Archive for 'Press Releases'

Transparency in Due Diligence Requirements and Standards will Bolster Confidence in Mortgage Industry Analytics and Underwriting Protocols

NEW YORK, NY – May 8, 2012 – Digital Risk LLC, the nation’s largest provider of mortgage risk, compliance and transaction management solutions, today at the MBA National Secondary Market Conference called for the creation of a due diligence industry standard task force to develop standards and requirements in mortgage risk due diligence.  The company calls for ...

Kassabov Says Key Corporate America Needs To Invest In And Train Employees

MAITLAND, FL — March 22, 2012 – Digital Risk, the nation’s leading and largest risk management and compliance solutions provider, reports that Peter Kassabov, the firm’s chairman and chief executive officer, provided commentary and insight to the White House Business Council in Washington D.C. earlier this week.

The ...

Company to nearly double its staff and expand operations due to increasing demand for its risk management and compliance solutions

Maitland, FL (February 15, 2012) – Digital Risk, the nation’s leading and largest risk management and compliance solutions provider, today announced plans to add more than 1,000 full-time US-based, professional, positions in 2012. Positions will include experienced underwriters, attorneys, processors, compliance experts and appraisers.  By year-end 2012, the company will nearly double its headcount to 2,300. ...

Digital Risk has teamed with SNR Denton and KPMG to host a complimentary symposium that will provide you with an antidote to the challenges facing the mortgage industry in 2012.

RSVP
Dodd-Frank and the Consumer Financial Protection Bureau (CFPB): Major Changes

Our panel will outline concerns as the Dodd-Frank Wall Street Reform and Consumer ...

Maitland, FL (December 7, 2011) – Randy Lightbody has joined Digital Risk as Executive Vice President, Sales and Strategy. Randy brings to Digital Risk more than 25 years of proven success in all phases of sales and operational leadership as well as disciplined change management.

Randy has joined Digital Risk’s executive team to continue Digital Risk’s explosive growth by leveraging Digital Risk’s brand as the nation’s ...

“The issue we still have is the same one we’ve had for the past two years,” says Jeffrey Taylor, managing director and co-founder of Digital Risk LLC, a Maitland, Fla.-based mortgage risk management firm. “Until the backlog of the housing market flows through the pipeline, and until we get the backlog into the marketplace to be bought at distressed prices, there won’t be much demand for ...

Speaking at Moody’s Investor Briefing, Alex Santos, president of mortgage risk management firm Digital Risk, advocated that proposed risk retention regulations are unnecessary. “Risk retention is a red herring. The quality and safety of loans that we are seeing is a direct result of the GSEs (government sponsored enterprises Freddie Mac and Fannie Mae) enforcing rep and warrants (contractual representations and warranties) which is an enhanced form of risk retention self-imposed, I might add, by market forces.”Read More...

Mortgage Growth Indicators Are Negative
New York, NY (May 2, 2011) – Institutional investors continue to be pessimistic about RMBS growth prospects based upon a variety of negative indicators for the mortgage industry. Speaking at Mortgage Bankers Association’s National Secondary Market Conference 2011 today, Digital Risk President Alex Santos presented his analysis of investors’ near term outlook.

Santos pointed out that mortgage originations will continue their 3 year slide from a high of more than $2 trillion in 2009 ...

More Effective Solution Relies on Predictive Modeling Tools

Ft. Lauderdale, FL (March 29, 2011) – A bruising, two-year housing downturn has dramatically changed the way investors look at mortgage-backed assets and how they will view them from here on. Speaking at the Mortgage Bankers Association’s National Fraud Issues Conference 20011 today, Digital Risk President Alex Santos described the new investor landscape, explaining that traditionally “risk models reflected the time when they were built.”

 As a result, the market chaos that began ...

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 ...