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Comment Re:Umm, what? (Score 1) 395

I worked at a company pre-tech bubble and pre-mortgage bubble. We were working on electronic vendor management, but a related project at another vendor was working on doing fully digital signing. It was mostly a disaster because the client (Freddie) simply wanted everything to work like it used to, including all the paper bullshit.

In the end they scrapped that part of the project, and scrapped all the "money saving" parts of our project. Freddie and the banks simply did not care about saving money, since it was all being passed on to the buyer anyhow. Hell, they didn't even care if the appraisals said the property were worth what the loan was for. Early 2000's were the wild west of the mortgage industry. I got out before the crash, but I was not surprised it happened.

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