Providing Clarity to Realtors: What DSCR Is, How Servicing Differs, and the Opportunities Available
August 21st, 2025
1:30 PM ET | 12:30 PM CT | 11:30 AM MT | 10:30 AM PT
Members - FREE | Non-Members - $25
Join us for a practical, realtor‑focused session featuring Steve Klemp of Renovo. In this engaging webinar, we'll demystify DSCR loans—Debt Service Coverage Ratio loans—and highlight why they’re a powerful tool for real estate investors.
The Debt Service Coverage Ratio (DSCR) is a key financial metric that measures a property's ability to cover its debt obligations with its income. It’s calculated as Net Operating Income (NOI) divided by Total Debt Service (covering principal, interest, taxes, insurance, and HOA fees)
For investment properties, a DSCR above 1.0 signals positive cash flow—income exceeds debt obligations. Lenders often prefer a DSCR of 1.2 to 1.25 or higher for a comfortable margin.
Unlike traditional mortgages that require proof of personal income (W‑2s, tax returns), DSCR loans underwrite based on rental income and property cash flow alone—not based on the borrower’s income
This makes DSCR loans especially attractive to real estate investors who may have substantial write-offs or complex income structures
Expect higher down payments and interest rates, reflecting the increased risk lenders take on by focusing solely on property income
DSCR loans open doors for clients who may not qualify under traditional criteria—self-employed investors, seasoned landlords, or buyers of multiple units
They enable strategic portfolio growth: investors can acquire, refinance, or pull cash out based on property performance, and can even use multiple DSCR loans across properties
For realtors, understanding DSCR loans allows you to guide clients effectively in markets where conventional loan approval is challenging yet rental income is strong.
Why Attend This Webinar?
Whether you’re working with first-time investors or seasoned landlords, this presentation—led by Steve Klemp—will equip you with essential insights on DSCR financing, helping you identify and tap new opportunities in your local markets.
Meet The Speaker:
Steven Klemp
Renovo Financial
As Chief Serving Officer, Steven Klemp brings a dynamic blend of origination and servicing expertise to both Renovo Financial and RF Mortgage Services. His finance journey began at Wells Fargo, where he distinguished himself as an innovative leader geared towards Originations growth. Transitioning into mortgage servicing, Steven was focused on enhancing loan servicing, default management, and building strong partnerships with capital market partners. His graduate degree from Purdue University and undergraduate from Illinois State was complemented by a decade performing at Chicago’s own Second City, sharpening his public speaking and improvisational skills. Steven has been instrumental at Renovo/RF in evolving servicing practices and customer satisfaction, leveraging his vast experiences with borrowers, investors, and real estate projects- which includes personal hands-on experience with fix & flip ventures. Previously an adjunct professor at Purdue, he has adeptly bridged theory with practice. Steven will share his comprehensive insights into business-purpose mortgage servicing, showcasing his unique combination of industry knowledge and real-world experience.
Moderator: Erik Sellfors
Cambridge Homes
Since the age of eight, Erik has been involved in flipping homes alongside his parents. In 1987, at just 19 years old, he began his career in real estate, selling properties in the San Fernando Valley. By 1992, Erik received his first REO (Real Estate Owned) assignment, marking the start of a distinguished career working with major banks, servicers, and government agencies, including Fannie Mae and HUD. Today, Erik is the Broker/Owner of Cambridge Homes, with offices in both North Los Angeles and the Palm Springs area. Throughout his career, he has been fortunate to build lasting relationships with friends and colleagues in the industry. One of the greatest honors has been serving on the board of the National Association of Default Professionals (NADP), where he has contributed to the legislation and advocacy efforts, closely monitoring legal changes that impact the industry. More recently, Erik has helped lead webinars addressing critical issues facing the industry today.
When Erik isn’t working, his greatest joy comes from spending time with his kids, whether surfing or skiing, making cherished memories in the outdoors.
Join us September 8-9, in beautiful Boca Raton, Florida, for our highly anticipated Annual Meeting! Held at the luxurious Boca Raton Hotel, this two-day event is your premier opportunity to network with industry leaders and gain invaluable insights from top professionals. Elevate your expertise and expand your connections at this must-attend event.
Hotel Details:
The Boca Raton is a luxury resort in the heart of Boca Raton. It is surrounded by captivating water views, endless activities, and gracious suites. Visit the private golden beach or take a swim in one of the many beachside pools, play on one of the historic golf courses, challenge a friend on the pickleball court, or drift into bliss at the five-star Spa Palmera. There is no doubt, you will enjoy your time in paradise with unparalleled elegance.
Hotel Location:
The Boca Raton
501 E. Camino Real
Boca Raton, FL 33432
Room Rate: $334 per night including the Resort Fee.
Click Here to book your room using the NADP Room Block!
The NADP Room Block closes on August 15, 2025.
Schedule of Events:
Monday, September 8:
Tuesday, September 9:
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Sponsor the Foundation Auction:
The NADP Foundation will be hosting their bi-annual Foundation Auction to support the Foundation Scholarship Program providing aid to deserving students in the NADP community. Please show your support by sponsoring or click here to donate an item to the auction!
Auction Site Sponsored by:
All Annual Meeting registration substitutions and cancellations must be submitted by email to info@defaultpro.org by the registered attendee. Cancellations received by August 1, 2025, are subject to a refund minus a $100 administrative fee per registration. There will be no refunds for cancellations made after August 1, 2025.
NADP Annual Summit & Expo
Sunday, March 1 – Tuesday, March 3, 2026
Renaissance Palm Springs Hotel
The 2026 Annual Summit will be held March 1-3 at the Renaissance Palm Springs Hotel. We will be featuring servicer and asset management firms representing many of the largest default management servicers sharing about their business and how agents can participate in the process.
The Renaissance Palm Springs Hotel offers modern comfort in the heart of downtown Palm Springs. Conveniently connected to the Palm Springs Convention Center, the hotel features stylish guest rooms, on-site dining, and a spacious pool deck with scenic mountain views, the perfect home base for our 2026 Annual Summit.
888 East Tahquitz Canyon Way
Palm Springs, CA
Room Rate: $239 per night
Should you have any questions or concerns, please reach out to us at info@defaultpro.org.
The Joyce Essex Memorial NADP Foundation Golf Tournament
Sunday, March 1st |Indian Canyons Golf Resort
Registration Closes: Friday, February 20th
Join us for a shotgun start at 8:00 AM for 18 holes at the Indian Canyons Golf Resort Palm Springs! Located just 2.5 miles from hotel ZOSO, this is the perfect way to kick start your Summit experience. The Indian Canyons Golf Resort is located at 1100 E. Murray Canyon Dr, Palm Springs, CA 92264.
Registration Starts: 7:00 AM
Shot Gun Start: 8:00 AM
Registration Types:
Sponsorship Opportunities:
The NADP Foundation (formerly REOMAC Foundation) is dedicated to fostering educational advancement through the award of scholarships to deserving students. All proceeds from the golf outing will go towards future scholarship recipients.
Questions? Please contact info@defaultpro.org!
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