A mortgage compliance firm based in Florida plans to increase its staff by a thousand people. The open positions include appraisers, attorneys and underwriters.
Word of the recruiting campaign came Wednesday from Digital Risk.
The Maitland, Fla.-based firm said that it plans to hire the new employees this year.
Among the available jobs are experienced underwriters, attorneys and processors as well as compliance experts and appraisers.
Digital Risk said that company headcount is expected increase to 2,300 by the end of 2012. Headcount now stands at 1,300.
Florida offices in Orlando and Jacksonville are expected to reach their maximum capacity by this spring. But it’s possible more Florida offices could be opened by next month.
In addition, existing facilities in California, Dallas and Denver could be expanded.
The risk-management and compliance solutions provider noted that housing market dynamics and the regulatory environment are behind the growth. Digital Risk said that compliance and risk management now dominate every aspect of the mortgage business.
A new suite of foreclosure services, including attorney compliance reviews, are also behind the growth.
Also helping to spur growth are new services that cater to originators and investors, as well as the need to utilize “skilled human judgment” in conjunction with automated underwriting.
“We currently conduct a rigorous analysis on over $8 billion in performing and non-performing loans each month which we expect to double by year end due to significant demand for our component servicing, underwriting and compliance solutions,” Digital Risk Chief Executive Officer Peter Kassabov said in the announcement.
The CEO predicts that the company’s default analytics are expected to generate 300,000 loan modifications this year.
