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TMCNet:  DIMONT Showcases Its Collateral Protection Surveillance Service, Offering Auto Lenders a Cost-Effective Portfolio Monitoring Solution

[March 12, 2018]

DIMONT Showcases Its Collateral Protection Surveillance Service, Offering Auto Lenders a Cost-Effective Portfolio Monitoring Solution

DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries, announced it will showcase its Collateral Protection Surveillance service to attendees of the AFSA Vehicle Finance Conference at the Bellagio, Las Vegas on March 20-22.

Lenders and media may schedule an in-depth look at the new solution by contacting DIMONT Client Development Director Taylor Thurman at 626.223.8921 or taylor.thurman@dimont.com. Reviews may be scheduled with the DIMONT team at booth 208 in the AFSA exhibit hall.

DIMONT's exclusive, data-driven solutionutilizes technology to consolidate insurance information on the collateral within the lender portfolio, confirming collateral protection in the event of a repossession claim. Daily automated feeds provide the lender all relevant insurance changes, enabling proactive communication with borrowers on insurance status.

Lenders pay no additional cost for asset monitoring. The cost is absorbed by increased effectiveness in repo claims processing, including higher volumes of claims and increased recovery amounts.

"This is the next step in the evolution of collateral protection," said Denis Brosnan, president and CEO, DIMONT. "DIMONT recognized the need for collateral loss mitigation solutions within the auto finance industry, and provisioned new technology to solve for it. With just a few key portfolio metrics, DIMONT can significantly reduce costs, lift administrative burdens, and increase ROI for our lender customers."

About DIMONT

Founded in 1996, Dallas-based DIMONT is one of the largest providers of insurance claims and collateral loss mitigation services to the residential mortgage and auto lending industries in the United States. Additional information is available at www.dimont.com.


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