Digital Risk Says All Is Well

Digital Risk Says All Is Well

Company fires back at news story

Sept. 29, 2014

By Mortgage Daily Staff

While recent coverage of Digital Risk LLC might have suggested otherwise, the company says all is well despite the upcoming departure of its two top executives.

Mortgage Daily published a wire service story Sunday indicating that the chief executive officer and the president of Digital Risk are leaving.

In addition to respectively being CEO and president, Peter Kassabov and Alex Santos are also the co-founders of the Maitland, Fla.-based company.

But a spokeswoman for Digital Risk took issue with other parts of the story.

Brandie Young explained that even though the story said Digital Risk is wrestling with an unexpected business downturn, it is in fact facing normal business fluctuations in the mortgage industry.

“It’s quite frustrating when such gross inaccuracies in reporting occur, as it tends create a bit of panic where none need exist,” Young said in a written statement.

She also noted that the fluctuations “have no correlation to Kassabov and Santos’ departure.”

Young suggested that it did not hand “out a new round of pink slips,” as written in the article. Instead, it filed a Worker Adjustment and Retraining Notification, which “warns that a job ‘could’ be terminated,” whereas “a pink slip is instant termination.”

She also took issue with the statement in the story that said the jobs will end on Nov. 19, clarifying that “the jobs may end Nov. 19.” Young called comments about how Kassabov, Santos and other investors are in line to receive an additional $27 million “speculation.”

Young clarified that out of 750 WARN notifications filed in February, the net layoff was 208.

The claim in the story that “The company lost a major client — J.P. Morgan Chase — earlier this year” is “absolutely untrue,” according to Young.

“The mortgage market is always in flux and malicious reporting doesn’t help,” Young stated. “In this case, Digital Risk is quite stable.

“While the company will miss Mr. Kassabov and Mr. Santos, the succession will be smooth, particularly with the third founder Jeffrey Taylor in place to ensure clients receive the best possible services and solutions.”

Reprinted by Digital Risk LLC with permission from Mortgage Daily
Copyright © 2014 Mortgage Daily

Shawnda Merriman Denver Business Journal Nomination

Shawnda Merriman Selected as a Denver Business Journal Outstanding Women in Business Nominee

Shawnda Merriman & Omar Quddus Denver Business Journal NomineeDigital Risk is pleased to announce that our very own Shawnda Merriman, Senior Vice President of Component Servicing and Surveillance and Site Manager for our Denver office, has been selected as one of the 2014 Denver Business Journal’s Outstanding Women in Business Nominees!

Each year, the Denver Business Journal recognizes metro Denver’s most influential women with the Outstanding Women In Business awards. A total of 140 women were selected as nominees, and 12 of those women will be honored in the categories of architecture, engineering and construction; banking, finance and accounting; communications, media and public relations; education, government and nonprofits; health care; large business owner; law; real estate; small business owner; technology and telecommunications; and lifetime achievement.

As a nominee, Shawnda was invited to attend the Denver Business Journal’s Outstanding Women in Business Awards Luncheon & Expo on Thursday, August 21 at the Hyatt Regency Hotel at the Denver Convention Center. This event is hosted to recognize Denver’s most influential women and announce the Women in Business Awards winners. Shawnda and her guest, Denver Component Servicing Analyst Alicia Roberts, attended the event and enjoyed a networking hour, video highlights of award’s finalists and awards presentation.

Please join us in congratulating Shawnda on this tremendous accomplishment and thank her for all that she does for Digital Risk and for the mortgage industry at large.

Dena Jalbert MReport 35 Under 35

Digital Risk’s Dena Jalbert Featured in MReport’s “35 Under 35”

MReport 2014 Thirty-Five Under Thirty-FiveWe are delighted to share that one of Digital Risk’s leaders, SVP of Administration Operations Dena Jalbert has been profiled in the August issue of MReport as part of the magazine’s “35 Under 35” feature!

This feature profiles 35 women from across the country who are making extraordinary impacts on the housing industry. As MReport puts it, “These 35 rising stars – all under the age of 35 – are poised to make significant strides that will leave a lasting (and luminous) impression for decades to come.

Dena’s profile aptly begins with “Every organization needs a backbone…”, and we here at Digital Risk know that Dena, given her creativity, collaborate skills, flexibility and industry foresight, is the perfect backbone for our company.

So please join us in congratulating Dena for this outstanding honor!