A Virtual captive can be considered advantageous due to smaller financial risk at the initial investment and local presence and experience of the provider can decrease the set up and operational risks.
The model provides an opportunity for SMEs to be flexible and ensure continuity in operations.
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Offshoring may encounter some resistance with the cries that the practice is similar to exporting jobs. Such arguments ignore the offshoring benefits to enhance organisation capabilities & the essence of comparative advantage between economies.
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Considering the competitive nature of the mortgage industry, financial institutions and businesses can streamline operations and revamp portfolios based on the market requirements.
Another benefit of mortgage service offshoring is the work passed onto a competent service provider who has the required manpower to ensure timely project completion.
by admin Careers Join Our Team Under Writer – US Mortgage Roles & Responsibilities Responsible for underwriting complete product offerings including automated and manual underwriting of mortgage loans. Analyse and evaluate residential loan applications in accordance with industry and business unit standards. Demonstrate sound judgment in the analysis of required documentation while mitigating organization risk through appropriate …
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