Editor’s Note: Subservicer Stands Out
Dovenmuehle Mortgage, Inc., a leader in mortgage subservicing, has received a Tier 1 Rating from the U.S. Department of Housing and Urban Development (HUD). This rating was awarded for Dovenmuehle’s Federal Housing Administration (FHA) servicing performance under HUD’s Tier Ranking System II (TRS II).
The TRS II assigns an “A” grade to Tier 1 performers and assesses servicers across multiple performance areas, including early delinquency intervention and Single Family Default Monitoring System (SFDMS) reporting. This top-tier designation highlights Dovenmuehle’s success in meeting FHA standards related to delinquent loan servicing, foreclosure prevention, loss mitigation and reporting requirements. A critical factor in achieving this Tier 1 rating was Dovenmuehle’s 100% Loss Mitigation Engagement score, which reflects the company’s proactive support for borrowers facing financial challenges.
“We take pride in receiving HUD’s Tier 1 rating, as it demonstrates our team’s dedication to high standards in FHA servicing,” said Dovenmuehle Senior Vice President of Default Administration, Ron Malik. “This rating not only reaffirms our team’s commitment to supporting FHA borrowers to help them preserve homeownership during periods of financial difficulties but also reflects our solid compliance practices and disciplined approach to loan servicing. These efforts safeguard our clients’ assets and the taxpayer-supported FHA insurance fund.”
The TRS II Scorecard, issued quarterly by HUD, assesses servicers’ effectiveness in borrower support strategies and adherence to delinquent servicing guidelines.
Tony Garritano is the founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 20 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting PROGRESS in Lending Association was the next step for someone like Tony, who has dedicated his entire career to providing mortgage executives with the information that they need to make informed technology decisions to help their businesses succeed.
