DIMONT [1], a provider of specialty insurance and loan administration services to the residential and commercial mortgage industries, announced from The Five Star Conference & Expo [2] that Fort Mill, South Carolina-based ServiceMac [3], a new entrant in the mortgage servicing and portfolio management market, has selected DIMONT’s complete Collateral Loss Mitigation [4] solution to further compliment their Special Servicing product offering.
DIMONT’s Collateral Loss Mitigation solution is comprised of an end-to-end conveyance management platform that incorporates both hazard insurance claims adjustment [5] and FHA & investor claims management [6], enabling mortgage servicers to handle all aspects of the hazard insurance and FHA claim recovery process in parallel, from beginning to end.
“DIMONT is a recognized industry expert in loss analysis and hazard claims management, which are key to our growth initiatives of offering a full-scope subservicing and specialty servicing portfolio,” said Bob Caruso, President and CEO of ServiceMac. “Utilizing DIMONT’s Collateral Loss Mitigation solution—in tandem with our other offerings—creates a competitive advantage for us while also supporting our commitment to leading the industry toward increasing efficiencies through innovation.”
“By investing in our complete suite of collateral loss mitigation solutions, organizations like ServiceMac are well positioned to drive operational efficiency and provide more end-to-end solutions to support their clients,” said Denis Brosnan, CEO, DIMONT.
ServiceMac is focused on providing superior technology, products, and services for the mortgage and real estate industries backed by highly personalized service and support. Through continuous innovation and acquisition, its offerings are comprised of personalized solutions that span the mortgage continuum and enhance security, customer satisfaction, and profitability.
Founded in 1996, Dallas-based DIMONT is a provider of specialty insurance and loan administration services to the residential and commercial mortgage industries in the United States.