens and bathrooms, converting rooms to more functional space, repairing and replac- ing outdated materials, and other light construction projects. "The demand for quality, reliable home renovation continues to grow, and MCS is excited to expand our home remodeling service to the Dallas market," notes Andrew Nolan, President of Resi- dential & Commercial Services at MCS. "Our company has been providing prop- erty maintenance and light construction nationally for real estate operators since 1986, and now we are delivering our full slate of services to local homeowners. Our rapid success in the Phoenix market confirms the strong demand for this service, and we look forward to helping Dallas-area residents on their remodel- ing projects." With this new home remodeling service, the MCS team is able to perform numerous services for Dallas-area home- owners: » Kitchen remodeling including appliances, countertops, cupboards, flooring, lighting, and plumbing; » Bathroom remodeling such as countertops, tile, plumbing, bath and shower upgrades, and lighting; » Room additions and conversions for extra living or work space, casitas, and mother-in-law suites; » Enhancing outdoor living spaces with fencing, kitchens, pergolas, and patio upgrades; and » Light construction work to help modernize and enhance all areas of a home. The new Dallas home-remodeling service is managed by Kelly Carney, who serves as the Operations Director for the company's local DFW service center. Carney has over three decades of extensive experience with renovation and new-build projects throughout the market and has a team of local service technicians, project managers, installers, plumbers, electricians, and estima- tors available to perform and deliver high-quality work. As needed, the Dallas team partners with specialized sub- contractors on specific trade services to ensure projects are completed effectively, efficiently, and on budget. "Home improvement work requires hands-on care, attention, and oversight," Kelly adds. "Whether it's a small remodel or a full building addition, our local team, backed by MCS' national presence, has the expertise and skills to deliver exceptional home remodeling services with a client-fo- cused approach across the DFW market." JPMORGAN CHASE INCREASES HOUSING AFFORDABILITY COMMITMENTS J PMorgan Chase is increasing its housing affordability commit- ments across the United States with expanded philanthropic capital and consumer lending products. At an event in Washington, D.C., the firm announced $20 million in new philanthropic fund- ing to organizations across the United States working to expand homeown- ership opportunities for underserved communities. In addition, the firm also announced an expansion of its homebuyer grant and DreaMaker mortgage programs. Specifi- cally, Chase Home Lending will increase its homebuyer grant from $5,000 to $7,500 in 8,500 neighborhoods across the United- States, which customers can use to lower their interest rate and/or reduce closing costs and down payment for purchases of properties in communities identified by the U.S. Census as majority-Black, Hispan- ic, or Latino. Chase is also removing the current income limit for its 3% down Drea- Maker mortgage program in communities where the $5,000 or $7,500 Homebuyer Grant is available—benefitting more than 15,000 communities nationwide. "Healthy communities are integral to our business model, and affordable housing opportunities are vital to creat- ing strong communities and building in- tergenerational wealth," said Tim Berry, Global Head of Corporate Responsibility, JPMorgan Chase. "The private sector has an important role to play alongside nonprofit organizations and policymak- ers in advancing housing affordability, including increasing access to homeown- ership. Today's expanded commitments are part of the firm's holistic approach to mobilizing resources and expertise to "Healthy communities are integral to our business model, and affordable housing opportunities are vital to creating strong communities and building intergenerational wealth." —Tim Berry, Global Head of Corporate Responsibility, JPMorgan Chase