BLOOMINGDALE, N.J. (PRWEB) February 12, 2019
Marc Demetriou, Branch Manager/Mortgage Consultant of Residential Home Funding Corp. has just completed training and is now a Certified Divorce Lending Professional (CDLP).
Divorce Lending Professionals are residential mortgage professionals specializing in working with divorcing clients and other divorcing professionals such as family law attorneys and financial planners. A Certified Divorce Lending Professional brings the financial knowledge and expertise of a solid understanding of the connection between Divorce and Family Law, IRS Tax Rules and mortgage financing strategies as they all relate to real estate and divorce.
This specific training allows them to help their divorcing clients and their professional divorce teams recognize potential obstacles and opportunities related to real estate and mortgage financing helping to set clients up for success post decree.
For example, most mortgage professionals don’t know that, in some circumstances, support payments (excluding child support) can be considered negative income rather than a liability which helps to reduce debt to income ratios or that the division of equity must be determined in the Homestead section of the divorce settlement agreement in order for a refinance not to be considered a cash out refinance resulting in higher interest rates and tighter loan to value restrictions.
Since divorcing couples comprise a large portion of the real estate market, CDLPs are an important member of the professional divorce team. A CDLP who understands the special problems and laws that govern the dissolution of marriage can be a great asset at a very difficult time to both the divorcing client and the professional divorce team.
About Divorce Lending Association
Founded in 2014, the Divorce Lending Association provides education and training to mortgage professionals working in the divorce market through very comprehensive certification programs, educational webinars and a business building platform. Our mission is to ensure that divorcing clients are provided with expert advice with their mortgage financing and real estate options, in an effort to avoid hurdles or identify opportunities as they relate to family and real estate law, tax rules, mortgage financing and real estate during divorce. For more information, see: http://www.DivorceLendingAssociation.com
About Marc Demetriou
Marc is a top-rated speaker and mortgage expert who has appeared at the Mastermind Summit along with world-renowned motivational speaker Tony Robbins and Barbara Corcoran from ABC Television’s Shark Tank. As an authority on real estate and finance, he has been quoted in articles in The New York Times, Reuters, the Associated Press, Huffington Post and many other local and national publications and media outlets. He has been consistently ranked in the top 1 percent of loan originations in the country by Scotsman’s Guide, Mortgage Executive Magazine and National Mortgage Professional Magazine, and received the “Forty Under 40” award as one of the 40 most successful business professionals in NJ. He is a certified and licensed instructor, offering continuing education credits to accountants, realtors, financial planners and managed care professionals throughout NJ. Marc has been the top producer and a member of the President’s Club at Residential Home Funding Corp. from 2006-2018. Marc is a licensed mortgage banker/broker in NJ, NY, CT, PA, NC, SC and FL. He can be reached at email@example.com or at http://www.marcdemetriou.com.