Archive for 'In the News'

Mortgage industry compliance and risk management are expected to become “quite substantial in the next five years,” according to one of the co-founders of Digital Risk, a company that plans to add 1,000 full-time professional positions in this area during 2012 alone.

“I wish the government [would] help us and finish all the regulations,” said Peter Kassabov, one of Digital Risk’s three co-founders and its Chief Executive ...

Keri Williamson
Manager, Training and Development
Digital Risk, LLC

There was once a time when arranging a loan involved dressing up and walking into lenders’ offices. All of the key players in the transaction would get together in  person, hands  extended and ready to shake “hello” a  relationship  that  would hopefully  cultivate  a  handshake  that says “you’ve got a deal”.

In ...

On July 20, 2011, Sergeant Major (SGM) David Lanham, C Company, 3rd Battalion, 20^th Special Forces Group (Airborne) presented to Peter Kassabov, Chairman and CEO of Digital Risk, a United States of America flag that flew over his most recent base, Forward Operating Base Salerno in Khost, Afghanistan. SGM Lanham has completed 3 tours of duty in Afghanistan and 1 in Iraq. Our chairman and CEO, Peter Kassabov, accepted the flag and, in turn, presented to ...

In a first of its kind, CNBC and Institutional Investor will host Delivering Alpha, a unique, one-day meeting composed entirely of the best-known hedge fund managers and the largest investors globally (corporate and public pension funds, supranational funds, endowments, foundations, and sovereign funds) as well as illustrious political and economic commentators appearing in discussions and interviews moderated by II and CNBC editors.

Digital Risk, along with 5 other financial industry leaders, will sponsor events throughout the September ...

Peter R. Kassabov, chairman and chief executive officer of Digital Risk in Maitland, was awarded the regional Ernst & Young 2011 Entrepreneur of the Year in the financial-services category. The chief executive of a Maitland technology company that sells risk-analysis services to investment funds and related businesses won Ernst & Young’s 2011 Entrepreneur of the Year statewide award Thursday night in the financial-services category.

Peter R. Kassabov, chairman and chief executive officer of Digital Risk LLC, was among about 100 people ...

Digital Risk chairman and CEO, Peter Kassabov, has been named a finalist for the 2011 Ernst & Young Entrepreneur of the Year Florida awards. Ernst & Young Entrepreneur Of The Year is celebrating its 25th anniversary this year. As the world’s most prestigious business award for entrepreneurs, it has grown to 26 programs in the US, and its global program now spans 50 countries. More details about the award are available at Entrepreneur Of The Year and in ...

“The explosion in new regulations and compliance requirements has actually come to fruition, literally as we speak,” said Avi Naider, CEO of Aces Risk Management Corp., Fort Lauderdale, Fla.

 “The industry is driving product changes.” For example, Fannie Mae and Freddie Mac have prefunding quality control requirements for lenders and firms that outsource QC need to audit and create reports of those third-party QC firms. “These are major, fairly dramatic changes that have finally come to fruition,” Naider said. Naider also ...

Todd Whittemore, the newly appointed executive vice president of master risk management of Digital Risk LLC, Maitland, Fla., attended the Mortgage Bankers Association’s National Mortgage Servicing Conference in Dallas to stay current on market issues and trends in servicing demand.

The main take away? A reassurance that there are not enough reasons to be optimistic about the near future of the housing market, so like most of his peers in the servicing market Whittemore is bracing up for another tough year—which ...

NEW YORK (Reuters) – U.S. mortgage investors are uncovering fresh opportunities in 2011 as the desolate market for private residential mortgage credit shows few signs of revival and returns on a dwindling field of existing bonds drop.

Finding ways to play the $11 trillion U.S. mortgage market has been tough as government competition, regulatory reform and a lingering distrust by some investors has frozen the flow of private capital into the housing market.

That leaves the time-tested strategy of sifting through existing ...

Mortgage Technology Magazine – September 2010 Issue
By Alex Santos, President of Digital Risk

Technology and analytics can help by providing the loan level analysis to make decisions on loans one at a time.

What a difference five years make. Back in 2005 lenders didn’t have the same incentive they have today to use technology and analytical services on their loan originations because they didn’t have much, if any, skin in the game. The hungry secondary market saw to that.

Lenders could sell loans ...