Del Mar DataTrac President Rob Katz Named Finalist for 2010 Mortgage Technology Lasting Impact Award
August 9, 2010
SAN DIEGO, August 9, 2010 – Rob Katz, president of Del Mar DataTrac, Inc. (www.dmdinc.com), and a 19-year mortgage lending process automation and technology veteran has emerged as a Finalist for the 2010 Lasting Impact Award, sponsored by Source Media’s Mortgage Technology magazine.
The Mortgage Technology Lasting Impact Award recognizes “an individual, group or company responsible for a technology initiative or development that has proven to have had a lasting impact on mortgage lending.” Award winners will be announced in October 2010 and supporting materials continue to be accepted by Mortgage Technology award judges through August.
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Del Mar DataTrac Named Mortgage Technology 2010 Top 50 Service Provider Again
August 5, 2010
SAN DIEGO, August 5, 2010 – Del Mar DataTrac, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, is among the 2010 Top 50 Service Providers listed by Source Media’s Mortgage Technology magazine. This is DMD’s third consecutive listing in the publication’s annual line-up of technology and services solutions providers to the mortgage lending industry. DMD’s data-centric, workflow-driven solutions empower mortgage lenders, banks and credit unions to improve loan processes for greater accuracy, efficiency, transparency and profitability.
According to Mortgage Technology, its Top 50 Service Providers list was compiled according to four major criteria: “customer satisfaction, functionality, market share and viable revenue model.” However, the publication states that “providers’ demonstrating functional value to lenders is our most important criterion.”
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Del Mar DataTrac Partners with CCMC on Loan Data Bridge for Mortgage Banker Regulatory and Investor Compliance Solution
July 26, 2010
SAN DIEGO, July 26, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and CCMC, Inc., the financial industry’s premier technology interface provider, have released the DMDBridge, a connectivity tool that automatically moves loan data from a lender’s third-party origination system to the DataTrac mortgage banking system of record.
The first DMDBridge was created for companies with loan officers working in Encompass 360 that rely on DataTrac as their centralized mortgage lending platform. DMDBridge captures all of the data in the industry standard DU 3.2 file set plus the addition of loan information needed to ensure compliance with RESPA and other emerging regulatory requirements.
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100 Mortgage Bankers View DataTrac® 9.3 Product Suite and Loan Process Automation Development at DMD Client Conference
June 23, 2010
SAN DIEGO, June 23, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, unveiled its DataTrac 9.3 Product Suite to more than 100 mortgage bankers and vendor partners at its annual client conference in Las Vegas. The new release became officially available on June 21, 2010.
Highlights of the DataTrac 9.3 Product Suite improvements include additional underwriting capabilities for FHA and VA loans, enhancing DataTrac’s closing functions with extended data sets for doc prep vendors, adding investor electronic loan delivery interfaces from DataTrac Electronic Document Management (EDM) to CitiMortgage, Chase, GMAC, Wells Fargo, and FHA, and streamlines the administration for the DataTrac Originator point-of-sale (POS) client. DataTrac 9.3 resolves over 140 client requests.
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DataTrac Mortgage Lending Platform Integration with Document Express Enables Seamless Delivery of Loan Closing Products and Services
June 2, 2010
SAN DIEGO, June 2, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, now offers a seamless integration developed by its document preparation partner Document Express enabling DataTrac users to order their initial disclosures, loan closing documents, flood determinations and high-cost loan analysis without leaving the DataTrac screen.
DataTrac clients that use Document Express for document preparation can now order those services via the convenient DMD Vendor Services Platform drop-down menu. Additionally, the Document Express integration simplifies ordering flood determinations and high-cost analyses for all DataTrac users – even those that use another vendor for doc prep.
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DMD Exhibits DataTrac End-to-End Mortgage Lending Automation at Texas MBA 94th Annual Conference
May 14, 2010
SAN DIEGO, May 14, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, is an exhibitor at the May 16 – 18 Texas MBA’s 94th Annual Conference in San Antonio (Booth # 26). DMD experts will demonstrate and discuss specific loan production improvements for mortgage bankers seeking growth in a slow market, even as they adapt to a rash of new regulations, investor compliance requirements and liquidity challenges.
