We 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!
We are proud to announce that Digital Risk’s Managing Partner Jeff Taylor has been selected as one of the “25 Most Connected Mortgage Professionals” of 2014 by National Mortgage Professional Magazine. Jeff is featured in August’s Social Media Month issue.
The 25 Most Connected Mortgage Professionals is a list of mortgage professionals selected by their peers and the NMP staff who are highly connected on social networks and have a heavy influence on social media at large. These individuals have a large number of real followers on Twitter, a lot of “Likes” on Facebook or have a very popular blog or video show. In one or more of these respects, they’re considered to be one of the mortgage industry’s 25 Most Connected Mortgage Professionals.
See the issue here: August’s Social Media Month.
4 Factors Weighing Down Housing In The Second Half of 2014
July 30, 2014
Chief Analytics Officer Tom Showalter identifies four major factors that are weighing down the housing market for the second half of 2014.
Six Regulatory Pitfalls Mortgage Lenders Should Avoid
National Mortgage News
July 25, 2014
Chief Legal Officer Debbie Hoffman discusses the need to stay informed on the constant regulatory changes. Read her full article with the link below to see what six regulatory pitfalls Hoffman identifies that mortgage lenders specifically need to avoid.
Help Complying With Financial Regulations
June 11, 2014
Digital Risk Chief Legal Officer, Debbie Hoffman discusses financial regulations and risks within the mortgage industry that need to be consistently managed. Service providers must be on their toes to keep up with these frequent changes that play such a big part in the mortgage industry. Additionally each state interprets these regulations differently adding increased difficulty to what is already a complex process.
Hoffman examines the different compliance policies and procedures that could be required for financial institutions as a result of the various interpretations. “Banks are subject to both ‘trickle up’ and ‘trickle down’ examination/audits from both state and federal regulatory bodies, and thus it is critical that banks assess the existence and depth of regulatory knowledge and compliance of a mortgage company or other vendor,” says Debbie. This poses systemic regulatory risk to vendors depending on the states in which they operate. In order to help minimize much of the risk, licensing requirements are consistently becoming more stringent, especially for mortgage loan originators at non-bank lenders, with an individual license needed for each state in which they operate in addition to the required MLO license.
The Hidden Risk of Home Equity Loans
June 10, 2014
“Jeffrey Taylor, co-founder and managing partner at Digital Risk, notes that according to Equifax, when a reset occurs, the serious delinquency rate – when the loan is 90 days or more past due and nears default – jumps from 3 percent before reset to 5.6 percent afterward. “That is a big deal and makes bankers worry,” says Taylor…”
How to Make Sense of Your Credit Report
June 2, 2014
“The percentages attached to each category can help consumers determine which areas are most important to their score. According to Jeff Taylor, managing partner of Digital Risk, Inc. , the most important items in your report are delinquencies and charge-offs, your percentage of revolving credit that is open (e.g. how much debt you owe versus how much credit you have available), and recent credit inquiries.”
Building from Without and Within
May 21, 2014
“With experience working at Thacher Proffitt & Wood, LLP as well as teaching classes at the University of Central Florida (UCF) and Florida A&M, it’s no wonder that Debbie L. Hoffman, the first chief legal officer at financial services firm Digital Risk, has designed a leadership program that, in her words, is “like a firm.””