Take a look at the current landscape of international outsourcing in the mortgage industry
Moving mortgage functions to international locations can save money, but there's a long list of hurdles — from coordination between U.S. and foreign resources to regulatory compliance to the impact of weather on distant locales.
Are the savings worth the extra coordination of efforts and other hassles?
Learn more about the benefits and burdens of moving mortgage functions overseas in Inside Mortgage Finance's Guide to Offshoring.
This new special report contains information on:
Offshoring vs. outsourcing: Although the two are often treated as synonyms, they are not the same thing.
Who is offshoring: 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.
Offshoring locations: Most functions being carried out overseas are performed in India and the Philippines. But rising costs in those two nations and demographic changes in the U.S. are prompting companies to look elsewhere.
The potential for offshoring: Is this a practice that's here to stay? Many industry participants are optimistic.
Plus, the Guide to Offshoring includes a mini-directory of middleman companies involved in outsourcing mortgage servicing and origination functions.
Find out if moving some of your mortgage operations overseas is right for you.Order the Guide to Offshoring today to weigh the pros and cons.
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