Note the WSJ article Page B-4 today 5/28/13 and only through a paid subscription online—-“Mortgage Jobs Sent to India By U.S. Banks”  –indeed while this is not exactly new—– If you caught my post trying to get information on Countrywide/Bank of America’s, I explained that “NO PAPER IS BEING SHUFFLED“, and that they could not keep up with the work load of incoming orders.(from my source in 2010). Pay close attention to this picture because this is exactly as it was with the modifications!

 

 

from an emailed tip–

The outsourced services include assembly of all the loan documents needed to foreclose——also all the decision-making documents and analysis to recommend “modifications” –or not to modify.

anybody that ever ran into a credit card issue with Vicram Pandits Citbank unit should be very familiar with how this will work out……….the largest advantage to banks I see is that they will not risk some gumshoe tracking down a Korell Harp at DOCX and getting him to describe how they operate

I do not see how anybody at a bank could testify on the process either—–that the documents were verified etc—–is your original note going to fly to India–that is part of the file that is of critical importance—-how can someone in India assert that the ban in fact has possession of a document thousands of miles away—–so much for DUE PROCESS