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I recived a voice mail on my phone at work requesting information on a former emplyee.  Only problem is that emplyeee passed away April 2013.  So i see no need to verify his emplyment as he is no longer here!!! I listened to the message twice and  could barely make out their phone number. I always verify number on line before I call to see if it's legit. So they can keep calling until our former emplyee rerturns from the dead!!

Previous employers notified me that they have received phone calls and faxes from DigitalRisk requesting employment dates and salary information about me.  Their fax sheet says it is from Tammy Hypes, Phone Number (904) 394-0508 x3328, Fax Number (407) 215-0030, address:  2301 Maitland Center Pkwy 165, Maitland, FL  (tammy.hypes@digitalrisk.com).  Their fax says they are "performing a Quality Control post-closing review".  I have not had any closings and I do not know how these people got my information or what they are trying to do. But they MOST DEFINITELY NOT LEGITIMATE!

This is not correct information about Digital Risk.  It almost sounds like someone at Digital Risk wrote this.

Only your current loan servicer may use your prior authorization. This company contacted my previous employers and i immediately contacted my mortgage company, who told me that Digital Risk is not affiliared with them or authorized.  After alot of research i believe this company is bogus and tries to obtain enough prior employer info to file your tax return befire you do. DO NOT BELIEVE A SINGLE POSITIVE STATEMENT WRITTEN BY OR ABOUT THEM IN THESE POSTS.

This post was written by someone at Digital Risk, their website is bogus and they are frauds.  They are trying to obtain prior employer info in order to file yor tax return before you do and take your refund.  ANY POSITIVE POSTS ABOUT THEM ARE WRITTEN BY THEM. YOU SHOULD CONTACT ATTORNEY GENERAL'S OFFICE AND REPORT THEM.

YUP!  EVERY PIECE OF INFO ABOUT THEM IS A COVER.  THEY ARE TRYING TO GATHER ENOUGH INFO TO FILE YOUR TAX RETURN BEFORE YOU DO.  THIS IS ABSOLUTELY TRUE. CONTACT YOUR STATE ATTY GENERAL AND FLORIDA ATYU GENERAL AND IRS WEBSITE

YUP!  EVERY PIECE OF INFO ABOUT THEM IS A COVER.  THEY ARE TRYING TO GATHER ENOUGH INFO TO FILE YOUR TAX RETURN BEFORE YOU DO.  THIS IS ABSOLUTELY TRUE. CONTACT YOUR STATE ATTY GENERAL AND FLORIDA ATYU GENERAL AND IRS WEBSITE

Digital Risk is a viable corporation in the forensics of loan mitigation. I know this to be true because my son has worked there almost since they opened the Maitland, FL facility. What's important to me about DR is that they're just another example of corporate greed in America today. They grew too fast, took tax payer money of nearly $2.5M from the State of Florida through multiple job creation programs, grew from 50 to over 1,500 employees and since October 2013 have now laid off over 1,200 of those same employees who helped them grow. In January 2013, the owner Peter Kassabov, sold the company to MphasiS, an India based subsidiary of Hewlett-Packard for a total of nearly $200M including $27-30M in benchmark performance payments. Now, some 1,200 employees are without jobs while this corporate raider stuffs his bank accounts with the proceeds of their hard work. If this bothers you as much as it bothers me, tell your congressman, representatives, family & friends and if enough noise is made maybe it will do some good. It's not going to save those lost jobs, but I personally would be just as satisfied if it forced them to take the business someplace else and have to move out of Florida.

As a Former Employee of Digital Risk This is NOT a Scam.  If anyone thinks that all banks "Own" the mortgage that they have they are wrong.  Mortgages get pooled together and investors buy them.  Your mortgage company is most likely just a servicer of the loan to collect your payment.  DR is hired by these investors to ensure that your mortgage broker did not "SCAM" the mortgage company.

And what did your lawyer say?
I received a call from my payroll department saying they received email from DR requesting '03, '04 & '05 income. Also was enclosed signed document to release info from me to them??.. Like others who have responded, I've never heard of this company.
I am very curious as to what your attorney said.
Thank you for your time.

