Why aren’t mortgage brokers and lenders hiring loan processors from home?
Carmen W asked:
What are some “cons” as to why mortgage brokers and lenders aren’t hiring their loan processors from home? Especially in the new age of “paperless” offices?
What are some “cons” as to why mortgage brokers and lenders aren’t hiring their loan processors from home? Especially in the new age of “paperless” offices?
Because of the privacy issues with borrowers credit information, for one - the Lender has control over what is in its own offices. Also, as for the brokers, they’re on the road, often, anyway, so when they do need to return to a desk, it should be at the office. I hope this helps.
Good luck!