Are Your Auto Insurance Claims Processes Compliant?

By Tom Stover Outsourcing the auto insurance claims component can be advantageous for both auto finance companies as well as their clients. However, being successful within the auto finance industry depends primarily upon remaining compliant regulatory guidelines and investor and business requirements. As mentioned in a previous blog, regulatory oversight for auto claims processing may … Read more

DIMONT Announces Strategic Investment from Renovo Capital

– Positions DIMONT for increased growth and expansion – DALLAS, March 14, 2016 – DIMONT, a leading provider of specialty insurance and loan administration solutions to the residential and commercial financial services industries, announced an investment from Renovo Capital, a Dallas-based private equity fund. In partnership with a veteran management team, Renovo Capital’s investment enables … Read more

SURVIVAL OF THE FITTEST

In a volatile environment such as mortgage servicing, the last handful of years has been survival of the fittest. Companies selling, shutting down, eliminating business lines, or consolidating staff has become the norm for most organizations. Change is a term that we are all far too familiar with. DIMONT, a leader in insurance-related services, has seen its share of change, and it is happy to report that change for this organization means continued, positive growth…

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Why Auto Insurance Claims Processes are Far Behind the Mortgage Industry and How to Turn it Around

By Teresa Urban There are several similarities between the processes for filing auto insurance claims on repossessed vehicles or damaged returns, and filing hazard claims for mortgagees. In the auto industry, an auto finance company notifies a service provider about a list of repossessed vehicles for inspection. The provider then travels to auction sites or uses … Read more

DIMONT Announces Strategic Partnership with Phoenix ABS

DALLAS, Feb. 29, 2016 – DIMONT, the largest provider of specialty insurance and loan administration services to the residential and commercial financial industries, today announced a new strategic partnership with Phoenix ABS, a technology solution provider for RMBS and residential whole loan investors, as well as property preservation companies and lenders. Phoenix ABS integrates valuation … Read more

Why Hazard Insurance Claims Analysis is Vital to Your Mortgage Servicing Business

By Aubrey Bronson As a mortgage servicer working in the world of hazard insurance claims, it can be easy to get caught up solely in the adjustment side of the process, i.e., filing claims. However, it is important to remember that maximizing claims recovery cannot occur without comprehensive claims analysis. Claims analysis consists of reviewing … Read more

DIMONT Expands Capabilities to Include Auto Insurance Services

 – Leverages hazard insurance expertise and innovative technology to process claims on repossessed vehicles – DALLAS, Feb. 15, 2016 – DIMONT, the largest provider of specialty insurance and loan administration services to the residential and commercial financial industries, announced it now provides comprehesive insurance claims services on auto loans, incuding identifying damage, insurance coverage and … Read more

Do You Have the Necessary Hazards Insurance Claims Expertise for Your Mortgage Servicing Operations?

By Cheryl Johnson Mortgage servicers manage the relationship between borrower and lender or investor, including processing payments, managing escrow accounts and compliance with government regulations, accounting and reporting. Processing hazard insurance claims is not a typical core area of expertise within most servicing organizations. However, executing this area of the business accurately can result in … Read more

DIMONT to Sponsor Networking Opportunities at MBA Servicing Conference

DALLAS, Feb. 1, 2016 – DIMONT, the largest provider of specialty insurance and loan administration services to the residential and commercial mortgage industries, today announced that it is co-sponsoring the Mortgage Collective event, Havana Nights, as well as hosting a meeting space at the Mortgage Bankers Association’s National Mortgage Servicing Conference and Expo Feb. 16 … Read more