U.S. Mortgage Servicers are Outsourcing Overseas, But Retaining Core Competencies, Moody’s Finds
March 31, 2006
U.S. residential MBS servicers, like many other American industries, are increasingly outsourcing some of their functions overseas in an effort to reduce costs – a five-year-old trend that is likely to gain steam, according to a new report by Moody’s Investors Service. But servicers want to keep their core competencies “made in the USA,” according to the report, “International Business Process Outsourcing Is Growing for U.S. Mortgage Securitization Services.” …