""Dimont & Associates"":http://www.dimontandassociates.com, a national claims management company headquartered in San Diego, California, announced this week that it has engaged the services of mortgage industry veteran Joe McCloskey.[IMAGE]
The company explained that through this agreement, McCloskey will be assisting Dimont with its overall strategic growth initiatives, including strengthening the company's business practices and expanding its business services lines.
""Joe McCloskey offers a proven track record and extensive experience evaluating operations in conjunction with multiple servicing requirements, and will be a valuable partner in helping Dimont further expand our services, especially regarding FHA portfolios,"" said Bernie Dimont, CEO of Dimont & Associates.[COLUMN_BREAK]
McCloskey was formerly head of the Office of Asset Management at the Federal Housing Administration (FHA), where he was responsible for federal policies related to FHA mortgage servicing and property disposition.
He established FHA's loss mitigation program, lead FHA's outsourcing effort for HUD REO management and disposition, and directed HUD bulk sales of single-family residential mortgage notes. McCloskey served as FHA's acting deputy assistant secretary for single-family housing programs from April 2004 through May 2005, and in May 2006.
Prior to his retirement from federal service in May 2006, McCloskey was awarded the federal government's _Distinguished Service Award_ in recognition of his contributions to the federal government's housing programs.
""I look forward to working closely with Dimont & Associates to help ensure the continuity and growth initiatives of Dimont's outstanding services,"" McCloskey said. ""Dimont & Associates has established itself as the national leader in maximizing claim benefits for its customers, while ensuring the integrity of its operations and maintaining complete accreditation of both the company and its staff. This is a forward thinking company which is taking the initiative to make certain that best practices are in place to meet changing market demands.""
Founded in 1996, Dimont & Associates provides mortgagee claims management services to servicers, investors, and the GSEs. In addition to its headquarters in San Diego, the company has a production office in Dallas, Texas.