The centerpiece of DMD’s mortgage banker lending productivity solution is DataTrac, an industry-respected mortgage lending workflow automation and data management solution for almost two decades. DataTrac helps solve mortgage bankers’ most compelling mortgage lending challenges by enabling 100% paperless lending (DataTrac EDM) and providing operations transparency via a mortgage lending pipeline metrics dashboard (DataTrac Dashboard). DMD originator productivity tools include an easy-to-use, borrower-centric originator point-of-sale (POS) tool (DataTrac Originator), an “always on” originator portal for brokers and loan officers (DataTrac Web), and a commissions calculation and management system (DataTrac Commissions). The DataTrac end-to-end platform integrates with leading loan origination software (LOS), pricing and underwriting systems, and doc prep providers preferred by mortgage bankers.
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DataTrac Tools Help North Collin County, TX Habitat for Humanity Compete for Funds, Advance Affordable Home Ownership
May 7, 2010
SAN DIEGO, May 7, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, collaborated with the North Collin County Habitat for Humanity chapter in McKinney, TX, by providing its DataTrac Originator point of sale (POS) system which includes powerful tools to help capture borrower commitments quickly and easily to support the organization’s affordable home ownership initiatives.
Founded in 1992, Texas-based North Collin County Habitat for Humanity is a Habitat International affiliate currently building homes in McKinney, Frisco, Celina, Princeton and Melissa and also serving Prosper, Anna, Farmersville, Weston and unincorporated areas in the Northern County. As of January 2010, North Collin County Habitat for Humanity has overseen building and financing for 59 homes in its communities, and 24 homes overseas. On average the affiliate built a house every month in 2009, typically involving its “partner families” in elements of construction and financing.
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Del Mar DataTrac® ExTrac Additions Support Seamless Data Extraction for Mortgage Bankers to Request Closing Funds and Pass Servicing Data
May 3, 2010
SAN DIEGO, May 3, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, has added four new DataTrac ExTrac options. These ExTracs facilitate the extraction, quality control and exchange of mortgage loan data between mortgage bankers and warehouse lenders or servicing vendors.
In Q1 2010, the DataTrac ExTrac was developed by DMD to streamline the funding process with Comerica, Texas Capital Bank and FiservWireXchange; and to support the servicing process with Dovenmuehle Mortgage Inc. The funding ExTracs are designed to send data from the DataTrac central database to the warehouse lenders before funds can be disbursed. For servicing, ExTracs are designed to transfer loan data to a servicing system used to manage the servicing of loans.
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Community Bank Mortgage Lenders Select Del Mar DataTrac® End-to-End Lending Automation Solutions
April 22, 2010
SAN DIEGO, April 22, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, added two community bank mortgage lenders to its client roster in March, 2010.
The recently signed DMD clients include United Community Banks, Inc., the third-largest traditional bank holding company in Georgia, with assets of $8 billion, and Fidelity Bank, one of the largest community banks in metro Atlanta, provides banking services and credit related insurance products through 23 branches in Atlanta, Georgia, a branch in Jacksonville, Florida, and an insurance office in Atlanta, Georgia.
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Mortgage Lending Best Practices Spotlighted at Del Mar DataTrac® 2010 Client Conference
Compliance, data integrity, investor delivery and commissions to be topics of lender training
April 7, 2010
SAN DIEGO, April 7, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, is holding its annual DataTrac Client Conference on June 10 – 11 at ARIA Resort & Casino, one of Las Vegas’ newest and most exciting resorts.
DMD clients include users of its flagship mortgage lending automation solution, DataTrac, which introduced the mortgage industry to its first affordable rules-based workflow, business intelligence and centralized database tool over 19 years ago. The DataTrac Suite includes a paperless lending system (DataTrac EDM), a point-of-sale tool (DataTrac Originator), a web-based business portal for originators (DataTrac Web), a commission workflow and compensation testing platform (DataTrac Commissions), and a business management dashboard (DataTrac Dashboard). Its annual two-day conference includes seminars demonstrating best practices in leveraging automation to solve mortgage lenders business challenges.
