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Mortgage Firms Are Off-Shoring Leaders.(Brief article)
NEEDHAM, MA -- U.S. mortgage lenders are off-shoring staff resources to reduce labor costs in greater numbers than other financial services firms, according to a TowerGroup study.
Over the last decade, the outsourcing of mortgage-related jobs overseas "has taken a permanent and growing position in the U.S. mortgage industry's overall strategy," the company said.
The TowerGroup said that U.S. mortgage lenders spent $462 million on the off-shoring of loan origination and ...
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