Dimont, based in Dallas, has partnered with Phoenix ABS to access the New York firm's technology platform.
The partnership allows Dimont to file and adjust hazard claims for Phoenix ABS customers, plus assist property preservation companies wanting to access its tools. One tool is a machine-learning-based automated valuation model that helps investors in securities and whole loans to understand collateral, loan and portfolio value.
Dimont is a provider of specialty insurance and loan administration services to residential and commercial financial industries. Phoenix ABS, whose technologies include property analytics for mortgage companies and banks, integrates values and diligence tools for the assets on which Dimont files hazard insurance claims, including survey information, property preservation photos and maps.
"Phoenix and Dimont are natural compliments for mortgage investors," Guhan Kandasamy, head of product at Phoenix ABS, said in a
Denis Brosnan, president and CEO of Dimont, said of the partnership in a
