SWBC acquires DIMONT’s auto claims division
SAN ANTONIO, TX (April 12, 2021) — SWBC has announced that it recently acquired the auto claims division of DIMONT, the largest provider of specialty insurance and loan administration services to the residential mortgage and auto finance industries based in Dallas. This move allows SWBC to enrich its AutoPilot® suite of software and services – insurance tracking, payment processing, collections, and asset recovery – so that financial institutions can efficiently manage their loan portfolio risk and operations within one platform.
“We have been partners with DIMONT for years to provide a comprehensive claims recovery solution,” said Jeff Anderson, Vice President of Claims Products for SWBC’s Financial Institution Group. “With this acquisition, we have been able to bring the auto insurance claims processing under our roof and seamlessly integrate it with our AutoPilot platform.”
Acquiring the auto claims division helps provide stability and long-term growth with additional products and services under the SWBC umbrella that help auto portfolios grow. In addition, the technology will increase efficiency.
“DIMONT has been a valued partner of SWBC for over 15 years, and the company has built an amazing culture and operation centered around its customers. We are so thrilled about this transition and are excited to see the future of the auto-claims business with the SWBC team at the helm,” said Laura MacIntyre, CEO of DIMONT. We are thankful to all of our clients for their support during this change of ownership, and we look forward to seeing this business prosper in the future.”
Clients that were utilizing DIMONT’s auto claims services have transitioned to SWBC, giving SWBC a stronger foothold in the auto finance market.
As a diversified financial services company, SWBC provides financial institutions, businesses, and individuals a wide range of services, including insurance, mortgages, wealth management, employee benefits, and more. Headquartered in San Antonio, Texas, SWBC has partners and divisions across all 50 states and manages business around the world. No matter how wide its reach, SWBC always listens to its customers’ needs, analyzes their current situations, and recommends customized solutions. For more information about our innovative approach to personalized service, visit SWBC’s website at swbc.com.