WaterfallCalc.com Releases Version 2.0 of Its Popular Loss Mitigation Software

GRAND RAPIDS, Mich. - July 28, 2015 - PRLog -- WaterfallCalc.com, the developer of the mortgage servicing industry’s premiere loss mitigation waterfall calculator, today announced the release of Version 2.0 of its popular software.

The software boasts a new streamlined, user-friendly look that provides more dashboard information at a glance.  Multiple enhancements were made including upgraded authentication security through Microsoft Live, data import/export capabilities, advanced management reporting configuration abilities, and easy-to-read charts for quick snapshot summaries.  Regulatory updates were also made to ensure compliance with recent Mortgagee Letter releases and FHA guidance.

“We are grateful to our long-time well-established partners for providing feedback on this software that they use on a daily basis, and we are excited to release these changes for them,” said Donna Schmidt, Co-Owner of WaterfallCalc.com.  “We are constantly looking for ways to extend the value of WaterfallCalc.com, and deliver the most useful, robust product.”

Within the next 90 days, WaterfallCalc.com plans to release WaterfallCalc.com 2.1, which will include the ability to create recordable mortgage modification and subordinate mortgage documents, based on the calculated results, in moments and at the touch of a button.  This exciting new enhancement will help eliminate the risk that a typographical error will lead to an indemnification or negative amortizing loan balance.

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.  WaterfallCalc.com is an affordable, user-friendly program designed to meet the needs of all FHA mortgage servicers.

Visit www.WaterfallCalc.com to learn more.