Is it just me, or does anyone else not see potential issue with having a robot sign foreclosure documents? I think that all the banks and lenders need to be taking a closer look at their process and who is overseeing these things. While it is hard to manage everyone in a large organization, it is imperative that a large organization knows how to make it run like a well-oiled machine.
Having the proper supervisory people in place makes the world go round and having employees that contribute make it all worthwhile and a lot easier to endure. I will say that most companies have it all wrong, and want to get the best around for the least amount of money. When banks and lenders hire these people, they should most certainly get their view on money, and how it works, along with how they wish to see other people become more successful financially. If they don’t share that vision, they have no business working in finance.
Once investors begin to lose confidence, business is down which makes matters worse and properties get sold for a lot less money and less frequently. There is no great mystery behind what is going on, but the only mystery is regarding who will take a stand for what is right? The financial industry has suffered some staggering losses and will continue to do so if no one takes a stand.
-Mayer Dallal
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