In these extraordinary times, DAS Acquisition Company, LLC. wants our industry partners to know that we
are committed to everyone’s safety. The Company is already equipped with a superior technological
infrastructure allowing our St. Louis headquartered firm the unique ability to keep home loan closings
Backing that capability is our 750+ owner-employees – an unmatched asset. Experienced at working
remotely, they are operating at full strength and enabling us to team with our agent and title company
partners to facilitate on-time closings with minimal face-to-face contact.
On the appraisal front, often no one needs to go into a borrower’s home currently as many programs are
temporarily revising their guidelines for the current climate. Fannie Mae and Freddie Mac eased inspection
and reporting guidelines granting us a unique ability to accept desktop or exterior-only inspections in lieu
of traditional ones. Similarly, HUD is now allowing for exterior-only or desktop-only inspections on purchases
and rate-and-term refinances and exceptions on re-inspections. VA is also allowing exterior-only
inspections on purchase and rate-and-term refinance. USDA an “Exterior-Only Inspection Residential
Appraisal Report will be accepted. In such cases, appraisers are not required to certify that the property
meets HUD HB 4000.1 standards. When an interior inspection is required, our sister company, Red Eagle
Appraisals are available to perform it in a 100% safe manner.
We are also utilizing innovative techniques to execute safety-first closings™, featuring digital options and
curbside notary services, when the presence of a notary is required.
Finally, our customers have long utilized a fully digital loan application suite that requires ZERO human
interaction as they digitally submit and sign all documents.
Please join us in wishing for the best possible outcome for those afflicted by the Coronavirus – especially
the heroes on the front lines who are selflessly tending to the sick and working so hard to keep us safe.
And please remember: we will get through this, together!
The Owner-Employees of USA Mortgage
For information on Forbearance, check out this video or find more information here