4 Ways Firms Are Failing Associates

4 Ways Firms Are Failing Associates

4 Ways Firms Are Failing Associates
Law 360
June 19, 2015

And having someone to learn from is extremely important, according to Debbie Hoffman, the Chief Legal Officer of Digital Risk Inc., where she has built an in-house legal team based on what she learned in her years in BigLaw.

“It happens organically, but law firms can help make it happen,” she said. “You need to have strong mentors. Part of it is luck, but part of it is you have to develop those relationships. It’s extremely important to have the partnership work with the junior level.”

She added that firms should have not just partners mentoring young lawyers, but senior associates as well.

“We take some time out, we have lunches, we want to do more team building,” Hoffman said. “I think as lawyers we are so business-oriented that we sometimes forget about it. It helps to develop those relationships and trust.”

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Counsel’s Corner: GSEs Have Intensified Efforts to Transfer Risk to Private Market

Counsel’s Corner: GSEs Have Intensified Efforts to Transfer Risk to Private Market
DS News
June 19, 2015

Debbie HoffmanAs the Chief Legal Officer for Digital Risk, Debbie K. Hoffman oversees the operation of Digital Risk’s legal, compliance, risk and licensing functions. Debbie is responsible for corporate governance, legal compliance of subsidiaries and lines of business, preparation and negotiation of legal agreements, legal regulatory issues and evaluating the company’s exposure to risk. Debbie advises the company on a wide variety of legal issues and directs the company’s outside counsel. In addition to her corporate legal duties. Debbie recently spoke with DS News about the challenges of compliance and the GSEs’ transfer of risk from the taxpayers to the private market.

New Credit Rating Agency Rules Target Due Diligence Transparency

New Credit Rating Agency Rules Target Due Diligence Transparency

New Credit Rating Agency Rules Target Due Diligence Transparency
National Mortgage News
June 16, 2015

New regulations for credit rating agencies that took effect this week are expected to make mortgage and other asset-backed securities more transparent by requiring broader disclosure of certain due diligence reports.

Under the rules, which were mandated under the Dodd-Frank Act and issued by the Securities and Exchange Commission, reviews and reports that due diligence providers previously delivered to investment bankers and rating agencies must be shared directly with the public, said Jeff Taylor, co-founder and managing partner of Digital Risk.

2015 HousingWire Rising Star

Digital Risk’s Laura Williamson Named One of HousingWire’s 2015 Rising Stars!

Laura WilliamsonLaura Williamson, SVP of Client Services at Digital Risk, LLC, an Orlando-based mortgage risk analytics and loan processing firm, has been named among HousingWire Magazine’s 2015 Rising Stars.

Now in its second year, the Rising Star program recognizes the brightest and most accomplished industry leaders under 40. According to HousingWire, winners were selected for demonstrating real accomplishments that helped their companies and the industry as a whole to reach new heights.

As part of the feature, HousingWire asked each of the winners to comment on habits, advice and obstacles that they’ve faced on their road to success.

Avoid RESPA Kickback Violations

Avoiding RESPA Kickback Violations in the Social Media Age

Avoiding RESPA kickback violations in the social media age
By Debbie Hoffman
HousingWire
April 1, 2015

The CFPB is currently paying close attention to the individuals/small players, as well as the larger institutional mortgage companies. With respect to the small players, the CFPB is looking at the loan officer, real estate agent and developer.

What is your firm doing to steer clear of violations?

Did housing starts nosedive because of a labor shortage?

Did housing starts nosedive because of a labor shortage?

Did housing starts nosedive because of a labor shortage?
HousingWire
March 18, 2015

Housing analysts are still trying to figure out why housing starts nose-dived in February.

Privately owned housing starts in February plummeted 17%, down to an annualized 897,000 from the revised January estimate of 1,081,000, with drops in the Northeast, Midwest and West leading the collapse.