Want to Earn $10-12 an Hour? Be a ‘Foreclosure
by Marian Wang
A sign is seen in front of a foreclosed home on Nov. 19, 2008, in Rio Vista, Calif. (Justin Sullivan/Getty Images)
For years, banks and other companies handling foreclosures have turned to cheap labor to process the growing volume of foreclosures. At JPMorgan Chase, they were called “Burger King kids ”—walk-in workers hired to handle foreclosure proceedings. Many barely knew what a mortgage was  and had only high-school educations.
Prompted by a Financial Times article about banks hiring foreclosure experts , we went on a few job sites to browse the listings ourselves, just to see if the qualifications for new hires have changed since the foreclosure-document scandal first surfaced.
What we found is that it varies, depending on the company hiring. Requirements for many foreclosure jobs—often advertised by staffing or temp agencies—still offer low pay and require little education. Some of the brand-name banks include in their job listings language about “compliance with [proper] procedures” and regulations. Most didn’t post pay. (mais…)