Leo Loomie on The Jon Sanchez Radio Show | Loosening Lending Requirements

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.

To learn more about Digital Risk offerings, write to info@digitalrisk.com

Mphasis – Digital Risk Named Major Contender in ‘Mortgage BPO – Service Provider Landscape with Services PEAK MatrixTM‘ report by Everest Group

Digital Risk LLC, an Mphasis company, a leading end to end originations, risk, compliance, and technology services company providing differentiated solutions to the mortgage, consumer lending, and other regulated industries, today announced that it has been recognized as a Major Contender by Everest Group, a consulting and research firm focused on strategic IT, business services and sourcing, in its report titled: ‘Mortgage BPO – Service Provider Landscape with Services PEAK MatrixTM’.

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Leo Loomie on the Financial Quarterback Radio Show talking about Digital Mortgages

Leo Loomie, SVP, Client Services at Digital Risk, LLC recently appeared on the Financial Quarterback Radio Show talking about Digital Mortgages and the sudden down swing in the market last week. Leo sees the economy being fundamentally strong and with wages being up and interest rates relatively low, it’s a good time to invest says Leo.

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MReport covers Digital Risk and Citi’s collaboration on LoanFxTM

Citi’s recent collaboration with Digital Risk for its digital mortgage platform, LoanFx has been covered in print by the prestigious MReport Magazine.

Digital Risk’s LoanFx is a fully integrated Digital Mortgage Front End platform, powered by a comprehensive technology suite that provides operational scale, in-depth mortgage domain expertise, utilizing enterprise grade data security and compliance.

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CITI TO OFFER DIGITAL RISK’s LoanFx™, A REVOLUTIONARY DIGITAL MORTGAGE PLATFORM FOR ENHANCED CUSTOMER EXPERIENCE

Digital Risk’s LoanFx™ To Provide CitiMortgage a Fully Digital Integrated Mortgage Origination Platform

 

Maitland, Fla.  –  (January 08, 2018) – Digital Risk LLC, an Mphasis company, a leading End to End Origination, risk, compliance, and technology services company providing differentiated solutions to the mortgage, consumer lending, and other regulated industries, today announced CitiMortgage as a marquee client for its digital mortgage platform, LoanFx.

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Jeff Taylor on Fox Business News discussing impact of tax reform on the Housing Market

Jeffrey Taylor appeared on Fox Business Network with host Cheryl Casone discussing how tax reform could impact the housing industry. Jeff provides his views discussing how recent housing reform will affect certain states locally, while nationally we still expect a 6% increase in property values YoY nationwide. Still, only time will tell, says Jeff.

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