Dovenmuehle Mortgage Inc. and What Services do They Offer

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Convenience is the main attraction within every mortgage company’s office. In this case, Dovenmuehle Mortgage Inc. is overflowing you and other borrowers with it.

The mortgage loan process can sometimes be very troublesome. The continuous and simultaneous documents filling might take too much time. Using their online services, Dovenmuehle Mortgage Inc. provides each and every one of the mortgage borrowers with all the simplicity and convenience they need; just the right solution you need.

Dovenmuehle Mortgage Inc. and What Services do They Offer

Some Key Programs from Dovenmuehle Mortgage Inc

Dovenmuehle Mortgage is a mortgage sub-servicer company which engages its working environment under the hiring of savings agency, commercial banks, credit union, and other lending-based agencies to comply their regulatory affairs. Here are some of the best programs included in the Dovenmuehle Mortgage Inc.

1. Home Affordable Foreclosure Alternatives (“HAFA”)

The program HAFA, which is short for Home Affordable Foreclosure Alternatives accommodates property owners through an easy alternative way, a proven worthy solution to overcome their mortgage debt and avert expropriating process. This option can be chosen if the mortgage valued more than the property owned. Therefore, the debt can later be paid by putting the property on a short sale. The debtor is expected to resolve his/her mortgage through the sale of property, thus avoid home foreclosure. Yet, if they don’t want to be bothered by the process, HAFA allows the debtor to take it the easy way by handing over their certificate of ownership over the investor.

Aside from the mortgage value, there are some eligibility requirements that need to be met by applicants, which are:

  • Applicants have not made any house purchasing over the past year
  • Applicants have written documents referred to their personal burden
  • First mortgage value must be under $729.750
  • Mortgage obtained exactly on or before January 1, 2009
  • Applicants don’t possess any fund-related criminal history over the past 10 years. Said history are included theft, forgery, fraud, money laundering, felony larceny, and tax avoidance that related with property or mortgage trading.

If the applicants have met all the criteria, they may proceed to put their property on a short sale through Dovenmuehle Mortgage Inc. by providing a Short Sale Agreement (“SSA”) or an Alternative Request for Approval of Short Sale (“Alternative RASS”) document. In order to request for the SSA document, applicants are required to submit these documents listed below:

  • Written legal declaration of hardship that is being experienced
  • Residency evidence
  • Written file of subordinate lien
  • Complete financial acknowledgement form

Those documents will be collected to release a preapproved legal paperwork, and should be well considered before taken into action. Meanwhile, if the applicant wants to request for the Alternative RASS document instead, they then required to submit these specified documents:

  • Written legal declaration of hardship that is being experienced
  • Residency evidence
  • Written file of subordinate lien
  • Complete financial acknowledgement form
  • Memorandum of Ultimatum property listing
  • Contract documents on sale and purchase
  • Copy of authentic cash check
  • Buyer’s approval written letter
  • HUD-1

After the submission process, Dovenmuehle Mortgage Inc. will sort out and hold a short sale in hope to find any interested investor candidates. The short sale will be held for up to 120 days. If the property has been successfully offered before the time limit, the company will ask for approval and providing the debtor with 5 work days for the submission. Once the approval procedure has been taken care of, the debtor will be contacted by a person who expertise in the mortgage business to review their mortgage eligibility status. That is all to be expected from the Home Affordable Foreclosure Alternatives program.

2. The Mortgage Collaborative

Besides profit-based programs, Dovenmuehle Mortgage Inc. also mobilizes their best ability for their clients, both borrowers and lenders by providing a membership in The Mortgage Collaborative. To put it simply, Mortgage Collaborative is where all people from the mortgage industry meet and conduct their meeting altogether. Just like the name implied, it is a collaborative space where mortgage workers and clients assemble. They run powerful conference and interactive sessions which at the same time enclose their connections and relationships. The forum also set to become goal-oriented, where through this they achieved strong partnerships with large industry companies.

Why Consider Using Dovenmuehle Mortgage Inc?

Since first established in 1844 by Robert Malcolm, Dovenmuehle Mortgage Inc. has been serving a great number of financial agents and commercial banks for over 100 years. They have become the oldest and largest sub-serving company.

As of today, more than 250 financial agents recorded have been entrusting them with mortgage businesses. Through the enduring and unexpected fluctuation of global financial status, they succeeded in building not only a tough firm but also a market leader. Apart from that, here are more reasons why you should consider utilizing their mortgage service:

A. Business Approval

As the largest sub-serving company in the United States, this mortgage firm are approved and highly recommended by general financial institutions and many mortgage agencies, and National Association of Federal Credit Unions is also one of them.

B. Great Customer Support

Customer is a very important priority with Dovenmuehle. They are committed to administer the best offers and services anyone can get. Every customer is provided with a single contact person who will accommodate them to fulfill their needs, as well as making sure they are directly in touch with Dovenmuehle’s best programs.

C. Focus and Consistent

When they said sub-servicing, they really mean it. Every program and offer they have to offer are all based on more than a hundred years experiences. This mortgage firm does not buy any service portfolio, nor do they originate any mortgages. Their consistency and focus towards their customer’s service are what made them through.

If you ever interested, feel free to contact them directly. You can pay them a nice visit on 1 Corporate Dr. Ste 360, Lake Zurich, IL 60047 at 8:00 a.m. until 5:00 p.m. every Monday to Friday.

You can also contact their work number at 800-669-4268. Don’t hesitate to visit their website at http://www.dovenmuehle.com/ for more information. You could also read several previous customer reviews. Whether you’re a borrower or a lender, be sure to decide accordingly before processing anything with Dovenmuehle Mortgage Inc.