Loss Mitigation Calculation Application

DLS Servicing created the WaterfallCalc.com web-based, loss mitigation evaluation and calculation application. WaterfallCalc.com can be used independently or in conjunction with DLS Servicing support services and provides the following:

• Accurate and compliant evaluations of homeowner supplied information, loan data and insurer and investor requirements to determine the loss mitigation option best suited for the default circumstance

• Performs the calculations based on published criteria for FHA, VA, Rural Housing, Fannie Mae, Freddie Mac, Section 184 Tribal Loans, and the Federal Home Loan Bank

• Allows the flexibility of proprietary loan types such as balloon loans, interest only, target payment reductions and customized new terms

• Performs the calculations for disaster and national emergency responses as required by all government agencies

• Fully integrated with Fannie Mae’s SMDU for calculations and reporting purposes

• Ability to order title products when required

• Ability to order modification or subordinate mortgage legal documents with calculation integration

• FHA loss mitigation claim processing through Catalyst

• Many other features