The following changes were laid out in ML 2023-11 and were implemented through an update to WaterfallCalc on July 11, 2023. Per ML 2023-11, Non-Borrowers who have acquired Title Through Exempted Transfer should be considered for a Home Affordable Modification Program (FHA-HAMP). There will be a new box on the first page of the FHA module with the description, “Title: …
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To All WaterfallCalc Users, HUD has revised their borrower support options under the Dear Lender Letter 2023-04 for Section 184 & 184A, here are the crucial changes: Borrowers 90 days or more delinquent must be reviewed for the COVID-19 Loss Mitigation Options, no matter the reason for default until October 30, 2024. Loss Mitigation Advance …
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In May 2023, DLS WaterfallCalc transitioned to a new document system, Propel, to enhance your user experience. Key Highlights to note: Variations in document appearance: With the introduction of Propel, you may notice slight variations in the font, formatting, and overall appearance of your documents. Rest assured; these changes are intended to enhance the overall …
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