That is completely untrue.

I am an employee of Digital Risk. I live in central florida and was born and raised in the USA. We are now owned by an India based company but all of the DR employees live in the US. Just because we are no longer owned by US citizens doesn't mean we should lose our jobs. That's like saying all Honda dealerships should shut down and fire all those American employees. Why do you want so many hard working Americans to lose our jobs? We are a global economy and I'm happy I have a job. FYI, many of those that lost their jobs have been rehired as new contracts have been signed for new projects. FYI, DR employees over 1,000 hard working Americans from Real Estate Appraisers, Underwriters, Mortgage experts, and all other positions that help keep a company running.

Except for that there is one HUGE problem with your understanding of this and the reason being that you probably never looked at your Borrower's Certification & Authorization after the day you signed it.  The authorization only authorizes the release of this information (and this is taken verbatim from the standard authorization that is used in all 50 states, which as an employer, I received) to: the "[l]ender and the mortgage guaranty insurer (if any)..." in line one, the "[l]ender, any investor to whom you may sell my mortgage, and to the mortgage guaranty insurer (if any)..." in line two, "[l]ender or any investor that purchases the mortgage, the mortgage guaranty insurer (if any)..." and "...any party named in the loan application." in line three and in the Right of Financial Privacy Act of 1978 disclosure it authorizes the release of information to the federal government if the application id for a HUD or VA loan... that's it!

It DOES NOT authorize the release of the information to ANY third-party verification companies acting on behalf of any of the parties mentioned above, Digital Risk or otherwise.  This is a binding document with VERY specific terms and if it's not, as we say in the legal industry, within the four corners of the document it's not to be presumed.

So, what it comes down to is that based on my experiences and the article I read in The Atlantic about this company, they engage in very shady practices on behalf of the mortgage industry to ferret out fraud on mortgage applications so the banks can attempt to recover losses incurred under fraudulent pretenses.  The fact is that if any employer provides Digital Risk this information based on receiving a Borrower's Certification & Authorization, they are opening themselves up to litigation because Digital Risk is not authorized by the employee/borrower to receive this information unless they specifically provide a written authorization to the employer authorizing the release of that information to Digital Risk.

http://www.theatlantic.com/magazine/archive/2012/06/csi-housing-bust/308977/

I wrote this as a reply to another post but in case you did't see it, I'm going to repost it here because it's important, especially for employers.

Digital Risk is indeed a legitimate company, but their practices are as shady as the banks that contract them and the lowest of low collection agencies.  Their job is to go through loan applications and find evidence of fraud so that the banks can attempt to recoup any losses.  But if you're an employer, I highly recommend against providing them any information and to read the authorization that they provide you very closely.

The signed and dated Borrower's Certification & Release form that Digital Risk is certainly open ended as far as the length of the term is concerned (could two years-old, could be 10 years-old like the one I received today) but Digital Risk  has no right to this information without the express written consent of the borrower/employee because the release that Digital Risk provides does not authorize them to receive the information.

The authorization only authorizes the release of this information (and this is taken verbatim from the standard authorization that is used in all 50 states, which as an employer, I received) to: the "[l]ender and the mortgage guaranty insurer (if any)..." in line one, the "[l]ender, any investor to whom you may sell my mortgage, and to the mortgage guaranty insurer (if any)..." in line two, "[l]ender or any investor that purchases the mortgage, the mortgage guaranty insurer (if any)..." and "...any party named in the loan application." in line three and in the Right of Financial Privacy Act of 1978 disclosure it authorizes the release of information to the federal government if the application id for a HUD or VA loan... that's it!

It DOES NOT authorize the release of the information to ANY third-party verification companies acting on behalf of any of the parties mentioned above, Digital Risk or otherwise.  This is a binding document with VERY specific terms and if it's not, as we say in the legal industry, within the four corners of the document it's not to be presumed.

