TRID Exam Guidance

TRID Exam Guidance Leaves the Big Questions Unanswered

TRID Exam Guidance Leaves the Big Questions Unanswered
National Mortgage News (Origination News)
September 28, 2015

Debbie Hoffman was quoted in Origination News in regards to the new TRID exam guidelines’. The ruling revises the tolerance limits on fee increases. Origination News covers exactly how tolerances have been affected and what that means for the lender. Chief Legal Officer Deborah Hoffman gave her insight on the new changes aiding in its understanding.

“The importance here is that if tolerance limits are in place governing actions and addition of certain fees, should they be warranted, before the consumer has received the forms, then the lender may have to take a hit and pay for the fees out of pocket.”

Click below to read the full article on National Mortgage News(Origination News).

Jeff Taylor on Mornings With Maria – Interest rate hike key to jumpstart market?

Watch Jeff Taylor on Fox Business’ Mornings With Maria zero in on what will get the housing market going: An increase in interest rates. Jeff shares how a rise in interest rates should affect banks’ lending activity and borrowers’ motivation to buy. He also countered Yellen’s assertion that the housing sector is depressed, citing that housing indicators are at all-time highs. Do you agree with Jeff? To hear his take and his predictions for the market, tune in now.

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Managing Partner, Jeff Taylor on FOX
Record date: September 21, 2015

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Millennials and homes

Millennials: Why They’re Buying Homes And Why They’re Not

Millennials — Why They’re Buying Homes And Why They’re Not
Huffington Post
September 2, 2015
Jeff Taylor Was quoted in the Huffington Post in regards to Digital Risk’s Millennial Survey, in which 1,344 Millennials were surveyed about home buying and financing. Huffington Post covers the survey’s results and draws its own interesting conclusions.

There could be some interesting conclusions drawn from this survey. You can’t do anything about job prospects or their concerns and financial stability. However, if you want to sell a home to a Millennial, there are some things that look like they would grease the wheels.

Click below to read the full article on Huffington Post.


Hearing the Signal Before it Alarms

Hearing the Signal Before it Alarms
Inside Counsel
September 1, 2015
Debbie Hoffman Penned an article for Inside Counsel, about the difficulties that can arise as a result of a whistleblower. She said there is a degree of proactivity an organization can undertake to mitigate such possibilities.

Whistleblower: A word with tremendous power in the financial industry that can make companies, officers and executives cringe. Whether used in relation to a bank, lender, servicer or originator, a whistleblower can create a regulatory, financial and public relations nightmare.

The best method of compliance is prevention. Implementing internal companywide proactive measures is the most important action businesses can take to prevent whistleblower headlines on the front page of the newspapers.

Click below to read the full article on Inside Counsel.

Jeff Taylor covers breaking market news on Mornings with Maria

Jeff Taylor on Fox Business’ Mornings with Maria calming fears by pointing out that the rampant market volatility will NOT affect the housing sector. Jeff’s expert opinion is that although the markets are in turmoil, all housing sector indicators are up right now and point to a mini refinance boom. Quoting the Digital Risk Millennial Survey, Jeff stated that 42% of Millennial homebuyers needed parental financial assistance and that the market turndown may continue to dissuade them from buying homes. To hear Jeff’s predictions for consumer confidence, first-time homebuyer activity and Millennial reaction, tune in now.
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Digital Risk’s Millennial Survey shows the REAL factors keeping them from buying

Watch Jeff Taylor on CNBC World discuss Digital Risk’s recent Millennial Survey that explains the factors holding this generation back from purchasing property. The survey also indicates incentives that may entice them to enter the housing market sooner rather than later. To learn why Millennials are hesitant to buy and see Digital Risk’s survey results, tune in now.
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Digital Risk's Kimberly Lanham AndDana Gipson Honored As InfluentialWomen In Housing

Digital Risk’s Kimberly Lanham And Dana Gipson Honored As Influential Women In Housing

MAITLAND, Fla., Aug. 3, 2015 /PRNewswire/ — Digital Risk, LLC, an Orlando-based risk and compliance firm, is proud to announce that Kimberly Lanham, Vice President of Marketing & Public Relations, and Dana Gipson, Senior Director of Operations, have been selected as honorees for HousingWire’s “Influential Women in Housing” and MReport’s “Women in Housing,” respectively.

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Can You Get a Home Loan

Can You Get a Home Loan from Your Parents? Rules on Financial Assistance

Can You Get a Home Loan from Your Parents? Rules on Financial Assistance
July 27, 2015
Conventional loans have restrictions on financial gifts that vary on the borrower’s down payment percentage, says Jeff Taylor, a managing partner at Digital Risk. If a down payment is less than 20 percent, Freddie Mac requires at least 5 percent to be the borrower’s own money. Fannie Mae eased its rules last year and under some circumstances eligible borrower can have their entire down payment come from gifts, Taylor says.

Lenders require extensive paperwork in order to track the origin of all money used toward a home purchase, and gifts are no exception, Taylor says. All gift funds require a gift letter documenting the amount of the gift and stating that the money doesn’t have to be repaid, Taylor says, along with proof of when the funds were transferred. Jeff goes on to give more great advice to potential borrowers.

2015 HousingWire Women of Influence

Kim Lanham, Makes HousingWire’s 2015 Women of Influence List

Congratulations Kim Lanham, VP of Marketing for being recognized as HousingWire’s 2015 Women of Influence! HousingWire’s new August issue was released Friday July 31st, featuring 40 of the most influential women in the housing industry. Digital Risk and our people are honored to featured and recognized as industry thought leaders and influencers! The 2015 Women of Influence were selected based on their accomplishments, passion and leadership to drive the housing economy forward.