I am curious if any commercial banks out there outsource their loan credit analysis.
Seems like a company who has a handful of great credit guys in a place like China, follows and knows US banking standards and how to underwrite to those standards could make a killing from banks who want to scale down, get rid of paying full time salaries and benefit packages, and simply pay the company on a per loan basis or on a contract basis.
If you are paying the average credit guy $50K + benefits + 401K match, etc and you need 3 credit guys per $100M in your bank... thats a lot of money to be saved for the banks and made for the outsourcing company.
I know this has been talked about for Ibanking analyst positions, but I think commercial banking analysis is a different ball game. Alot of commercial banks are looking to maximize the bottom line so that they can be attractive to a possible acquisition from the big boy banks... cutting your analysts would help with that.
Are you TRYING to land yourself on unemployment?
Interesting point. I did an internship at a commercial bank and from what I could tell their analyst class was extremely bloated / unproductive. I always wondered why they didn't cut the class in half, raise the salaries of the remaining half by 50%, and make them (god forbid) work longer than 40 hours a week. Only argument I can see against this is that most of the upper mgmt at comm. banks comes from the analysts program, so in a way it is a breeding ground for future mgmt.
Very interesting though though.
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