Laura Williamson in Scotsman Guide talking about HMDA readiness

Laura Williamson in Scotsman Guide talking about HMDA readiness

Scotsman Guide

Laura Williamson, SVP Client Services at Digital Risk was recently quoted in Scotsman Guide in the article entitled “Vendors: There’s still time to prepare for HMDA”, regarding the preparation financial institutions will need to go through to begin collecting much more detailed data about loans and borrowers under the Home Mortgage Disclosure Act (HMDA).

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Americans View The Health Of The Housing Market As Improved And Owning A Home As A Good Investment

Americans View The Health Of The Housing Market As Improved And Owning A Home As A Good Investment

Click The Image To View The Full Infographic Survey Results

 

Survey by Digital Risk also finds mixed view of housing regulations, desire for streamlined process; most not ready to apply via smartphone.

MAITLAND, Fla.,July 12, 2017 /PRNewswire/ — A decade after the housing crisis, a majority of homeowners perceive the housing market as having strengthened, and an overwhelming number of respondents view owning a house as a solid investment, according to survey data released today by Digital Risk, a national leader in mortgage outsourcing solutions.

The survey indicated that over half of homeowners believe the housing market in their region and nationwide has improved. It also found that the majority of homeowners (91%) and renters (83%) view home ownership as a good investment. The survey of 1,057 U.S. homeowners and 509 renters was conducted between May 26 and June 2.

Confidence in the housing sector is being driven by a noticeable increase in home values. Eighty-seven percent of homeowners have seen their appraisal values holding or increasing, while just 12% saw a decrease. Sixteen percent saw gains of more than 20% in value.
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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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home equity lines of credit

Potential borrowers unfamiliar with or reluctant to obtain home equity lines of credit; Fed rate hikes discouraging applicants

MAITLAND, Fla. – APRIL 27, 2017 — A decade after the housing market crisis, most homeowners say they are reluctant to take out home equity lines of credit (HELOCs) to meet other financial needs. At the same time, one in five are unfamiliar with the common loan instrument and 30 percent do not know how to apply for one, according to survey data released today.

The survey of 1,038 U.S. homeowners by Digital Risk, the nation’s largest independent processor of mortgage loans, also found that ongoing hikes in interest rates by the Federal Reserve are deterring 92 percent of those who might borrow HELOCs from applying at this time.

The survey of was taken March 14-18, just as Chairwoman Janet Yellen announced an increase in the benchmark federal funds rate by 0.25 percent.
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