Coming on the heels of establishing a relationship with defi SOLUTIONS, Black Book also announced a development involving its history adjusted valuations (HAV) data and resources being integrated with DIMONT, one of the largest providers of insurance claims adjusting and collateral loss mitigation services.

Under the agreement, the companies highlighted Black Book’s HAV insight and resources are now integrated into DIMONT’s proprietary systems for claims adjusters to help in their work pursuing insurance claims on repossessed vehicles.

History-adjusted valuations are a VIN-specific, analytics-driven resource that can deliver Black Book’s most precise vehicle valuations, helping automotive professionals determine the impact a vehicle’s history has on its value. DIMONT is leveraging HAV as a precise independent data source for its claims adjusters. DIMONT’s team of adjusters will benefit from the increased precision of vehicle values, enhancing their negotiations and leading to better outcomes on vehicles in their portfolio of claims.

“We’re excited to work with Black Book, a company with a rich legacy in accurate valuations for the automotive industry,” said Denis Brosnan, chief executive officer of DIMONT. “For our adjusters, having accurate vehicle valuations is critical to reaching good claim resolutions, which is what we’re all about — proving outstanding service for our customers.”

 Black Book executive vice president of revenue Jared Kalfus added, “It’s no longer enough to have vehicle values that are reported just based on make, model and trim level.

“Access to each vehicle’s unique valuation that takes into account its exact historical performance is a critical competitive advantage in the claims adjustment process, and can help minimize risk exposure when evaluating vehicles in accidents,” Kalfus went on to say.

SubPrime Auto Finance News is hosting a free webinar at 2 p.m. ET on Tuesday, when DIMONT will drill deep into the claims process.

Brosnan along with DIMONT’s Steve Garcia will be discussing the importance of an effective insurance monitoring solution on driving more significant recoveries following repossession.

The executives also will discuss how the receipt of automated insurance data can help your organization improve borrower and collection strategies, saving time and resources.

Registration for the free webinar can be completed here.