Streamline Loss Mitigation with WaterfallCalc

Implementation of ML 2023-11 for Enhanced Loss Mitigation Evaluation


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: Exempted Transfer”. When this box is selected as YES, the borrower will be reviewed for the FHA-HAMP. All other borrowers should be reviewed for the Covid-19 Recovery Home Retention Options.

What This Means for You:

As a user of our platform,, these updates will ensure that you are using the most up-to-date rules for evaluating loss mitigation options. Our tool is designed to quickly adapt to all such changes, ensuring you have access to the most accurate information and precise calculations. continues to be committed to offering a comprehensive, real-time loss mitigation analysis tool that streamlines the calculation process and minimizes the need for rework.

Stay tuned for more updates, and remember, we are here to help you navigate these changes and ensure that you stay compliant with industry standards.

Should you have any questions or require further clarification on the new implementation from ML 2023-11, please do not hesitate to reach out to us at