DLS Servicing

DLS Servicing

Financial Services

Grand Rapids, Michigan 535 followers

Providing technology solutions for calculating mortgage home retention options, training, and internal QC.

About us

Say Hello to Optimized Mortgage Servicing DLS Servicing was founded by seasoned servicing experts to help mortgage servicers overcome their regulatory challenges and maximize returns on delinquent and defaulted loans. We are more than just a mortgage servicing consulting firm. We work collaboratively with your team to overcome hurdles that keep your business from reaching its full potential. No matter how large or small your portfolio, our mission is to empower you with reliable, cost-effective services that perfectly align with your specific needs and budget. Consulting & Training Using our proprietary technology and methodologies, we’ll help you identify inefficiencies and areas for growth, develop strategies to optimize your processes, and train and equip your team to maintain compliance. Loss Mitigation Our customized, compliant strategies empower you to handle virtually any kind of default scenario, from short sales and deed-in-lieu to foreclosure claims and FHA first legal evaluations. Technology Services Gain real-time visibility into your portfolio and data-driven decisions that drive growth and profitability. Our proprietary technology was built to deliver actionable insights that allow you to identify trends, optimize processes, and maximize ROI. WaterfallCalc With our easy-to-use, online WaterfallCalc loss mitigation analysis tool, your team can quickly and accurately evaluate any default scenario and identify the best course of action, regardless of loan type. Our commitment to your success is unmatched. We stay ahead of the curve with the latest rules and regulations and constantly update our systems to ensure your compliance. With DLS Servicing guiding you every step of the way, you can reach your fullest potential. Discover a new era in mortgage servicing by contacting us today. (616) 570-0199 info@dls-servicing.com www.dls-servicing.com #MortgageServicing #servicingtechnology #LossMitigation #defaultservicing #defaultspecialists #

Industry
Financial Services
Company size
51-200 employees
Headquarters
Grand Rapids, Michigan
Type
Public Company
Founded
1995
Specialties
Loss Mit Reviews, Default Servicing, Procedure Writing, Audit Review/Response, Outsource Specialists, Short Sale/DIL, Sub-Servicer Oversight/Portfolio Reviews, FC Claims, Staff Education/Training, QC Analysis, WaterfallCalc.com, and Recordable Modification Docs

Locations

  • Primary

    5025 Plainfield Avenue, NE

    Grand Rapids, Michigan 49525, US

    Get directions

Employees at DLS Servicing

Updates

  • DLS Servicing reposted this

    📣 𝗔𝗿𝗲 𝗬𝗼𝘂 𝗥𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗙𝗛𝗔 𝗣𝗦𝗔? 𝗪𝗲 𝗔𝗿𝗲! As we kick off the new year and the FHA Payment Supplement Program (PSA) is officially in effect, the question is: 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗿𝗲𝗮𝗱𝘆? At 𝗪𝗮𝘁𝗲𝗿𝗳𝗮𝗹𝗹𝗖𝗮𝗹𝗰, our system has been ready for the PSA since April 2024. With hundreds of PSA reviews already processed in our system, we have gained invaluable insights into the complexities of the program. This hands-on experience has better equipped us to guide our clients through this transition. 𝗟𝗲𝘁’𝘀 𝗧𝗮𝗹𝗸! Whether you are just getting started or are already processing claims, we are here to share our expertise to help you prepare. We have learned a great deal through our preparation and are eager to help others navigate these changes with confidence. Reach out today to learn how we can support you through this transition. Together, we’ll ensure a seamless shift into the FHA PSA and set your team up for success. #FHA #PSA #WaterfallCalc #LossMitigation #MortgageProfessionals #Compliance #BusinessPreparedness

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  • DLS Servicing reposted this

