Debbie Hoffman in HousingWire talking about various aspects of Blockchain for Mortgage Industry

Debbie Hoffman in HousingWire talking about various aspects of Blockchain for Mortgage Industry

HousingWire

Debbie Hoffman, Chief Legal Officer at Digital Risk was recently published in HousingWire Magazine for her article titled “From bitcoin to blockchain: How the new ledger tech can morph the mortgage industry” co-authored with Matt Oguz.

Blockchain has morphed into an incredible technology tool that can be utilized across industries in a variety of capacities, including in mortgage lending.
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Drew Vandermay of Digital Risk named to HousingWire’s Rising Star 2017

Drew Vandermay of Digital Risk named to HousingWire’s Rising Star 2017

Drew Vandermay, AVP, Valuation Services at Digital Risk, LLC has been named a winner of Housing Wire’s Rising Star Award for 2017

Each year, the HousingWire editorial staff selects top professionals representing a variety of occupations within the housing industry, but all of them demonstrate leadership and innovation that not only inspires those within their own companies, but also in their communities and in the industry at large.

According to the magazine, some of HW’s 2017 Rising Stars have worked their way up in traditional mortgage companies, while others started their own businesses. They have made their mark in marketing, fintech, economics, compliance, operations management, business development and asset management.
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Mortgages Are Bad for the Environment. Here’s What Can You Do About It

Mortgages Are Bad for the Environment. Here’s What Can You Do About It.

credit.com

Leo Loomie, SVP Business Development at Digital Risk LLC, Florida was recently published on Credit.com in the article titled “Mortgages Are Bad for the Environment. Here’s What Can You Do About It” regarding the impact of technology on the environmental impact of the mortgage process.

Mortgage industry is definitely paper intensive but exactly how much paperwork Americans buying homes consume annually may come as a surprise. FreeandClear, a mortgage education website, says about 2.2 billion sheets of paper are used each year in this country for mortgages. That translates into 264,000 trees felled to print mortgage documentation.

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HELOC Survey @ TheStreet.com

Digital Risk was recently quoted in TheStreet.com for its recent survey on HELOC. The article titled You Have No Idea How to Use a Home Equity Line of Credit highlights interesting statistics from the survey.

US consumers have no problem piling up debt, but they’re petrified of a home equity line of credit mostly because of lack of awareness. One in five are unfamiliar with HELOCs altogether, while 30% do not know how to apply for one!
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As Interest Rates Fall

As Interest Rates Rise and Fall

Jay Hinton, Senior Director in Corporate Quality and Compliance at Digital Risk, recently got published in BAI.org in his article titled “As interest rates rise and fall, behold the constant of quality control” discussing the impact of fluctuating interest rates on quality control.

While designing a quality control group, consistency is something which is looked at to ensure that the mortgage applications meet forecasted expectations, defects identified and coached to the disappearance of issues and zero percent attrition.
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Debbie Hoffman Equal Lending Fair Lending

Debbie Hoffman on Equal Lending or Fair Lending

Debbie K Hoffman, Chief Legal Office, Digital Risk; recently featured in Secondary Marketing Executive Magazine in her article titled “Equal Lending or Fair Lending” co-authored along with Rick Roque discussing the impact of Fair Lending violations subjecting the institution to regulatory penalties , operational and technical changes.

Earlier, lenders would engage in lending practices, knowingly or unknowingly, which were predatory in nature and thus, steered borrowers to higher-paying loans. In a lot of cases, lenders violated the fair lending law unaware, which was primarily due to a lack of clear guidance, a true misunderstanding of the law, lack of technology or processes to detect unacceptable variances, or a lender’s lack of focus.

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Digital Trends in Home Purchasing

Digital Trends in Home Purchasing

Debbie Hoffman, Chief Legal Officer at Digital Risk, LLC, recently published an enlightening piece titled “Digital Trends in Home Purchasing”

There is a whole virtual world existing parallel to the real human world. There are websites and apps for anything and everything. If you were looking for a house, you won’t call up the agent, instead you will go to Trulio. Need the house tour? Just login Redfin and get an online tour sitting at your workplace and similarly many apps to calculate a mortgage payment. The millennial generation who exist in both the worlds effortlessly are expecting to buy a home too entirely online.

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Debbie Hoffman on Bloomberg Radio Regarding Trump Rolling Back Dodd-Frank

Bloomberg Radio

 

Debbie Hoffman, Chief Legal Officer, Digital Risk recently spoke to Bloomberg radio regarding Trump’s effects on Finance Industry

Debbie amongst other who’s who of the Finance world spoke about the impact of Trump’s deregulation of policies and predicted that it might actually make financial firms more likely to use third party services.

Finance firms currently are spending as much as one fifth of their revenues on compliance as they find themselves under scrutiny like never before. Historically banks were pretty hesitant to outsource because of heavy handed Dodd Frank which is anticipated be eased now but there are still other kinds of regulations like FEC for which they will require the third party vendors to comply with. They will be more likely to outsource because they will be less scared now of getting a canopy under Dodd Frank Act.

Listen to the full Radio clip on Trump Rolling Back Dodd-Frank and its effects on Finance Industry by press play on the audio file.

Curious about Debbie Hoffman? Learn more about her on LinkedIn.