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.
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