    📣 𝗔𝗿𝗲 𝗬𝗼𝘂 𝗥𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗙𝗛𝗔 𝗣𝗦𝗔? 𝗪𝗲 𝗔𝗿𝗲! As we kick off the new year and the FHA Payment Supplement Program (PSA) is officially in effect, the question is: 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗿𝗲𝗮𝗱𝘆? At 𝗪𝗮𝘁𝗲𝗿𝗳𝗮𝗹𝗹𝗖𝗮𝗹𝗰, our system has been ready for the PSA since April 2024. With hundreds of PSA reviews already processed in our system, we have gained invaluable insights into the complexities of the program. This hands-on experience has better equipped us to guide our clients through this transition. 𝗟𝗲𝘁’𝘀 𝗧𝗮𝗹𝗸! Whether you are just getting started or are already processing claims, we are here to share our expertise to help you prepare. We have learned a great deal through our preparation and are eager to help others navigate these changes with confidence. Reach out today to learn how we can support you through this transition. Together, we’ll ensure a seamless shift into the FHA PSA and set your team up for success. #FHA #PSA #WaterfallCalc #LossMitigation #MortgageProfessionals #Compliance #BusinessPreparedness

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  • 📊 𝗧𝗿𝗲𝗻𝗱𝘀 𝗶𝗻 𝗙𝗛𝗔 𝗟𝗼𝗮𝗻 𝗠𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 Historically, loans that have included Partial Claims (PCs) – a temporary solution for borrowers who fall behind – have shown accelerating trends in recent years. Data from over 31,000 FHA loans processed through the WaterfallCalc loss mitigation application from January 2022 to November 2024 paints a concerning picture of increasing financial strain among borrowers. 🔑 𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: 𝗥𝗶𝘀𝗲 𝗶𝗻 𝗣𝗮𝗿𝘁𝗶𝗮𝗹 𝗖𝗹𝗮𝗶𝗺𝘀: ➤In 2022, only 5% of loans had prior Partial Claims. This figure surged to 20% in 2023, and by 2024, it has jumped to 34%. 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗦𝘁𝗮𝘁𝗲 𝗼𝗳 𝟮𝟬𝟮𝟰 𝗟𝗼𝗮𝗻𝘀: ➤𝟭𝟬% of loans processed this year have 𝗲𝘅𝗵𝗮𝘂𝘀𝘁𝗲𝗱 𝗮𝗹𝗹 𝘁𝗵𝗲𝗶𝗿 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗳𝘂𝗻𝗱𝘀. ➤𝟯𝟬% have 𝗹𝗲𝘀𝘀 𝘁𝗵𝗮𝗻 𝗵𝗮𝗹𝗳 of their funds remaining. 𝗟𝗼𝗮𝗻𝘀 𝘄𝗶𝘁𝗵 𝗣𝗿𝗶𝗼𝗿 𝗣𝗮𝗿𝘁𝗶𝗮𝗹 𝗖𝗹𝗮𝗶𝗺𝘀: ➤𝟯𝟮% of these loans have 𝗻𝗼 𝗳𝘂𝗻𝗱𝘀 𝗹𝗲𝗳𝘁. ➤A staggering 𝟴𝟲% have 𝗹𝗲𝘀𝘀 𝘁𝗵𝗮𝗻 𝗵𝗮𝗹𝗳 of their funds remaining. [𝘋𝘢𝘵𝘢 𝘧𝘳𝘰𝘮 𝘢 𝘴𝘢𝘮𝘱𝘭𝘦 𝘰𝘧 𝘍𝘏𝘈 𝘭𝘰𝘢𝘯𝘴 𝘦𝘯𝘵𝘦𝘳𝘦𝘥 𝘪𝘯𝘵𝘰 𝘵𝘩𝘦 𝘞𝘢𝘵𝘦𝘳𝘧𝘢𝘭𝘭𝘊𝘢𝘭𝘤 𝘭𝘰𝘴𝘴 𝘮𝘪𝘵𝘪𝘨𝘢𝘵𝘪𝘰𝘯 𝘤𝘢𝘭𝘤𝘶𝘭𝘢𝘵𝘪𝘰𝘯 𝘢𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘧𝘳𝘰𝘮 𝘑𝘢𝘯𝘶𝘢𝘳𝘺 1, 2022 𝘵𝘩𝘳𝘶 𝘕𝘰𝘷𝘦𝘮𝘣𝘦𝘳 14, 2024 – 𝘵𝘰𝘵𝘢𝘭 31,056 𝘭𝘰𝘢𝘯𝘴. 𝘈𝘴𝘴𝘶𝘮𝘦𝘴 𝘤𝘢𝘭𝘤𝘶𝘭𝘢𝘵𝘦𝘥 𝘰𝘱𝘵𝘪𝘰𝘯 𝘪𝘴 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦𝘥 𝘢𝘯𝘥 𝘤𝘭𝘢𝘪𝘮𝘴 𝘧𝘪𝘭𝘦𝘥.] The growing reliance on partial claims as a stopgap measure signals that many homeowners are facing financial distress. The repeat use of partial claims work to erode equity in the property. Are we missing an opportunity to bring sustainable solutions to support borrowers? Join the discussion. 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝗗𝗼𝗻𝗻𝗮 𝗦𝗰𝗵𝗺𝗶𝗱𝘁 – 𝗱𝘀𝗰𝗵𝗺𝗶𝗱𝘁@𝗱𝗹𝘀-𝘀𝗲𝗿𝘃𝗶𝗰𝗶𝗻𝗴.𝗰𝗼𝗺 #FHAloans #LossMitigation #MortgageIndustry #HousingSupport #FinancialStrain #MortgageRelief #SustainableSolutions #WaterfallCalc #Homeownership #HousingCrisis #FinancialServices

