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WaterfallCalc created for mortgage servicers large or small


The Development of was created by Donna Schmidt, the Managing Director of DLS Servicing Consultants, LLC and Andy Tabisz, the President of WorkSmart Database Masters, LLC to accommodate the need for fair and consistent loss mitigation. Donna Schmidt's experience as the managing director of DLS Servicing Consultants for over 30 years led her to recognize the need for a quick and easy-to-use program that handles Loss Mitigation proficiently and accurately.  

Partnering with Andy Tabisz of WorkSmart Database Masters, an established database programmer, was created to meet the demand of processing loans under the current, more complicated insurer guidelines. is an affordable, user-friendly program designed to meet the needs of all mortgage servicers.

Currently the team of programmers and technology support personnel ensure that the system is maintained to the highest security standards, compliant with all industry related requirements and constantly updated to meet our client’s needs.  We are always looking for ways to add value and streamline the process.

Donna Schmidt - WaterfallCalc

Donna has over 25 years of experience in nearly every aspect of the mortgage servicing environment, having served in executive position in multiple large servicing organizations.  She has a unique perspective of technical awareness, cost efficiencies and Insurer/Investor compliance.  Donna maintains an excellent reputation within the mortgage servicing industry and is widely considered to be an industry expert in mortgage default, specifically in loss mitigation.  Donna created DLS Servicing Consultants in 1993, and has successfully worked with more than 50 mortgage servicing companies on multiple high-level projects.

Andy Tabisz - WaterfallCalc

As President of WorkSmart Database Masters, Andy has been awarded the 2015 Microsoft® MVP (Most Valuable Professional) Award for his technical expertise and outstanding contributions to the Microsoft® Access community. Currently, there are 75 MVPs for Microsoft Access worldwide, 37 of which are in the U.S.

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