, /PRNewswire-FirstCall/ — DJSP Enterprises, Inc. (Nasdaq: DJSP, DJSPW, DJSPU), one of the nation’s largest providers of processing services for the mortgage and real estate industries, has appointed to the newly created position of Chief Information Officer and Vice President effective .
whose clients include all of the top 10 and 17 of the top 20 mortgage servicers in , many of which have been customers for more than 10 years. operation. The Company has approximately 1,000 employees and contractors and is headquartered in , with additional operations in and . operations are supported by a scalable, low-cost back office operation in that provides data entry and document preparation support for the U.S. DJSP is the largest provider of processing services for the mortgage and real estate industries in and one of the largest in . The Company provides a wide range of processing services in connection with mortgages, mortgage defaults, title searches and abstracts, REO (bank-owned) properties, loan modifications, title insurance, loss mitigation, bankruptcy, related litigation and other services. The Company’s principal customer is the Law Offices of , P.A. The Company’s U.S.
The Company does not assume any obligation to update the information contained in this press release. Forward looking statements are statements that are not historical facts. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions, changing interpretations of generally accepted accounting principles; outcomes of government or other regulatory reviews, particularly those relating to the regulation of the practice of law; the impact of inquiries, investigations, litigation or other legal proceedings involving the Company or its affiliates, which, because of the nature of the Company’s business, have happened in the past to the Company and the Law Offices of , P.A.; the impact and cost of continued compliance with government or state bar regulations or requirements; legislation or other changes in the regulatory environment, particularly those impacting the mortgage default industry; unexpected changes adversely affecting the businesses in which the Company is engaged; fluctuations in customer demand; the Company’s ability to manage rapid growth; intensity of competition from other providers in the industry; general economic conditions, including improvements in the economic environment that slows or reverses the growth in the number of mortgage defaults, particularly in the ; the ability to efficiently expand its operations to other states or to provide services not currently provided by the Company; the impact and cost of complying with applicable SEC rules and regulation, many of which the Company will have to comply with for the first time after the closing of the business combination; geopolitical events and changes, as well as other relevant risks detailed in the Company’s filings with the U.S. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about DJSP Enterprises, Inc. Such forward-looking statements, based upon the current beliefs and expectations of the Company’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Securities and Exchange Commission, (the “SEC”), including its report on Form 20-F for the period ended and the Form 6-K filed with the SEC on containing the proxy statement relating to the Business Combination which was mailed to shareholders of the Company, in particular, those listed under “Risk Factors.” The information set forth herein should be read in light of such risks.
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