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.

Leo Loomie, SVP Business Development at Digital Risk LLC, Florida was recently published on 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 @

Digital Risk was recently quoted in 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 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.

The future is now

The Future is Now – Jeffrey Taylor on President Trump’s Impact on Housing

CTW Features

Jeffrey C. Taylor, Co-Founder and Managing Director at Digital Risk LLC, was recently published in CTW Features’ article titled “The Future is now” regarding the impact of the Trump Presidency and his policies on the housing industry.

The most prevalent question of the Trump Presidency is its effect on housing. Republicans and Democrats have contrasting opinions on the expectations. Positive impacts are speculated because Mr. Trump made his bones in real estate and his policies are favorable to businesses.
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ACC Docket’s Day In The Life – Debbie Hoffman

ACC Docket

Digital Risk’s Chief Legal Officer Debbie Hoffman has been profiled in ACC Docket’s “Day in the Life” section, which sheds some light on the CLO’s whopping 17-hour days! The ACC Docket, the monthly magazine for the Association of Corporate Counsel features a an hour-by-hour Day in the Life feature of a leading General Counsel or equivalent in each issue.

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Blockchain for Mortgages: Compelling, But Premature


Leo Loomie, Senior Vice President, Client Services at Digital Risk LLC, was recently published in Coindesk’s article titled “Blockchain for Mortgages: Compelling, But Premature?” regarding the imperative need of Blockchain in the Mortgage industry for the efficiencies and data integrity that it promises.

The huge size and vast amount of data within the mortgage industry demand for Blockchain technology. Loomie says “These are high-dollar transactions that are very painful. And anytime you can remove friction from the process is where you’re going to get traction.” clearly indicating his optimism about the technology and its potential.
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