Mortgage Jobs Sent To India By U.S. Banks

indi-MMAP-md

WSJ … NEW DELHI—As U.S. banks struggle to maintain margins amid growing regulatory demands, some of them have started to outsource part of the onerous work involved in servicing mortgages and processing foreclosures to India’s major technology companies. The Indian outsourcers say they won’t be giving final approval for banks to foreclose on loans. Instead, they’ll make sure that the documents are in order so the banks can sign off.

Leave a comment