Did you know that big banks like Chase hired “Burger King Kids” to process mortgages

Did you know that big banks like Chase hired “Burger King Kids” to process mortgages?

JPMorgan & Chase had a cute name, the “Burger King Kids,” for the workers with little no experience or qualifications it hired to process the reams of mortgages it plowed through at the height of the housing bubble. These walk-in hires “barely knew what a mortgage was,” writes the New York Times. The newbies Citigroup and GMAC/Ally Bank outsourced the work to sometimes tossed paperwork into the garbage can.

Some of the national mortgage field service firms have loaded their office cubicles with temporary workers.