4072152900

I received several calls from this company and they introduced themselves and representing the PMI (mortgage insurance) company for a home that forclosed last year. They wanted to know if the purchase/loan was done properly. If their was any fraud on purchase/loan. Like a dummy, I answered a lot of questions and am now wondering if I will find myself regreting it later. NOTE TO EVERYONE, don't answer their questions, tell them to send them to you in writing so you can have an attorney look things over with you first. I don't think this company is fraud, but I do think they are a collection company of some sort or assisting Mortgage Insurance companies to see if buyer or banks commited fraud on loans especially the stated loans to see if they can go after borrower or bank to pay the balance due on loan.

Digital Risk is not a fraudulent company.  They contacted my employer as well and I called back and spoke with one of the managers.

My loan closed in 2006 and like you all, I was confused as to how any of this information was relevant. Basically, the authorization that we sign as home owners gives anyone who purchases my loan the right to re-verify any information that is in the loan package.  It's even listed in the *very* fine print on the applications you sign.  The authorizations do not expire however some companies have policies that do require current authorizations before they will release any information.

Companies who invest in the mortgages have every right to verify that the investment they are making is kosher so, they hire companies like digital risk to perform quality control audits on the loan files.  If everything comes back fine and all the original i's were dotted and the t's were crossed, the loan goes into a warehouse until the next investor buys it and perhaps hires another company similar to theirs to go back and do the same thing.

One of the biggest reasons that the mortgage industry fell apart was because of greedy brokers and fraudulant mortgage lenders who were creating, approving, and pushing through bad loans with false information in order to make them work.  Obviously, if you come in and say that you make $2500 per month as a file clerk but the loan won't work, the broker can fudge the numbers so it WILL go through but then you're responsible for mortgage payments that you can't pay, and then you go into default, and then foreclosure and..well, you get the idea.

Another thing I found out was that they don't only receive loans that are flagged for foreclosure or default - they even re-verify current loans with no lates on them whatsoever.  

So, if you or your employer get a phone call from them your identity is not being stolen (like I thought), they are not soliciting information (like I thought), and what they are doing is legal because the authorization that you sign at the time of application for your lender to request information has verbiage in it that states that re-verifications may be done, if any future lender chooses to do so, at any time.

Regardless if you no longer own your home, if your loan was modified, or if your loan was foreclosed upon 3 years ago - if you signed the note back in 2005 - whoever is now financially responsible for that note and owns that file can preform reverifications if they want.  

I hope this clears up some of the confusion and some of the fear that it sounds like some of you have.  

P.S.  You can place your number on the do-not-call list if you want to - but they are not a solicitor nor a telemarketer and therefore the rules of DNC do not apply to them.  (I asked that too)

Never ever give information to a 3rd party company.  Its a SCAM.  Protect yourself.

Received a call & fax requesting income verification for employee for 2005-2007. they attached a partial page of some loan document paperwork with only a blurred paragraph and signature & date from 2007.
I checked with the employee and found out it was probably paperwork on a mortgage he was foreclosed on.
I had both a phone number & an email address for the requesting person so I sent her an email telling her that the employee had declined release of that info.
Best to check with the employee first before assuming their signature is a valid release for any personal info.

Received unwanted call on my private phone at 1:25 PM today

Jenn,

I am also in the middle of a lawsuit against my mortgage company for illegally foreclosing on my home.  Can I ask how yours turned out and what state you are located in?

Thank you

They sent something to my HR department for a Verification of Employment and income...I did a lot of checking and I can't understand a single reason to share anything with them that doesn't have the potential of coming back to me. The short sales were done months ago and the closing docs signed...1099's have already been issued....even the way they asked for it was a little "cloak & daggerish" ......I'm not sure what they want, but I'm definitely skeptical. They get nothing from me.

I have never given out my cell phone number to any company. I have no bills except for my cell phone bill and therefore should never have been called. They asked for me by my maiden name and asked if I had any dealing with a house at a certain address and certain town. Now they should be able to tell from my cell phone area code that I was not in that state. I feel this is all coming through the cell phone company. They do have my cell number, of course, and must be giving out numbers to different places.

The lady that called me didn't say who she was associated with and when I said I had never heard of the place she was referring  to she said she had the wrong number and hung up. Makes one wonder...I mean she did have the right name.

Digital Risk called me and left a message for a request of verification of tax returns.  They wanted to send a FAX requesting the information.  It sounds like they wanted personal information which I, as a CPA, cannot do without client permission.  Let them get verification of tax information from the taxpayer or IRS (with the taxpayer's permission).

Both my wife and I received a phone call from Angie at Digital Risk.  We had a condo that went through a short sale and closed in July of this year.  Angie's voicemail to both my wife and I said that she was contacting us on behalf of the PMI for our former loan, and that it was neither a sales call or a collection call.  After reading some of these comments I called my previous employer and sure enough Digital Risk submitted an employment verification to them.  However, in my case the authorization I signed in 2007 explicitly stated that the verification was only valid for one year!  I've already contacted my lawyer about this.

This company is NOT a scam.  They perform loan reviews and request information regarding previous income, employment, assets, appraisals, etc.  This is to ensure proper lending procedures were performed at the time of your original mortgage.  Any information they are obtaining is in relation to this.  You can see www.DigitalRisk.com for more information.  Digital Risk has legal right to obtain this information as you signed releases when you closed on your original mortgage that carries with the file.  Everything they do is completely legitimate.  If you are unsure, you can always call and ask for a manager, who will happily explain your file and situation local 407-215-2900 or toll free 888-500-7475.  They are not a collection or solicitation company.  They are simply reviewing information in regards to the previous mortgage(s) held.

