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Mortgage production has been humming along at all-time highs of late and the increased volume is fueling mortgage employment growth, which has already been trending higher for several years. And the packed pipelines and personnel shortages are leading to explosive salary growth, staffing raids and large signing bonuses.
For years, mortgage companies — servicers in particular — have looked overseas for an employment solution. By some estimates, the majority of the top 25 lenders and top 50 servicers are handling at least some functions in facilities outside the U.S., whether they own the companies or contract with a third party.
The move can save money. But are those savings worth the extra coordination of efforts and other hassles?
Learn more about the benefits and burdens of moving mortgage functions to international locations in Inside Mortgage Finance’s Guide to Offshoring.
The special report contains information on:
- Offshoring vs. outsourcing
- Who is offshoring
- Offshoring locations
- Offshoring resources
- The potential for offshoring
Order and download your copy today.