Archive for 'Press Releases'

A Paired Solution of Tools for Front End Fraud Prevention and Back End Fraud Detection

Maitland, FL – Digital Risk, LLC, the nation’s largest provider of forensic loan review services, as well as front end fraud analytical solutions, announced the offering of CORAL™ Fraud Detection Score (CORAL™) and PLATES™ Fraud Check Score (PLATES™), designed to defect fraud in both front end loan origination and back end loan quality control processes.

CORAL™ is based on the commonality of fraud findings discovered by the ...

Promotion is Recognition of Critical Role in Leading Company from Five Employees to More than 350

Maitland, FL - Digital Risk, LLC, the leading provider of integrated predictive analytics and expert advisory services, has announced the promotion of Alex Santos to President. As Chief Operating Officer of the company previously, Santos had overall management responsibility – including strategy development, client service, analytics and operations.

In making the announcement, Peter Kassabov said: “As founders of Digital Risk, Jeff Taylor and I have been privileged ...

Mortgage Originators, Mortgage Insurers, Warehouse Lenders and Conduits utilize Enhanced Quality Management Solution to detect fraud and prevent repurchases and losses

San Diego, CA - Digital Risk, LLC, today announced the availability of its Enhanced Quality Management Solution (EQMS) at the Mortgage Bankers Association Quality Assurance and Residential Underwriting Conference in San Diego. As the market leader in repurchase reviews within the $4.2 trillion residential mortgage industry, Digital Risk has designed the solution to assist loan originators prevent repurchases and subsequent losses.

EQMS ...

State of Florida Governor’s Press Office

Project to create more than 200 new jobs

(Starting from right) David Cash, Cheri Bransford, Lt. Governor Jeff Kottkamp, Mark Hinshaw, Maitland Mayor Doug Kinson, Maitland Vice Mayor Bev Reponen, and Ray Gilley, President/CEO of Metro Orlando Economic Development Commission

Orlando – Governor Charlie Crist today announced Digital Risk LLC, a risk mitigation solutions provider for the mortgage industry, is expanding their headquarters in Metro ...

Company Addresses Forum’s Model Representations and Warranties

Maitland, FL - In an effort to restore investor confidence in residential mortgage-backed securities, Digital Risk, LLC, has advised the American Securitization Forum on the need to prohibit the use of “knowledge qualifiers” by originators, sponsors and issuers of RMBS.

Knowledge qualifiers are often used in representations and warranties to limit responsibility to situations where the counterparty is aware of misrepresentations. Knowledge qualifiers create a reason not to know and act as a disincentive to issuers ...

Orlando Sentinel
By Richard Burnett, Sentinel Staff Writer

Business is good for a local software startup that helps investors leery of securities backed by mortgages

If Wall Street had tapped into Digital Risk LLC a few years ago, perhaps it could have prevented the meltdown of the sub-prime mortgage market and averted this recession. That’s what the local software company’s organizers think, at least..

It’s a heady claim for the Maitland-based newcomer, formed four years ago. But Digital Risk insists it has created ...

Leading Private Equity Firm Provides Growth Capital to Accelerate Digital Risk’s Growth in Mortgage Analytics and Loan Review Services

Maitland, FL – Digital Risk, LLC announced today that Century Focused Fund II, a private equity fund sponsored and managed by Century Capital Management, LLC, has made a significant equity investment in Digital Risk. Digital Risk will use the investment proceeds to execute an aggressive growth plan to deliver enhanced risk mitigation solutions to the ailing mortgage and broader fixed income markets.

Digital ...

TechJournal South
By Allan Maurer

Orlando, FL – Technology and hands-on expertise are helping rejuvenate the bad-loan plagued mortgage industry that caused so many of the current economic problems. So says Peter Kassabov, chairman of Orlando-based Digital Risk, which has just closed on a $7.5 million round of equity from Century Capital to help it meet demand for its mortgage loan risk mitigation services.

Kassabov tells TechJournal South the 200-employee company is already profitable but took an equity round to expand to ...

Digital Risk Strengthens its Management and Analytical Offerings by adding Former JP Morgan and BofA Leader to Executive Team

Maitland, FL - Digital Risk, LLC announced today that it has selected Mark G. Hinshaw for the position of Chief Financial Officer. Mr. Hinshaw will have overall financial management responsibility – including operations and client solution development – for Digital Risk’s predictive analytics and loan review operations. Digital Risk is the leading provider of integrated solutions incorporating predictive analytics and expert underwriting services ...