New Approach in Protecting Investor Rights
Orlando, FL – Digital Risk LLC will present the nation’s first and only, Master Risk Management™ (MRM) solution at the American Securitization Forum Conference in Orlando, FL, February 6-9, 2011. Digital Risk is an independent company (not affiliated with an Issuer, Originator, Servicer or Trustee) with the combined capabilities of a Master Servicer and a Credit Risk Management solutions provider. The Company has more than 1,500 deals and $700 billion assets under risk management utilizing its MRM Solution.
“We are committed to ensuring Investor rights are protected by providing a comprehensive, independent asset risk management solution,” said Peter Kassabov, Chairman and CEO, Digital Risk. “Our groundbreaking Master Risk Management solutions offer investors independent risk management, transparency, and preservation of their fixed income investments. The solutions are for investors across the globe and across all fixed income asset classes.”
Todd Whittemore, a leading expert in master servicing, loan servicing oversight, credit risk management and RMBS, joined Digital Risk as Executive Vice President, Master Risk Management in November to augment the Company’s MRM team. He sees Digital Risk’s MRM solution as the “synergistic combination of best-of-breed components. For the first time, we can combine traditional reporting and remittance verification functions of master servicing with state-of-the-art collateral and servicer risk management solutions. It’s a dream come true.”
Already the nation’s largest loss mitigation service provider, Digital Risk’s business model is evolving into the strategic management of loss modeling, bond targeting, master servicing, and surveillance. Jeffrey Taylor, Chief Business Development Officer, Digital Risk, commented “MRM is the convergence of master servicing and credit risk management. The MRM Solution is our unique combination of collateral and servicing risk management technologies, processes and experts. With our team of 775 Capital Markets, statistician and advisory experts, our MRM Solution is ready to serve the evolving needs of the ABS market.”
Alex Santos, President, Digital Risk, focused on the business benefits that clients will receive. “MRM puts the person responsible for risk management in control of the most important components: cash and reporting. Passive master servicers will be replaced with an aggressive master risk management solution motivated to protect investor interests. For the first time, investors will be in control of loan level decisions” he added.
