The first quarter went quite well for DIMONT.
The Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto financing industries announced it achieved four key milestones in Q1. The developments included:
— Processing approximately 9,400 hazard and auto claims and more than 360 investor claims
— The hiring of seasoned leadership including Laura MacIntyre as chief revenue officer
— Launching its loss drafts and insurance monitoring services
— Signing Pennsylvania-based Auto Trakk
MacIntyre’s hiring was announced in January. She brings more than 25 years of experience in the mortgage and financial industries. MacIntyre’s primary task is to continue DIMONT’s revenue growth.
DIMONT’s loss drafts service was officially launched in January. The service can allow borrowers, mortgage servicers and DIMONT staff to upload claims-related documents and share status information electronically. It can provide real-time visibility of the loss draft status, a complete audit trail of uploaded documents and event tracking.
The company’s insurance monitoring solution was announced in March and offers auto finance companies a platform for consolidating insurance information so as to more effectively confirm collateral protection in the event of a repossession claim. The solution also can make users more aware of insurance changes via automated daily feeds.
DIMONT also signed on Auto Trakk, a leading automotive leasing company specializing in financing customers with moderate to severe credit issues. DIMONT handles the company’s auto claims adjustments to recover proceeds on damaged repossessed vehicles.
“These milestones are part of DIMONT’s recent growth strategy that is designed to focus on investing in technology and our human resources and leveraging these strengths into a competitive advantage for our mortgage and auto clients,” said Denis Brosnan, chief executive officer and president of DIMONT.