Monday, November 08, 2010

Despite Robosigner Scandal, Loan Servicers Still Offering Low-Pay, Low-Qualification, Lofty-Titled "Foreclosure Jobs"

ProPublica reports:
  • Prompted by a Financial Times article about banks hiring foreclosure experts, we went on a few job sites to browse the [job] listings ourselves, just to see if the qualifications for new hires have changed since the foreclosure-document scandal first surfaced.

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  • One legal staffing agency advertised a number of foreclosure openings, including a “Supervisor of Foreclosure Department.” The listed base pay? “$10.00-$12.00/Hour.” High-school education required. When I called this agency, the Legal Group, I was told that the agency deals primarily with law firms or the legal departments of corporations.

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  • Another staffing agency seeks college grads for “IMMEDIATE ENTRY LEVEL Foreclosure Processing opportunities with an outstanding company in the Baltimore region,” promising $12 to $13 an hour. The position requires no experience, but:

    Extraordinarily FAST and ACCURATE typing is a MUST! Ability to be WILDLY PRODUCTIVE in a fast paced DYNAMIC envionment [sic] is a MUST! Outstanding MULTI-TASKING ability is a must!

For more, see Want to Earn $10-12 an Hour? Be a ‘Foreclosure Department Supervisor’