Stephen Rotella has been promoted to the newly created post of chief operating officer of Chase Home Finance, formerly Chase Manhattan Mortgage.

Mr. Rotella, 45, will continue to oversee post-production, servicing, technology, and underwriting. He reports to Tom Jacob, chairman and chief executive officer of the Chase Manhattan Corp. unit.

Mr. Rotella was previously an executive vice president in charge of servicing, though in the last year he was given added responsibility for technology, underwriting, and post-production.

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