In order to for any long-term economic recovery for the country, Peter Kassabov, chairman and CEO of Digital Risk, said it is important for companies to invest in and train their employees in order to remain in compliance with federal regulations.
Digital Risk’s CEO recently provided his insights to the White House Business Council during a Business Forward event, which brought together business executives to help brief Obama Administration officials on ways to drive job growth and what the government can do with their future policymaking process.
Digital Risk is a risk management and compliance solutions provider that offers buyers and sellers of mortgages and mortgage-backed securities the analytical and technological services they need to fulfill their business objectives. The Digital Risk platform delivers transparency at the loan level and risk assessment throughout the entire mortgage value chain.
“On top of Digital Risk’s many corporate goals, our overreaching strategic objective is to help restore confidence in the mortgage industry,” Kassabov said. “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.”
Earlier this year, Digital Risk announced that more than 1,000 full-time professional employees are going to have the opportunity to join the Orlando, Fl.-based company 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,” Kassabov added. “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.”
