DEVAL is the only non-bank, Hispanic, woman-owned special loan servicer in the nation specializing in subservicing for residential real estate assets, primarily for Hispanic “high-touch” loans. DEVAL has provided financial, real estate and management consulting services to clients since 2002.
[Sponsored Content] Mortgage servicer DEVAL recently expanded its offerings to include mortgage loan origination, focusing on lending to the underserved Hispanic community, a fast-growing segment of homeowners.
Mortgage servicer DEVAL helps at-risk borrowers find affordable housing options by collaborating with a variety of government programs and resources that support loss mitigation efforts and enable borrowers to find alternative housing solutions if, and when, a loan modification or solution is not viable.
[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.
We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.