Digital Risk represents the Private Mortgage Insurance (PMI) company for your loan.  When your loan goes into default (for whatever reason) the bank files a claim with the PMI to recover the loss they (the bank) incurred on the loan.  The PMI is using Digital Risk to try and void the claim that the bank has filed with the PMI by proving that the loan itself was issued incorrectly to the borrower.  If Digital Risk can gather evidence that the information provided to the bank was incorrect, and the loan was issued that really shouldn't have been, the PMI will try to get out of paying the claim.  Digital Risk tries to gather information directly from the borrower via phone calls, or indirectly from previous employers through income verifications.  Digital Risk does provide the employer with the signed release authorization that the borrower signed at the time the original loan was taken out, however, those releases are not universal.  In my case, the release was only good for one year, and Digital Risk used it to get information anyway.  You are under *no* obligation whatsoever to provide any information to Digital Risk.  They are not working for you or your benefit, and there is no guarantee that if the PMI denies the claim from the bank that the bank won't turn around and try to sue the borrower for the loss on the loan.

Digital Risk represents the Private Mortgage Insurance (PMI) company for your loan.  When your loan goes into default (for whatever reason) the bank files a claim with the PMI to recover the loss they (the bank) incurred on the loan.  The PMI is using Digital Risk to try and void the claim that the bank has filed with the PMI by proving that the loan itself was issued incorrectly to the borrower.  If Digital Risk can gather evidence that the information provided to the bank was incorrect, and the loan was issued that really shouldn't have been, the PMI will try to get out of paying the claim.  Digital Risk tries to gather information directly from the borrower via phone calls, or indirectly from previous employers through income verifications.  Digital Risk does provide the employer with the signed release authorization that the borrower signed at the time the original loan was taken out, however, those releases are not universal.  In my case, the release was only good for one year, and Digital Risk used it to get information anyway.  You are under *no* obligation whatsoever to provide any information to Digital Risk.  They are not working for you or your benefit, and there is no guarantee that if the PMI denies the claim from the bank that the bank won't turn around and try to sue the borrower for the loss on the loan.

Most of the authorizations do not have an expiration date and also clearly state that they are authorizing quality control as well.

If you didn't commit fraud, then you would have nothing to worry about, if that was the case, which it is not. Digital Risk is not trying to collect anything!

Digital Risk is hired by Freddie, Fannie, and large banks. They are going through all loans looking for fraud.  They are actually protecting tons of people whose information was used in a fraudulent manner, by someone else, to commit loan fraud. Digital Risk is not in business to get individual borrowers in trouble, it trying to quantifies how much fraud has been committed.  They don't just call people to harass them. If they called a number, it was acquired from a loan application someone has already submitted. Id be pissed as hell if I found out someone used me to get a bad loan.
For your specific case, inquiring about a deceased person, Digital Risk has no way to know the person has deceased.  That persons name was used in a loan application. The people DR is "going after" for a lack of a better term is the big banks, Fannie and Freddie. Id be relieved someone is looking out for your deceased relatives identity and information.

My office manager received a fax from Digital Risk, asking that she verify my employment, and my income from back in 2006-2008.  My manager gave me the fax, and asked if I wanted her to fill out the requested information and return it to them.  I called Digital Risk, and spoke to a gentleman named Nilton Silva.  He told me that they were 'contracted' by Fannie Mae to verify that income claimed on loan applications were legitimate, and that they did this verification of employment and income whenever a loan was 'sold' back to Fannie Mae.  Not only did he fax a 'Request for Verification of Employment', but, he also faxed a copy of the 'Borrower's Certification/Verification Authorization/Financial Privacy Notice' that I had signed back in January of 2008.  I am not sure how Digital Risk obtained a copy of this document, (though I suspect they could have gotten it online through courthouse records in my county/state).  When I asked him how he had gotten it, he replied again that he was simply doing this at the behest of Fannie Mae, to verify that I had not made fraudulent statements on my loan application from four years ago.  When I told him that I had never heard of his company, and pointed out to him that Item Number 3 on my 'Verification Authorization' form states clearly that the authorization is ONLY for a period of ONE YEAR, he stated that if I chose not to return it, he would 'make a note on my file' indicating my refusal to comply, which was said in a somewhat threatening tone.  I told him I would research his company, and get back to him.  It would seem to me that Fannie Mae would have, prominently displayed, on THEIR website some reference to this company, who they are, and why they are contacting people FOUR YEARS after the fact, especially when the Verification form CLEARLY states the authorization is ONLY good for ONE YEAR.  Not sure what to make of this.  I am going to contact Fannie Mae through their website to try and verify this company is legit, and is not some Nigerian scam to get income information about me to be able to try and open accounts in my name.  BTW - I have been a full-time real estate agent for almost 20 years, and have NEVER heard of anything like this.  Be careful people, be VERY careful.

Iraida called at 3:50 am asking for human resources; said she didn't realize the time difference because she was in Florida; wanted to do a verification of emplyment (did not give employee's name); left phone number 407-215-2900 ext. 2106

They called my cell phone looking for my Husbands ex-wife. They said my phone number is in the public record which it isn't!

Received two calls from them - one yesterday afternoon and one today. Two different people left messages saying they were doing a post closing review on a property I purchased in 2007 and wanted to make sure I was properly represented by the loan officer at the time of that transaction. I have no idea why they are calling, this property was foreclosed on and also included in a bankruptcy filing and was taken out of my name last year. If they are indeed who they say they are, wouldn't they have this information since it's available in public records? I am not calling them back. As far as the law is concerned I am done and over this property and was told nothing about ever being contacted by some company asking me for loan info. It might not be a scam, based on the comments I've read through on here, but it sure sounds a little fishy. If I am not required by law to answer their questions, then I won't be doing so. And I hope they are not contacting former employers, because my financial life does NOT need to be disclosed to a former employer.