DALLAS, Sept. 28, 2015 – DIMONT, the longest-serving provider of hazard claims insurance processing to residential and commercial mortgage industries in the United States, announced today that its Federal Housing Administration (FHA) hazard claims processing increased by 76.2% in the past year due to a growing demand for assistance in this area among mortage lenders.
One reason for the increased demand is that hazard claims funds help offset the repair costs required for properties to reach conveyance condition before they are sent back to the FHA. Conveyance condition includes properties that are completely repaired, secured and winterized (if applicable) with maintained lawns.
Key components of DIMONT’s FHA hazard claims processing services include conveyance timeline management, reduced out-of-pocket expenses for servicers, dataspecialized FHA reporting and partnerships with property preservation companies.
“Hazard claims processing is extremely important to our clients because it provides them with the resources they need to restore properties into conveyance condition,” said Collin Harbour, director of business development at DIMONT. “Our company uses its many years of industry experience to process hazard claims faster and more efficiently to maximize the positive impact on our clients’ bottom lines.”
Dallas-based DIMONT is a technology-enabled provider of insurance-related services to the residential and commercial mortgage servicing industries and is the longest-operating provider of hazard claims insurance recovery services within the United States. Additional information is available at www.dimont.com.
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