http://digitalrisk.com Risk Management Solutions Tue, 15 May 2012 20:37:42 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 http://digitalrisk.com/2012/05/due-diligence-co-aims-to-start-best-practices-task-force/ http://digitalrisk.com/2012/05/due-diligence-co-aims-to-start-best-practices-task-force/#comments Tue, 15 May 2012 20:34:51 +0000 jdavis http://digitalrisk.com/?p=3379 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 Market Conference on Tuesday, “We ...]]> http://digitalrisk.com/2012/05/due-diligence-co-aims-to-start-best-practices-task-force/feed/ 0 http://digitalrisk.com/2012/05/digital-risk-issues-press-release-calling-for-due-diligence-standards-taskforce/ http://digitalrisk.com/2012/05/digital-risk-issues-press-release-calling-for-due-diligence-standards-taskforce/#comments Tue, 08 May 2012 17:16:28 +0000 jdavis http://digitalrisk.com/?p=3338 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 ratings agencies,  due diligence firms, deal sponsors, ...]]> http://digitalrisk.com/2012/05/digital-risk-issues-press-release-calling-for-due-diligence-standards-taskforce/feed/ 0 http://digitalrisk.com/2012/03/digital-risk-chairman-provides-mortgage-industry-perspective-to-white-house-business-council/ http://digitalrisk.com/2012/03/digital-risk-chairman-provides-mortgage-industry-perspective-to-white-house-business-council/#comments Wed, 28 Mar 2012 20:50:51 +0000 jdavis http://digitalrisk.com/?p=2927 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 Business Forward event brought Mr. Kassabov and other business leaders together to brief senior White House officials on ways to ...]]> http://digitalrisk.com/2012/03/digital-risk-chairman-provides-mortgage-industry-perspective-to-white-house-business-council/feed/ 0 http://digitalrisk.com/2012/02/data-firm-chases-new-work/ http://digitalrisk.com/2012/02/data-firm-chases-new-work/#comments Mon, 27 Feb 2012 16:08:21 +0000 jdavis http://digitalrisk.com/?p=2879 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 willing to send some of the resulting underwriting tasks its way.
Banks already have been farming ...]]> http://digitalrisk.com/2012/02/data-firm-chases-new-work/feed/ 0 http://digitalrisk.com/2012/02/harp-2-0-additive-but-open-access-is-facing-some-hurdles/ http://digitalrisk.com/2012/02/harp-2-0-additive-but-open-access-is-facing-some-hurdles/#comments Mon, 27 Feb 2012 15:48:12 +0000 jdavis http://digitalrisk.com/?p=2871 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 March. However, whether open access will expand it even further looks like ...]]> http://digitalrisk.com/2012/02/harp-2-0-additive-but-open-access-is-facing-some-hurdles/feed/ 0 http://digitalrisk.com/2012/02/compliance-may-keep-building-over-next-five-years/ http://digitalrisk.com/2012/02/compliance-may-keep-building-over-next-five-years/#comments Fri, 17 Feb 2012 16:03:37 +0000 jdavis http://digitalrisk.com/?p=2856 “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 Officer. “Dodd-Frank is not completed yet and there are a lot of moving ...]]> http://digitalrisk.com/2012/02/compliance-may-keep-building-over-next-five-years/feed/ 0 http://digitalrisk.com/2012/02/digital-risk-to-add-1000-us-based-jobs/ http://digitalrisk.com/2012/02/digital-risk-to-add-1000-us-based-jobs/#comments Wed, 15 Feb 2012 13:47:02 +0000 jdavis http://digitalrisk.com/?p=2841 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. The company will reach ...]]> http://digitalrisk.com/2012/02/digital-risk-to-add-1000-us-based-jobs/feed/ 0 http://digitalrisk.com/2012/02/discovering-a-disconnect/ http://digitalrisk.com/2012/02/discovering-a-disconnect/#comments Tue, 07 Feb 2012 19:04:51 +0000 jdavis http://digitalrisk.com/?p=2756 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 is not quite that simple.
That’s not to say banks should not be mindful when lending to people with a less ...]]> http://digitalrisk.com/2012/02/discovering-a-disconnect/feed/ 0 http://digitalrisk.com/2012/01/overcoming-challenges-in-virtual-environments/ http://digitalrisk.com/2012/01/overcoming-challenges-in-virtual-environments/#comments Wed, 18 Jan 2012 20:20:18 +0000 jdavis http://digitalrisk.com/?p=2721
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 today’s l and scape, the industry operates differently. Often, the process of arranging a loan can be ...]]> http://digitalrisk.com/2012/01/overcoming-challenges-in-virtual-environments/feed/ 0 http://digitalrisk.com/2011/12/digital-risk-kpmg-snr-denton-mortgage-symposium/ http://digitalrisk.com/2011/12/digital-risk-kpmg-snr-denton-mortgage-symposium/#comments Wed, 14 Dec 2011 22:36:37 +0000 jdavis http://digitalrisk.com/?p=2599 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 Protection Act and the CFPB come on-stream. Included are discussions of Titles X and XIV of Dodd-Frank; qualified mortgages and repayment ability; newly combined Real Estate Settlement ...]]> http://digitalrisk.com/2011/12/digital-risk-kpmg-snr-denton-mortgage-symposium/feed/ 0