MAITLAND, Fla., June 5, 2012 /PRNewswire/ -- Digital Risk, the nation's largest provider of mortgage risk, compliance and transaction management solutions, today announced that it has opened its newest office in Boca Raton, Florida, continuing the company's expansion plans for 2012. The office will employ approximately 150 people within the next 90 days. This office is part of the company's overall growth strategy.
Digital Risk's expansion into Boca Raton is to address customer needs. The company-wide growth is being driven by housing market dynamics and the regulatory environment, including:
- Expansion of the company's business model into the management of transactions on behalf of servicers, investors and, in particular, with originators
- Increased demand for the company's pre- and post-funding quality assurance services
- The shift of the pendulum from automated to manual underwriting and skilled human judgment
- Compliance and risk management now dominate every aspect of the mortgage business
- The recent addition of a new default management suite of solutions, including attorney compliance reviews
Positions available at the new office include experienced underwriters, processors, closers, compliance experts and appraisers. The company is accepting applications, and qualified individuals can apply for open positions on the Career page of the company's website.
"We have aggressive growth targets this year, and the opening of the Boca Raton office is a key component of our expansion plans," said Peter Kassabov, Digital Risk's chief executive officer. "Boca Raton offers a very qualified pool of potential employees, and a business environment that is welcoming to companies like Digital Risk."
"Boca Raton continues to attract desirable employers," said Susan Whelchel, mayor of the City of Boca Raton. "We're excited to have an innovative company like Digital Risk join our every-growing community of corporate citizens."
"We are thrilled that Digital Risk, with its impressive growth and commitment to creating quality jobs, has selected Palm Beach County, " stated Kelly Smallridge, president and CEO of the Business Development Board of Palm Beach County. "This marks the 17th relocation/expansion announcement to our county in the last seven months underscoring the fact that Palm Beach County is a great place to operate a business. Winning this company was the result of the city, county, Enterprise Florida and Workforce all working together to bring jobs to our residents."
About Digital Risk
Digital Risk, including its subsidiaries, is the leading provider of mortgage risk and compliance management solutions. The firm provides buyers and sellers of mortgages and mortgage-backed securities the analytical, technological and risk management services they need to generate alpha. Digital Risk's platform delivers transparency at the loan level and precise risk assessment throughout the entire mortgage value chain. With offices in New York, Dallas, Denver, Orlando, Jacksonville and Boca Raton, Digital Risk's 1,400 U.S. based employees serve the nation's leading servicers, originators, aggregators, and investors. Digital Risk is independent and not affiliated with an Originator, Issuer, Servicer, or Investor. For more information, visit www.digitalrisk.com.
Contact: Brandie Young
SOURCE Digital Risk