
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:
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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
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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
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Allows the flexibility of proprietary loan types such as balloon loans, interest only, target payment reductions and customized new terms
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Performs the calculations for disaster and national emergency responses as required by all government agencies
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Fully integrated with Fannie Mae’s SMDU for calculations and reporting purposes
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Ability to order title products when required
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Ability to order modification or subordinate mortgage legal documents with calculation integration
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FHA loss mitigation claim processing through Catalyst
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Many other features