Transforming Divorce with a Diverse Team: The Role of a Certified Divorce Lending Professional (CDLP®)

Everyone wants to be a game-changer, but few know how. In the context of divorce, having a diverse and skilled team can be the true game changer.

The Power of a Diverse Divorce Team

A well-rounded divorce team includes an attorney, financial planner, accountant, appraiser, mediator, and divorce mortgage planner. Each team member plays a crucial role in ensuring the divorcing client is set up for post-divorce success.

The Benefits of a Diverse Divorce Team

Knowledge Gap: Diverse skills allow the team to address specific problems more strategically, drawing on the collective expertise.
Perspective Gap: Multiple viewpoints enable the team to consider situations from various angles, leading to innovative solutions.
Experience Gap: Experience, whether through time or specialization, enhances the team’s problem-solving abilities.

Leadership involves achieving results through collaboration. Building a diverse team and utilizing each member’s unique contributions can lead to quicker success and better outcomes for the divorcing couple.

The Role of a CDLP® in the Divorce Team

A Certified Divorce Lending Professional (CDLP®) brings significant value to the divorce team during the settlement process. Their extensive knowledge of family law, financial and tax planning, real property, and mortgage financing sets them apart from other mortgage professionals.

Key Contributions of a CDLP®

Stronger Perspective: CDLPs understand the entire divorce process, offering a broader view and deeper understanding of how divorce impacts borrowers.
Financial Neutrality: Acting as impartial experts, CDLPs educate all participants about the financial implications of divorce, ensuring balanced and thorough financial evaluations.
Collaborative Functions:
- Providing solutions for immediate and future mortgage financing for both spouses.
- Guiding affordability and financing for Equity Buy-Outs and refinancing.
- Analyzing the ability to meet mortgage financing guidelines using support income.
- Offering solutions for debt pay-offs.
- Identifying and gathering necessary financial documentation.

CDLPs focus on generating feasible mortgage financing options and understanding their future financial impacts. They are not only knowledgeable about mortgage financing issues but are also skilled problem solvers who offer realistic solutions to guide decision-making.

Ensuring a Successful Divorce Settlement

A successful divorce settlement results from combining the expertise of a diverse team, ensuring both divorcing spouses come out whole. Each team member should bring value and perspective to benefit the overall outcome.

Contact a CDLP® for Comprehensive Divorce Mortgage Planning

Working with a Certified Divorce Lending Professional (CDLP®) and incorporating Divorce Mortgage Planning into the divorce settlement can help both spouses obtain new mortgage financing post-divorce. Contact a CDLP® today for a copy of the Divorcing Your Mortgage Homeowner Workbook. This guide will help you get organized, be prepared, and understand your mortgage financing position, whether you need to refinance the marital home in an Equity Buy-Out situation or prepare to sell and purchase a new home post-divorce.

Conclusion

As a divorce mortgage planner, the CDLP® helps divorcing homeowners make more informed decisions regarding their home equity solutions. They also assist the professional divorce team in identifying potential conflicts between the divorce settlement, home equity solutions, and real property issues. Involving a Certified Divorce Lending Professional (CDLP®) early in the divorce settlement process can set the stage for successful mortgage financing in the future.

This is for informational purposes only and not for the purpose of providing legal or tax advice. You should contact an attorney or tax professional to obtain legal and tax advice. Interest rates and fees are estimates provided for informational purposes only and are subject to market changes. This is not a commitment to lend. Rates change daily – call for current quotations. The information contained in this newsletter has been prepared by, or purchased from, an independent third party and is distributed for consumer education purposes.