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Broker-to-Banker Mortgage Lender Augusta Financial Selects DataTrac for Process Automation and Lending System of Record
April 6, 2010
SAN DIEGO, April 6, 2010 – Southern California mortgage lender Augusta Financial selected the Del Mar DataTrac®, Inc. (DMD) flagship solution DataTrac as its automated loan processing platform and lending system of record in September, 2009, when it transformed from broker to banker. Founded in 1995 as a mortgage broker in the Santa Clarita Valley, Augusta Financial today serves Burbank, Orange County and Ventura as a full service mortgage banker.
DMD is the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools.
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Del Mar DataTrac President Rob Katz Adds Technology Perspective to March 29 “Lykken On Lending” Hedging Segment
March 22, 2010
SAN DIEGO, March 22, 2010 – Rob Katz, president of Del Mar DataTrac, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, will be a featured guest of the “Lykken on Lending” Internet radio program on Monday, March 29 at noon Central Time. For the second time this month, Katz will discuss the role that automated mortgage lending technology plays in supporting mortgage banker hedging strategies.
“Lykken on Lending” (http://www.blogtalkradio.com/search/lykken-on-lending) is weekly 60-minute show hosted each Monday at noon Central Time by mortgage veteran, David Lykken, along with special guest Alice Alvey of Mortgage-U.com and Joe Farr of MBSquoteline.com plus special featured guests from time to time. Listeners can access Lykken’s program and listen via “streaming” over the Internet or telephone call-in at 1.646.716.4972. Either way, it is a free public service to the mortgage industry.
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Mortgage Lending Automation and System of Record Provider Del Mar DataTrac® Exhibits Electronic Document Management at ICBA
March 18, 2010
SAN DIEGO, March 18, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, will exhibit and demonstrate its “zero defect” mortgage lending workflow automation platform and electronic document management system, DataTrac, at the 2010 ICBA National Convention in Orlando, FL this week. DMD will occupy space #253 at the ICBA Techworld.
“The future of mortgage lending is shifting to community banks whose quality standards are in line with the needs of the entire industry,” said DMD president Rob Katz. “We have always enjoyed great relationships with community bank mortgage lenders, especially with secondary operations executives who appreciate the interdependence of technology with solid capital markets strategies.”
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Del Mar DataTrac Signs Three Lenders for Commission Management Tool
February 3, 2010
SAN DIEGO, February 3, 2010 – Del Mar DataTrac, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, document imaging and management, and loan process workflow tools, has added three lenders for DataTrac Commission. Formerly referred to as CommissionTrac, DMD’s commission management tool helps lenders maintain commission accuracy, and accountability for RESPA-related fee compliance.
Added to the DMD DataTrac Commissions customer roster are The Legacy Group, a Washington-based lender also operating in Arizona and California; Essex Mortgage, a California-based lender with offices in Utah and soon expanding in the Pacific Northwest; and CMG Mortgage, a California-based lender that offers both broker and mortgage banker services.
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LoanSifter Integrates Mortgage Product and Pricing Engine with Del Mar DataTrac® Zero-defect Workflow Automation Platform
Market demands for pricing accuracy, and data quality met with bi-directional integrations
January 21, 2010
SAN DIEGO, January 21, 2010 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and LoanSifter, the leading provider of web-based product and pricing tools, have completed the integration of LoanSifter’s namesake product and pricing engine (PPE) with DMD’s flagship product, DataTrac.
Since 1991, Del Mar DataTrac has pioneered business intelligence, document imaging and management, and loan process workflow tools to create lenders’ workflow automation solution of choice. LoanSifter provides the banking industry's most comprehensive tools for mortgage bankers, loan officers and secondary departments to price, manage, and market loans, monitoring over 130 correspondent and wholesale lenders.
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