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  • Learn How to Prepare for FHA’s New Borrower Engagement Rules! Mortgage servicers have the opportunity to leverage FHA's new borrower engagement rules to lower default rates by making each borrower contact count. And we'll help you learn how! Join us for a live webinar where our CEO, Donna Schmidt, will break down everything you need to know about the FHA’s borrower engagement rules for mortgagors in default, and how to prepare for the January 1, 2025 deadline. Webinar Details: Tuesday, 11/19 1 pm, CST CLICK TO REGISTER: https://lnkd.in/gJi83NMx #FHA #LossMitigation #Compliance #MortgageServicing #Webinar #Servicing #Default

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  • View organization page for DLS Servicing, graphic

    535 followers

    🚨 Announcing upcoming WEBINAR to prepare for FHA’s Updated Borrower Engagement Requirements! 🚨 Starting January 1, 2025, FHA’s revised rules for engaging mortgagors in default will change how servicers connect with borrowers. Properly addressing these requirements can lead to lower default rates by making each borrower contact count. Join us for a live webinar where our CEO, Donna Schmidt, will break down everything you need to know about the FHA’s borrower engagement rules for mortgagors in default. Webinar Details: Tuesday, 11/19 1 pm, CST CLICK TO REGISTER: https://lnkd.in/gJi83NMx #FHA #LossMitigation #Compliance #MortgageServicing #Webinar #Servicing

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  • The October 2024 deadline for the Veterans Affairs Servicing Purchase (VASP) program is fast approaching. Are you prepared? Join our upcoming webinar where Donna Schmidt, CEO of DLS Servicing, will guide you through key compliance challenges and how to effectively implement the program. Learn critical details about capitalization, timelines, and more. Webinar Details: Thursday, October 3, 2024 1:00 pm CST Register today by clicking the link: https://lnkd.in/dRY5ms4W #VASP #LossMitigation #Compliance #MortgageServicing #Webinar

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  • View organization page for DLS Servicing, graphic

    535 followers

    Upcoming Webinar to Prepare for the VASP Compliance Deadline! Join us for a live webinar where our CEO, Donna Schmidt, will break down everything you need to know about the Veterans Affairs Servicing Purchase (VASP) program. We’ll cover compliance challenges, how to calculate capitalization, and key timelines as the October 2024 deadline approaches. Webinar Details: Thursday, October 3, 2024 1:00 pm CST Register today by clicking the link! #VASP #LossMitigation #Compliance #MortgageServicing #Webinar

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