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Digital Risk In The News

Bucking Trend, Digital Risk Expands Operations, Adds Personnel

200 New Employees Coming on Board This Year to Meet Mortgage Investors’ Demand for Greater Scrutiny of Loans

Orlando (September 21, 2007) - At a time when the mortgage industry is contracting as never before and headlines ring with little else but tales of woe, one company is seizing upon opportunities in the marketplace by expanding its client roster and staff of industry professionals.

Digital Risk LLC, a one-stop, risk mitigation and due diligence firm serving the financial services industry, is hiring some 200 mortgage industry professionals this year. These are high-paying jobs for expert underwriters with five or more years’ experience.

"The best candidates are those who have gone through different mortgage positions and understand the origination and securitization process," says Peter Kassabov, chief executive officer of Digital Risk. "We are investing heavily training employees in forensic underwriting, regulatory compliance and secondary markets requirements. Wall Street’s demand for our due diligence services is extremely high and our only constraint is hiring and training experienced staff."

"In the past," says Kassabov, "the mortgage industry was origination-centric, that is, focused on originating and selling loans. Now, however, it’s a buyer’s market; investors are dictating operations," he notes. "We are training people to understand good investments and look at how a loan will perform. Mortgage lenders are reengineering expectations and we can help them determine what good mortgagebacked securities looks like."

The company has offices in Dallas and Jacksonville, but all new employees will join its downtown Orlando operations. Interested candidates should contact Cheri Bransford, Director, Corporate Services, Digital Risk LLC, 407-641-0729.

About Digital Risk

Digital Risk, LLC provides reliable, one-stop risk mitigation solutions for the loan origination industry. The Dallas, Texas-based company partners with all available governmental and privately held data sources, giving clients information necessary for proper application due diligence.