A Certified Divorce Lending Professional plays a critical role in guiding divorcing homeowners
through complex real estate and mortgage issues. Their expertise helps ensure that both parties
understand their rights, obligations, and opportunities. Specifically, a CDLP® can:
Explain Legal Protections: Clarify the provisions of the Garn-St. Germain Act and how
they apply to ownership transfers.
Assist with Successor in Interest Recognition: Help homeowners submit the proper
documentation to lenders to gain access to mortgage information.
Explore Mortgage Solutions: Identify options for refinancing, equity buyouts, or loan
modifications based on underwriting guidelines.
Reduce Financial Risk: Provide strategies to prevent ongoing liability for both parties,
ensuring that financial responsibilities are clearly defined and manageable.
How a CDLP® Supports Divorcing Homeowners
"A house is just bricks and beams, but your
future is built on the choices you make today.
Navigate your divorce with strategy, not
emotion."
How The CFPB Amendment Helps Divorcing Homeowners
Prior to the CFPB's changes, successors in interest often faced significant obstacles when trying
to access mortgage information.
Lenders were not always required to recognize these individuals or share loan details, creating
frustration and delays.
The CFPB amendments now require servicers to verify and formally recognize successors in
interest, ensuring they can:
Receive mortgage account information
Discuss potential loan modifications
Address payment and servicing concerns
By ensuring access to mortgage details, the CFPB has empowered divorcing homeowners to
take greater control over their financial stability. A CDLP® can help homeowners navigate the
process of becoming a successor in interest, ensuring all necessary documentation—such as
divorce decrees and property transfer agreements—is submitted correctly to the lender.
07 DIVORCE REAL ESTATE & MORTGAGE JOURNAL