WaterfallCalc.com was created by Donna Schmidt, Managing Director of DLS Servicing Consultants, LLC and Andy Tabisz, President of WorkSmart Database Masters, LLC to accommodate the need for fair and consistent FHA loss mitigation. Donna Schmidt brings over 30 years of experience in the mortgage default industry. With DLS Servicing Consultants, LLC specializing in loss mitigation reviews, short sale/deed-in-lieu processing, and mortgage servicing consulting, Schmidt recognizes the current need for a program that handles FHA loss mitigation proficiently and accurately.
Partnering with Andy Tabisz of WorkSmart Database Masters, LLC, an established database developer and national speaker, WaterfallCalc.com was created to meet the demand of processing FHA Loans under the current, more complicated FHA Waterfall guidelines. WaterfallCalc.com is an affordable, user-friendly program designed to meet the needs of all FHA mortgage servicers.