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Guest perspective: The skinny on sending mortgages to India
Published on Jul 25, 2005

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by CareyBot

Flood, earthquake, lead paint and country of origin. Can you imagine preparing a disclosure document covering where the paperwork for a loan was processed? Imagine if mortgages were "manufactured" in India. Would we disclose that the HUD-1 and the post-close documentation clean up were handled in India? Would we add a label that says, "This mortgage was assembled from foreign and domestic components" or simply, "Mortgage Made in India," just like the labels that say "Made in China?"

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