Digital Risk Receives Growth Capital

Posted by Orb Staff on May 19, 2009 No Comments
Categories : Residential Mortgage

nd, Fla.-based Digital Risk LLC has received growth capital from a private-equity fund that the company says will be used to enhance its risk mitigation offerings. Century Focused Fund II, which is sponsored and managed by Century Capital Management LLC, has made a significant equity investment in Digital Risk, which provides integrated predicted analytics and services for the mortgage industry. David C. Sherwood, managing director of Century Capital Management, says the fund sees "significant demand" for Digital Risk's services. "Risk managers must prevent the past from repeating itself, and Digital Risk's focus is to do just that," he says. The investment will allow Digital Risk to expand its loan review capacity and enhance its predictive analytics, according to the company's managing director and co-founder, Jeffrey Taylor. SOURCE: Digit

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