DIMONT Showcases Recently Released Loss Drafts Service, Offering Enhanced Collateral Protection to Servicers and High Touch Portal Tracking for Borrowers

MBA National Mortgage Servicing Conference attendees offered exclusive in-depth view of the featured Loss Drafts service, which provides a secure and efficient approach to claims processing   DALLAS, January 31, 2018 – DIMONT, a Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries, announced it will offer demos of its recently released … Read more

Why Servicers Should Outsource Flood Insurance Analysis

An increasingly important part of the servicing industry is lender placed flood insurance valuation analysis. Accurately assessing the required amount of flood coverage to place on a property is an opportunity that the industry has not responded to in any meaningful way.  This fact is apparent from increased instances of inaccurately insured homes and failed … Read more

Three Things Mortgage Servicers Should do to Accurately Assess MFIR

By Perry Canet In recent years, major flooding has occurred due to storms like Katrina and Sandy; and, this flooding has caused devastating property damage. Large flood events and legislative changes have added to mortgage servicers’ workload, as they must analyze mortgage portfolios to ensure they meet the Minimum Flood Insurance Requirement (MFIR) on mortgage loans … Read more