The proposed HAPPEX experiment at CEBAF employs a three cavity monitor system for high precision (1um), high bandwidth (100 kHz) position measurements. This is performed using a cavity triplet consisting of two TM110-mode cavities (one each for X and Y planes) combined with a conventional TM010-mode cavity for a phase and magnitude reference. Traditional systems have used the TM010 cavity output to directly down convert the BPM cavity signals to base band. The multi-channel HAPPEX digital receiver simultaneously I/Q samples each cavity and extracts position using a CORDIC algorithm. The hardware design consists of a RF receiver daughter board and a digital processor motherboard that resides in a VXI crate. The daughter board down converts 1.497 GHz signals from the TM010 cavity and X and Y signals from the TM110 cavities to 3 MHz and extracts the quadrature digital signals. The motherboard processes this data and computes beam intensity and X-Y positions with resolution of 1um, 100 kHz output bandwidth, and o verall latency of 1us. The results are available in both the analog and digital format.