The role of a divorce-trained CDLP® extends far beyond traditional mortgage services. CDLP®s are
uniquely equipped to collaborate with other divorce professionals, bridging gaps in understanding and
strategy to achieve better client outcomes. Let’s explore how this collaboration works, its benefits, and
how it transforms the divorce process into a smoother and more effective experience for everyone
involved.
The Unique Challenges of Divorce Settlements Involving Real Estate and Mortgages
Divorce settlements involving real estate and mortgage planning present unique challenges that require
a multidisciplinary approach. These include:
Complex Financial Decisions: Determining the best course of action for the marital home—
whether to sell, refinance, or execute an equity buyout—requires careful consideration of financial,
legal, and tax implications.
1.
Emotional Impact: Clients navigating divorce often struggle to make rational decisions about their
home due to emotional attachment and stress.
2.
Legal Nuances: The division of property, title issues, and ownership rights can create legal
complexities that must be addressed with precision.
3.
Underwriting Guidelines: Mortgage financing during divorce involves specific underwriting
challenges, particularly when support income or credit concerns are involved.
4.
BRIDGING THE GAP WITH
COLLABORATION
Divorce is one of life’s most challenging transitions, often bringing with it a complex tangle of financial and
emotional issues. For many divorcing couples, the marital home represents their most valuable asset,
making real estate and mortgage decisions a critical part of the settlement process. This complexity requires
a team approach, where mediators, attorneys, financial planners, and Certified Divorce Lending
Professionals (CDLP®) work together to provide comprehensive solutions.
HOW MEDIATORS, ATTORNEYS, AND FINANCIAL PLANNERS COLLABORATE
WITH DIVORCE-TRAINED CDLP®S
Written by Jody Bruns, President Divorce Lending Association
05 DIVORCE REAL ESTATE & MORTGAGE JOURNAL