Digital Risk to Add 1,000 US-based Jobs

MAITLAND, Fla., Feb. 15, 2012 /PRNewswire/ -- 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 maximum capacity at its Orlando and Jacksonville offices this spring and plans to establish several new facilities across the country to handle the anticipated growth.  The growth is being driven by housing market dynamics and the regulatory environment.

"We have earned the trust of many of the nation's largest lenders, servicers and investors, and as the mortgage industry recovers, they are seeking our assistance in developing higher quality new loan portfolios," said Peter Kassabov, CEO of Digital Risk. "We currently conduct a rigorous analysis on over $8 billion in performing and non-performing loans each month which we expect to double by year end due to significant demand for our component servicing, underwriting and compliance solutions." 

The company's growth is driven by several factors including:

• Expansion of the company's business model into the management of transactions on behalf of originators, investors and, in particular, with servicers
• The recent addition of a new foreclosure suite of solutions, including attorney compliance reviews
• Increased demand for the company's pre- and post-funding compliance services
• The need to achieve balance between automated underwriting and skilled human judgment
• Compliance and risk management now dominate every aspect of the mortgage business

"We are using our default analytics to preemptively identify at-risk borrowers so loan modification efforts can begin earlier, keeping more people in their homes.  We estimate that these analytics will trigger an incremental 300,000 loan modifications over the coming year.  With that in mind, we will open offices in locations with high concentrations of the qualified and experienced attorneys, underwriters, processors and compliance professionals required to maintain the balance of automation and skilled human judgment to serve the mortgage finance markets of today and tomorrow," continued Kassabov.

As the company reaches maximum capacity at both its Orlando and Jacksonville facilities, it will either expand existing operations in Texas, Colorado or California, or open new facilities in Florida as soon as March. Skilled mortgage professionals with exceptional underwriting, processing and compliance qualifications are encouraged to submit their resumes to [email protected].

Digital Risk, LLC is the leading provider of mortgage risk and compliance management solutions. The company provides buyers and sellers of mortgages and mortgage backed securities the analytical, technological and risk management services they need to achieve their goals. The Digital Risk platform delivers transparency at the loan level and precise risk assessment throughout the entire mortgage value chain. With over 1,300 professionals, and soon to be 2,300, the Company is privileged to serve the nation's leading servicers, originators, aggregators and investors. Digital Risk is independent and not affiliated with an originator, issuer, servicer or investor. Headquartered in Orlando, Digital Risk has additional operations in New York, Dallas, Denver, and Jacksonville.

For further information, contact:
Brandie Young
(510) 599-2785
[email protected]

SOURCE Digital Risk, LLC