Why aren’t mortgage brokers and lenders hiring loan processors from home?

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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?

1 Comment
  1. Reply
    Rob B, of MD
    February 16, 2011 at 7:44 am

    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!

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