Mortgage subservicer Dovenmuehle Mortgage has received a Tier 1 Rating from the U.S. Department of Housing and Urban Development (HUD) for its 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,” says Ron Malik, senior vice president of default administration, Dovenmuehle, in a release. “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.