A properly diverse divorce team includes essential players such as the attorney, financial planner, accountant, appraiser, mediator, and a divorce lending professional. Each team member plays a significant role in ensuring the divorcing client is set up for success post-decree.
The Benefits of Having a Diverse Divorce Team
Diverse skills enable the divorce team to address specific problems strategically. By examining issues from different perspectives and leveraging the combined experience and knowledge of all team members, the team can develop innovative and creative solutions.
Key Benefits of a Diverse Team:
- Knowledge Gap: No one knows everything. Teams solve problems faster when they’re more cognitively diverse.
- Perspective Gap: Perspective is the ability to view or think about a situation in a wise and reasonable way.
- Experience Gap: Experience comes through time, focused learning, and specialization.
Leadership involves achieving goals with and through other people. When leaders commit to building a diverse team and utilizing each person’s unique contribution, the overall team can achieve more success in a shorter period. This translates to better outcomes for the divorcing couple.
How a CDLP® Fits Into the Divorce Team
The CDLP® brings tremendous value to the divorce team during the settlement process due to their extensive knowledge, perspective, and experience in the entire divorce process. Their understanding of the intersection between family law, tax law, real estate, and mortgage financing sets them apart from other mortgage professionals.
Certified Divorce Lending Professionals have a unique perspective when reviewing a divorce settlement agreement and participating in the settlement or mediation process. They don’t just consider how the agreement applies to the borrower’s mortgage application; they have a comprehensive understanding of the entire process and the overall impact of divorce on the divorcing borrower.
Quote on the Importance of Teamwork: “Nothing matters more in winning than getting the right people on the field. All the clever strategies and advanced technologies in the world are nowhere near as effective without great people to put them to work.” - Jack Welch, Winning
Working With a Mortgage Professional Who Specializes in Divorce
It is crucial to work with an experienced mortgage professional who specializes in assisting divorcing clients. A Certified Divorce Lending Professional (CDLP®) can answer questions and provide excellent advice, significantly impacting the outcome of your divorce.
Find an Experienced CDLP® in Your Area
To find an experienced CDLP® in your area, click here.
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.
Copyright 2021—All Rights Divorce Lending Association