So, what it comes down to is that based on my experiences and the article I read in The Atlantic about this company, they engage in very shady practices on behalf of the mortgage industry to ferret out fraud on mortgage applications so the banks can attempt to recover losses incurred under fraudulent pretenses.  The fact is that if any employer provides Digital Risk this information based on receiving a Borrower's Certification & Authorization, they are opening themselves up to litigation because Digital Risk is not authorized by the employee/borrower to receive this information unless they specifically provide a written authorization to the employer authorizing the release of that information to Digital Risk.

http://www.theatlantic.com/magazine/archive/2012/06/csi-housing-bust/308977/

I see both sides of this argument. I looks like they cant or shouldn't "legally" be doing this but, i don't see anyone here who has been adversly affected by the VoE's sent to their employers. For example, if you have been named as part of a lawsuit, or they took your tax return money, I would like to here about it. All that I see is that they questionabaly collect information from your employer then go away to fight with Brokers and Banks.
Am I missing something here?

I work for Digital Risk, when you sign your loan application (also called form 1003) in several different sentences on the IX. Acknowledgement and Agreement section that servicers, agents, successors, or assigns (any of which Digital Risk could be considered to fall under) can perform a review of any of the documents in the loan application both during the application process and as a part of a quality control review.  There is no expiration date on this authorization.  Borrower's Certification & Authorization forms, which are typically part of any loan application also have similar verbiage.

Last I heard, we employ over 1400 people, and I know the company has been expanding rapidly in the last year or so (there were major layoffs last year, and they are probably back to their original size).  If they were doing something illegal, how are they continually growing?

The only information Digital Risk is looking for during a post-closing Mortgage review just to verify information we already have in your loan file.  That's usually dates of employment and position if done verbally for an Employment Verification - if faxed they may request more information such as income for the year at closing, the previous year, and the year after closing.  You are not legally obligated to give any information, but it's not as if dates of employment and position in a company can be used against you in any meaningful way.  Simply state to the person trying to do the verification that you do not want to give out any of the information and they will move on.  If you are the borrower, I would highly suggest having your HR or Payroll department state such.

DR does NOT use the information to collect debts and they aren't looking for new information.  The primary purpose DR is hired out by companies is mortgage investors who purchased your loan want to go through and review the loan for any fraud, not necessarily committed by the borrowers, but the lenders as well and they typically target their legal team at Banks and Lenders not individuals.

I can understand the idea behind what they "say" they do. It is basically a company investigating ways for mortgage insurance companies, and similar companies, to deny claims due to incorrect info being submitted by someone acquiring a loan.

I just got a fax sent to my job last week asking for the same info from 05 06 07. So being that i am the one the verification comes to, I decided to call them to see what it was for. First off, the number that comes on the fax is some woman whos line goes direct to voice mail. So I left a message that I needed some more info before I could send the verification back. Once she calls back, I tell her who I am and want to know why she is requesting info about me. She proceeds to tell me she only works as a clerical type person gathering this info and works from home. So She gives me a supervisors number, whos phone also only goes to voice mail. Finally I get a call back from some supervisor named Lee, who explains to me that this is only to help verify there were no fraudulent documents or information and it has nothing to do with my current loan. All fine and dandy. Except he tells me that the info is being requested by Lehmann brothers for a loan that was processed through their subsidiary BNC mortgage.

Problem is, I never had a loan through BNC, or through Lehmann brothers to begin with. This subsidiary BNC was out of business since 07. I contact the mtg company that held my loan originally and they say no part of my loan was ever processed through, or held by, Lehmann brothers or any subsidiary.

So I tell this Lee this, and he says he will send me the documents they have to prove their claim, and so far, nothing. No call back, no email, nothing.

SO, maybe they do some legit work, but I can tell you , in this specific situation, something shady is definitely going on

Called to verify length of employment

Shawn O, thank you thank you thank you for this detailed explanation. After my wife's HR Dept receiving a fax today from "Freddie Mac" (not Digital Risk) for confidential employee information, including a signed copy of a "Borrower Auhtiization Form" (how the hell did they get that!!??) - and we saw "Maitland FL" on it, it smelt like something shady. We called them and gave them the riot act. How dare they! You are right, their business practices are SHADY, SHADY, SHADY. And the banks are behind this. They come before the public. Why does this not surprise me?

They called here in Georgia today while we were away. No message.