Archive for 'In the News'

May 10, 2012

Digital Risk said it is starting a task force that aims to set best practices for mortgage risk due diligence.

The company said the task force aims to develop standard practices to improve transparency and confidence in underwriting, fraud and regulatory compliance, particularly reform of the Real Estate Settlement Procedures Act.

When asked why RESPA reform in particular is a focus, president Alex Santos said at the Mortgage Bankers Association’s National Secondary ...

Mortgage-data firm Digital Risk is venturing into a new line of business: handling mortgage-underwriting duties for large banks.

The effort stems in part from expectations that mortgage lending volume will grow amid the implementation of government-led refinancing and modification programs for homeowners. Digital Risk is betting that banks, wary of expanding their own payrolls and already overloaded with their current work, will be ...

By Bonnie Sinnock

Although the so-called 2.0 version of the federal government’s Home Affordable Refinance Program does not appear to have shown up in the latest round of prepayment data, the first it could have appeared in, it seems to be starting to give originations a bit of a boost as expected even ahead of its broader rollout through “open access” in ...

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 ...

By: Thomas Showalter
Chief Analytics Officer
Digital Risk

American Securitization
Winter/Spring 2012

It now seems to be received wisdom that mortgage lenders should aggressively ensure they have all the right facts when extending credit to subprime borrowers. After all, defaults in this sector of the population sparked the worst U.S. housing and economic slump in decades. But the story ...

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 ...