Do Optigo Happy virtual inspections create additional post-origination lender work and delay the borrower’s DSR escrow release?

Optigo Happy virtual inspections do not create additional post-origination lender work or delay the borrower’s debt service reserve (DSR) escrow release. The DSR can be released at the sooner of (1) 90 days after all emergency orders related to COVID-19 affecting the property are lifted, and (2) one year from loan origination. In most cases, the first annual servicing inspection can be timed to satisfy any required on-site follow-up inspection (typically required for loans that didn’t use a Preferred Vendor camera operator).


Additional information on the COVID-19 DSR:

  1. COVID-19 DSR Update – Conventional, TAH

  2. COVID-19 DSR Release FAQs

  3. COVID-19 DSR Release Overview – Conventional and Specialty

  4. COVID-19 DSR Release Overview – SBL

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