Mortgages Analyzed
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U.S. Department of Defense

What is U.S. Department of Defense?

The U.S. Department of Defense (DOD) is an executive department of the government of United States with the mission to provide the armed forces needed for national security. It manages all aspects of the US government that relate to national security and armed forces.

The department is headed by Secretary of Defense who is the principal defense policy advisor to the President. The Pentagon is the headquarters of DOD and is one of the world's largest office buildings. The official website of the DOD is the https://www.defense.gov.

Defense Manpower Data Center (DMDC)

Defense Manpower Data Center (DMDC) is the Department of Defense’s (DOD) human resource information center that provides authoritative source of information of people connected with the DOD. DMDC was established in 1974. The stated mission of DMDC is "DMDC is the DoD’s source for enterprise human resource information, providing secure services and solutions to support the Department's mission."

While DOD is the primary customer, DMDC also provides services to other governmental agencies such as Combatant Commands, DHS, Labor, SSA, and Department of Veterans Affairs, and non-governmental agencies and industry partners.

The official website of DMDC is https://www.dmdc.osd.mil/appj/dwp/index.jsp.

Source :www.MortgagesAnalyzed.com

Role of Department of Defense in Mortgages

Mortgage Loans for Servicemembers

DOD is one of the largest employer in the United States with over 1.4 million active duty personnel, and 718,000 civilian personnel. Another 1.1 million serve in the National Guard and Reserve forces. More than 2 million military retirees and their family members receive benefits. Given the large number of employees and retirees, a number of banks and mortgage lenders have created specific mortgage loan products that meet the needs of servicemembers and their families.

DMDC’s SCRA Website

DMDC maintains the SCRA website that provides certification as to whether individuals are on Active Duty status in the U.S. Military, Reserve, or National Guard. SCRA, which stands for Servicemembers Civil Relief Act, provides certain benefits to active duty personnel such as ceiling on interest rates and protection from certain default proceedings. By providing a SCRA certificates, DMDC makes it easy for lenders and loan servicers to identify if a borrower is on active duty and whether the SCRA benefits can be extended. Learn more about the SCRA Certificate.

Source :www.MortgagesAnalyzed.com

Updated: Jan 10, 2014

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Banks & mortgage lenders have created specific mortgage loan products that meet the needs of servicemembers
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