Ellie Mae® acquires del mar datatrac
August 15, 2011
Pleasanton, CA, August 15, 2011 – Ellie Mae® (NYSE Amex: ELLI), a leading provider of automation solutions for the residential mortgage industry, announced today that it has acquired Del Mar Datatrac, Inc. The acquisition accelerates Ellie Mae’s growth strategy by expanding its already extensive lender customer base, significantly increasing the number of mortgages funded by its customers, and broadening the functionality of its Encompass® solutions.
Del Mar’s origination software, DataTrac®, is used by more than 200 mortgage lenders as a core operating system to process and fund loans, create workflow efficiencies, manage secondary marketing transactions and handle reporting and business intelligence. Its current customers are expected to fund an estimated 500,000 mortgages in 2011. The combined companies’ customer base has the potential to originate approximately 30% of all residential mortgages originated in the United States this year.
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Texas Community Bank, Arizona, Florida and New Jersey Mortgage Lenders Choose DMD DataTrac Originator Point-of-Sale Technology
March 14, 2011
San Diego, CA, March 14, 2011 - Del Mar DataTrac® (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, closed 2010 by signing a community bank and three mortgage lenders for its DataTrac Originator (DTO) point–of-sale (POS) automation solution.
ViewPoint Mortgage a subsidiary of north Texas community bank ViewPoint Bank; American Financial Resources, a New Jersey based national lender; Homeowners Financial Group, an Arizona mortgage banker; and RP Funding, a Florida-based multistate direct lender, are now implementing the DMD POS solution.
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DMD Marks 20th Anniversary As Mortgage Lending Automation Solutions Provider Surpassing $2 Trillion Funded through DataTrac
March 9, 2011
San Diego, CA, March 9, 2011 - Del Mar DataTrac® (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, is observing its 20th anniversary in 2011. Founded in August 1991 as a technology services firm for mortgage lenders, DMD first offered its flagship loan origination platform DataTrac in 1996. Since its introduction, mortgage lenders have funded more than $2 trillion in residential home loans through DataTrac.
“DMD has passed several substantial milestones in the last 20 years but none of those illustrated its cumulative impact on the mortgage industry more clearly than $2 trillion in loans funded through its flagship LOS offering, DataTrac,” said Jeb Spencer, DMD chairman “Earning mortgage lenders’ confidence in DMD solutions has always been our primary mission, and this is proof of our success.”
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DMD Taps Mortgage Compliance Authority Howard Lax for Compliance Panel at 2011 Client Conference in Las Vegas
March 3, 2011
San Diego, CA, March 3, 2011 - Del Mar DataTrac® (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, has engaged the services of respected mortgage compliance attorney Howard A. Lax to address DMD’s Client Conference scheduled for June 8 – 10 at the ARIA Resort and Casino in Las Vegas, Nevada.
Lax will lead a panel of industry legal experts to discuss the state of mortgage industry laws and regulations, including the impact of Dodd-Frank, changes in loan originator compensation formulas, appraisal rules, proposed escrow disclosures, SAFE Act regulations, and more.
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Multi-state Mortgage Banker Implements DMD DataTrac Originator Point-of-Sale, Securing Benefits of End-to-End Loan Origination System
February 10, 2011
San Diego, CA, February 10, 2011 - Minnesota-based multi-state mortgage banker Summit Mortgage (Summit) has replaced its legacy point-of-sale (POS) technology with DataTrac Originator (DTO), recently released by Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools (www.dmdinc.com).
Lending since 1992, Summit Mortgage is currently licensed in 21 states. Its business objectives include a focus on regulatory and investor compliance, and a commitment to provide its branches the tools to deliver both customer service and loan quality. Summit was interested in ensuring that its POS was truly complimentary to its back office workflow and database of record, DMD’s DataTrac. The mortgage banker has also implemented DataTrac’s Electronic Document Management tool, DataTrac EDM, to support its paperless initiatives.
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MISMO Elects Del Mar DataTrac Director of Integrations Sandra Martz-Griebe to Residential Governance Committee 2011- 2012 Term
January 17, 2011
San Diego, CA, January 17, 2011 - Del Mar DataTrac® (DMD) Director of Integrations Sandra Martz-Griebe has been elected to the MISMO Residential Governance Committee for the 2011 – 2012 term of office. According to MISMO, Griebe received the most votes and will serve as the committee’s representative in the category of Origination Technology. DMD is the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools.
According to its website, MISMO is “the leading technology standards development body for the residential and commercial real estate finance industries” and its “standards are grounded in an open process to develop, promote and maintain voluntary electronic commerce procedures and standards that allow mortgage lenders, investors in real estate and mortgages, servicers, industry vendors, borrowers and other parties to exchange real estate finance-related information and eMortgages more securely, efficiently and economically.”
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