Jeff Taylor co-founded Digital Risk in 2005 preceding the subprime meltdown in the mortgage industry because he saw the lack of credit, income and identity checks as a significant risk for fraud and wanted to mitigate this potential issue.
He saw an opportunity to help financial institutions better detect mortgage risk and fraud and avoid the environment that led to the financial crisis. Digital Risk’s goal has always been to deliver custom technology products combined with the human element of expert forensic underwriters, allowing financial institutions to enjoy 360-degree portfolio management while maximizing returns and minimizing losses.
A native Floridian, Taylor has grown the company from eight employees in an Orlando, Florida, office to nearly 2,000 employees, eight offices, approximately $150 million in annual revenue and $125 billion in total loan reviews.
Digital Risk is one of the nation’s largest independent providers of risk management, compliance and mortgage-related solutions. Taylor is responsible for enhancing Digital Risk’s brand as a thought leader and growing the business through sales, marketing and governmental initiatives.
Taylor’s leadership is unique in that he plays multiple pivotal roles in branding Digital Risk, selling its solutions, and overseeing its innovations, customer service and project execution. He led the business development team’s efforts in landing the company’s largest deal, a top 3 U.S. loan originator with more than $2 trillion in assets, making Digital Risk one of the largest residential mortgage fulfillment providers in the country.
The company has recently created a multilingual service center within one of its origination projects and secured an originations fulfillment client within the commercial real estate sector. As of 2013, Digital Risk is a wholly owned subsidiary of Mphasis (an HP Company), where it’s working together on several technology and business intelligence solutions that will be rolled out in 2016.
At the time of the acquisition, Mphasis CEO Ganesh Ayyar said that “Digital Risk offers highly specialized services in the areas of risk and compliance specific to the mortgage industry,” and cited Digital Risk’s analytics platform, mortgage specialists and strong brand as a unique fit with the Banglagore, India-based company.
Taylor has played an integral role in developing Digital Risk’s governance, risk and compliance product, TEGO (Total Enterprise Governance Oversight), and was a key contributor in developing a management reporting product, which has already received 75 servicer sign-ups.
Prior to Digital Risk, Taylor worked as a partner at Rapid Reporting Marketing Group, the first private company to contract with the Social Security Administration (SSA) for the authentication of Social Security numbers against the SSA database, and business development manager at Connextions Inc. He also founded American Transfer and Trust Inc., an SEC-licensed stock transfer agency.
On the philanthropic side, he supports The Taylor-Cata Charitable Foundation, which was created by his family over 20 years ago to bring food, medical supplies, educational opportunities and hope to the children of Tegucigalpa, Honduras.
Taylor continues to raise the company’s profile with frequent appearances on television and as a source in major print publications.
“Digital Risk is all about innovative solutions, superior service and flawless execution,” he said. “Our mission has always been to make mortgages safe, and we feel we’ve made significant progress toward reaching this vision through helping our clients enhance their quality, compliance and efficiency; by imparting our expertise on the industry; and even by offering commentary to governing bodies, such as the White House Business Council. All of this work has culminated in restoring confidence in the mortgage industry.”