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Digital Risk Chairman Provides Mortgage Industry Perspective to White House Business Council
Kassabov Says Corporate America Needs to Invest in and Train Employees
The Business Forward event brought Mr. Kassabov and other business leaders together to brief senior White House officials on ways to drive job growth and what government can be doing to help.
Mr. Kassabov’s message to the Administration was that for a “long-term economic and jobs recovery, the key will be for companies to invest in and train employees.”
“On top of Digital Risk’s many corporate goals, our overreaching strategic objective is to help restore confidence in the mortgage industry,” says Mr. Kassabov. “A smart way to achieve success to that end is to work with the administration to incentivize on-the-job training. A highly trained workforce is the key ingredient to reliable companies and a strengthened economy.”
Florida-based Digital Risk recently reported plans to add more than 1,000 full-time, U.S.-based, professional positions in 2012. On average, Digital Risk spends over $10,000 on training each employee to prevent fraud in the mortgage industry, including attaining licenses based on the latest and most important regulations.
“We see too many of our competitors contracting out their work,” says Mr. Kassabov. “For our part we’re too bullish on our industry and too optimistic about the economy to not train full-time employees. We’re building a company to last by investing in our employees.”
This week’s Business Forward event was one of a series of roundtables and briefings designed to bring select business leaders like Mr. Kassabov into the policymaking process.
About Digital Risk, LLC
Digital Risk is the leading 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 1,300 professionals, and soon to be 2,300, the Company is privileged to serve the nation's leading servicers, originators, aggregators and investors. Digital Risk is independent and not affiliated with an originator, issuer, servicer or investor. Headquartered in Orlando, Digital Risk has additional operations in New York, Dallas, Denver, Boca Raton and Jacksonville.
San Francisco, CA