MAITLAND, Fla., April 22, 2013 /PRNewswire/ -- Digital Risk, the nation's largest provider of mortgage risk, compliance, and transaction management solutions, today announced FASTLANE, its latest initiative to launch mortgage careers. The intensive on-the-job program will groom 600 new employees for a career in residential mortgage underwriting over the next three years.
While earning full, competitive salaries, those applicants selected will obtain the working experience and technical training needed to become highly proficient mortgage underwriters, gaining in six months what typically takes three to five years.
Applications are now being accepted for the first session, which will be held in the company's Maitland, Florida headquarters beginning May 20, 2013. Upcoming and recent college graduates with a Bachelor's degree (minimum 3.5 GPA) are invited to apply through the company website.
"Digital Risk's commitment to Making Mortgages Safe requires employees who are both career-minded and expertly trained," said CEO Peter Kassabov. "So, not only were we Florida's leading job creator in 2012, but we are now investing in incoming employees to ensure they receive the training to begin a career."
FASTLANE coursework will be organized into modules that cover the mortgage underwriting process and product guidelines as well as industry history. Specific training in file set-up, processing, underwriting, and other essential skills will be provided in instructor-led classes both onsite and online. The knowledge acquired each week will then be applied in practical hands-on assignments.
"We believe in giving new hires and long-term employees everything they need to succeed," said COO Omar Quddus. "Traditionally we invest around $10,000 per employee in superior vocational training designed to let them perform at their highest level. The 20 career-minded candidates chosen for each FASTLANE session will be 100% prepared to be underwriters and will continue their learning being mentored by a senior underwriter immediately following completion of the six-month training.
FASTLANE builds on the success of Digital Risk's 2012 job creation initiative, which it completed far ahead of its two-year projections. In December, the South Florida Sun-Sentinel reported that "the company already has met its commitment to bring 1,000 jobs to Florida," adding that it "created the most new jobs in the state this year, hiring 185 people in Boca Raton and more than 550 statewide." Data released by the Governor's office last July pointed out that the 1000 new jobs were on top of 1,300 jobs it had created in Florida since 2009.
Digital Risk plans to expand the program to its other locations in Florida and then across the country.
For more information and to apply online, visit the FASTLANE webpage.
About Digital Risk
Digital Risk, a wholly owned subsidiary of MphasiS, an HP company, is the largest provider of mortgage risk and compliance management solutions. The company provides buyers and sellers of mortgages and mortgage backed securities the analytical, technological and risk management services they need to achieve their goals. The Digital Risk platform delivers transparency at the loan level and precise risk assessment throughout the entire mortgage value chain. With over 1,700 U.S. based professionals, the company counts the nation's leading servicers, originators, aggregators and investors among its clients. Digital Risk is independent and not affiliated with any originator, issuer, servicer or investor. Headquartered in Orlando, Digital Risk has additional operations in New York, Dallas, Denver, Chicago, Boca Raton, Tampa and Jacksonville.
Contact: Brandie Young
SOURCE Digital Risk