DIMONT Announces Addition of Westlake Financial Services to its Expanding List of Automotive Lender Customers

California-based Westlake Financial Services selects DIMONT to provide auto claims processing services DALLAS, July 17, 2018 – DIMONT, the largest provider of insurance claims recovery and collateral loss mitigation services for more than 22 years, confirmed today it will provide claims recovery services for Westlake Financial’s auto loan inventory portfolio. Headquartered in Southern California, Westlake … Read more

DIMONT Spokespeople Participate in National Auto Finance Association’s Auto Fraud and Risk Management Panels at Non-Prime Auto Financing Conference

Offer best practices to auto lenders to be more efficient and profitable –   DALLAS, June 12, 2018 – DIMONT, a Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries, had Denis Brosnan, president and CEO, take part in a panel on auto fraud and … Read more

DIMONT Showcases its COLLATERAL PROTECTION SURVEILLANCE Service, Offering Auto Lenders a Cost-effective Portfolio Monitoring Solution

American Financial Services Association (AFSA) attendees offered exclusive, in-depth review of collateral protection service at AFSA Vehicle Finance Conference 3/20 – 3/22   DALLAS, March 12, 2018 – DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries, announced it will showcase its Collateral Protection … Read more

Proprietary Claims Processing System Enhanced for Auto Claims

In a recent press release, DIMONT announced an enhancement to its proprietary system, Eldorado, in order to process claims on repossessed autos.  We want to share with you, some of the reasons it has been well received by auto servicers. The Auto enhancement in Eldorado has been tailored to process claims effectively with an automotive … Read more

Compliance and Auto Insurance Claims

By Teresa Urban Our previous blog discussed the responsibility financial services companies have to manage every aspect of their compliance burden as effectively as they manage any other risk to their enterprise. Another area that should not be ignored in this respect is compliance as it relates to the processing of automotive insurance claims. This … Read more

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

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