DALLAS--(BUSINESS WIRE)--DIMONT, the largest provider of specialty insurance and loan administration services to the residential and commercial mortgage industries, today announced the availability of its whitepaper “Loss Analysis: Finding Causes of FHA Claim Recovery Shortfalls”, which provides industry expertise and guidance in navigating FHA (Federal Housing Administration) home retention and home disposition claims.
“Servicers face immense risk and scrutiny when traversing the complex and highly scrutinized world of FHA claims, and it is important to understand why issues and shortfalls occur in the processing of these claims,” said Lynette Richter, Vice President of Investor Claims at DIMONT. “This white paper is developed to provide analytical insights at all levels – from claim filing to the efforts of the servicers themselves – to provide best practices in fulfilling FHA claims.”
In the white paper, DIMONT addresses the key issues facing servicers regarding FHA home retention and disposition claims as those are some of the most scrutinized and costly investor claims, with loan-level losses reaching as much as $9,000 in some cases. Additionally, the white paper lists three critical best practices for mitigating the impediments to FHA claim recoveries.
The white paper is available for download here: https://bit.ly/2Kc05Oi
Founded in 1996, Dallas-based DIMONT is the largest provider of specialty insurance and loan administration services to the residential and commercial mortgage industries in the United States. Additional information is available at www.dimont.com.