Dimont, Phoenix ABS Announce Strategic Partnership

Posted by Patrick Barnard on February 26, 2016 No Comments
Categories : Mortgage Servicing

Dimont, the largest provider of specialty insurance and loan administration services to the residential and commercial financial industries, has formed a strategic partnership with New York City-based Phoenix ABS, a technology solution provider for residential mortgage-backed security and residential whole loan investors, as well as property preservation companies and lenders.

Phoenix ABS integrates valuation and diligence tools for the assets on which Dimont files hazard insurance claims. This includes survey information, property preservation photos, property maps and more.

Per the partnership, Dimont can now begin to file and adjust hazard claims for Phoenix ABS customers, as well as assist current property preservation companies interested in using Phoenix ABS tools, including its machine learning-based automated valuation model, to understand collateral, loan and portfolio value.

“Phoenix and Dimont are natural compliments for mortgage investors,” says Guhan Kandasamy, head of product at Phoenix ABS. “Both unlock hidden value from different parts of the same portfolio.”

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