Jeffrey Taylor appeared live on Nasdaq TV in Time Square with host Jill Malandrino. Jeff talks about the Mphasis – Digital Risk proprietary Front2BackTM strategy and how firms should be embracing technology to build a more personalized user experience for their customers. Host Jill Malandrino and Jeff also cover various topics from digital disruption and the evolving due diligence landscape.
Joins Team Offering Guidance To Ensure Compliance, Quality and Confidence in Lending
MAY 21, 2018 — Digital Risk LLC today announced the appointment of Jim Jajtner as VP of Diligence Services. Jim has 18 years’ experience in underwriting, regulatory compliance, training, residential and commercial loan servicing, loss mitigation and collections in the mortgage industry.
Jeffrey Taylor, Co-Founder & Managing Director at Digital Risk, an Mphasis Company, was recently quoted in NBC News in the article titled “Biometrics are here: The crazy ways you’re going to be paying in the future” talking about the next-generation technology to track consumer spending.
Leo Loomie, SVP, Client Development at Digital Risk, an Mphasis company was quoted in BAI – Banking Strategies in the article titled “Changing the score: How alternative lenders rethink FICO ratings” talking about how lenders can incorporate factors beyond FICO scores to assess credit right.
MAITLAND, Fla., April 19, 2018 — Digital Risk LLC, an Mphasis company, a leading end-to-end origination, risk, compliance, due diligence and technology services company providing solutions to the mortgage, consumer lending, financial services and other regulated industries, today announced an agreement to integrate its LoanFx digital mortgage platform with Black Knight’s LoanSphere Empower loan origination system (LOS).
Former Goldman Sachs Exec Will Help Meet Surging Demand for Guidance to Ensure Compliance, Quality and Confidence in the Secondary Market
MAITLAND, Fla., APRIL 17, 2018 — Digital Risk LLC, an Mphasis company, an end-to-end origination, due diligence, compliance, and technology services company that partners with the mortgage, consumer lending, and financial services companies, today announced that Sadie J. Gurley has joined the company as Head of Diligence Services.
Leo Loomie, SVP, Client Development at Digital Risk, an Mphasis company was recently featured in a BanklessTimes.com article, “Compliance a crucial aspect of real estate lending technology” talking about the non-negotiable compliance challenges in the Lending Technology domain.
Leo Loomie, SVP, Client Services at Digital Risk, an Mphasis company was recently quoted in a MortgageLoan.com article, “Is a new housing bubble developing? Experts say no”.
Leo Loomie, SVP, Client Development at Digital Risk, an Mphasis company recently appeared on The Jon Sanchez Show talking about loosening mortgage lending requirements.
Reflecting on the current market, Leo asserts that affordability is still pretty solid, but inventory is a much bigger issue. With the cost of renting still high, it makes total sense to buy a home right now. Advising millennials, Leo says “Credit standards are actually loosening up a little bit, there are some great low down payment programs out there that younger buyers are not even aware of,” Leo encourages young home buyers to educate themselves on how the lending process works and the loan options available to manage debt responsibly. Underlining lending requirements, Leo goes on to say “Lenders are reducing their overlays, bad loans have been swept out of system, repurchase rates are at all-time historical lows right now and with the credit box tightened too far, there is sustainable room to loosen up the credit box.” With Digital Risk’s experience of handling numerous loans, Leo thinks Credit Quality is really strong right now.
Leo also reflected on the prominence of Digital Mortgages and how everything can be done on a smartphone now. Consumers have access to Loan Officers 24/7 if they need assistance and the advent of Artificial Intelligence has made great advances to the mortgage industry.
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Due diligence– a term used for a variety of concepts involving investigation of a loan prior to signing a contract, or an act with a certain ‘standard of care’. To ensure high standards of these standards of care, here are five tools that every service provider doing due diligence should be using: