NEW YORK CITY-Industry groups are calling on federal regulators, ratings agencies, deal sponsors, originators and investors to come up with a uniform set of standards to increase transparency in underwriting, fraud and regulatory compliance throughout the real estate industry, said Digital Risk LLC, a provider of mortgage risk solutions at the Mortgage Bankers Association National Secondary Market Conference in Midtown Manhattan on May 8.

The firm, which provides compliance and transaction management services to both the residential and commercial real estate industry, is working to build a consortium of mortgage professionals who can create guidelines that include actionable and reliable methodologies, as well as reforms to the federal Real Estate Settlement Procedures Act, or RESPA, under the US Department of Housing and Urban Development.

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