American Federal Mortgage Deploys Del Mar DataTrac's DocumentTrac.Multi-state lender utilizes electronic imaging platform to reduce paper flow, costs SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Del Mar Del Mar is the name of several places in the United States of America:
A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. to deliver extraordinary customer service and drive up production while reducing risk, increasing productivity and streamlining their overall efficiency. The DocumentTrac platform is enabling American Federal Mortgage to join the ranks of paperless lenders emerging across the country. From underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , through funding and shipping, to long-term file retention, they are working with images on a monitor instead of paper files. A current user of the DataTrac platform, American Federal Mortgage selected DocumentTrac to help increase their overall efficiencies while eliminating the amount of paper used and stored within its office. As a lender operating in multiple states through one central office, the company's business model relies on its ability to keep costs low while maintaining excellence in customer service in order to provide competitive rates for its customers. DocumentTrac is a key tool for their success. "We have been very happy with the DataTrac platform and the level of service we have received since becoming a customer. Therefore, when we decided to invest in a document imaging system, DocumentTrac was the first one we looked at," said Mark T. Young, president of American Federal Mortgage. "From an efficiency standpoint, the system's delivery capabilities are an excellent fit for our paperless workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. goals. From a technology standpoint, the ability to seamlessly integrate with our existing system was key, as we wanted to limit the amount of time and effort spent on implementation." DocumentTrac enables lenders to share documents electronically between branches, brokers, and investors quickly and freely, while reducing labor and delivery costs. The platform also reduces storage costs, while enabling easy, secure retrieval. "Because we run a low-overhead, multi-state operation, we have employees who work remotely and have little room for document storage," said Robert Bakerian, senior vice president of American Federal Mortgage. "With DocumentTrac, we can store documents in a manner that is even more secure, where they can be retrieved from anywhere. From a disaster recovery perspective, I'm sleeping better at night now, too." "Efficient, technology-savvy lenders such as American Federal Mortgage understand that in the current industry environment, the only way to operate profitably is to limit costs," said Rob Katz, president of Del Mar DataTrac. "Our product suite is designed to make every aspect of loan processing and fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. more efficient, resulting in lower costs, less errors and higher profits. Additionally, the instant access to any loan document will empower American Federal to achieve customer service levels that will drive up their referral and repeat business. As we continue to invest in Del Mar DataTrac's core products, such as DocumentTrac, our customers will see an even greater return on investment." About American Federal Mortgage Corp. American Federal Mortgage is one of the largest privately held mortgage bankers in the nation. Since its incorporation in 1986, the company has dedicated itself exclusively to mortgage lending. American Federal Mortgage is a direct lender, not a broker, underwriting and closing loans directly with the consumer. An Equal Housing Lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. , American Federal Mortgage has been approved by Fannie Mae Fannie Mae: see Federal National Mortgage Association. , Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. , HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. and the Veterans
Administration. In addition, the company's HUD (Housing & Urban
Development) and VA (Veterans Administration) approval allows it to
write FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). (Federal Housing Authority) and VA (Veterans Administration) Loans. For more information, visit http://americanfedmortgage.com. About Del Mar DataTrac San Diego-based Del Mar DataTrac provides mortgage bankers of all sizes with technologies that leverage existing tools to improve customer service and operational efficiencies, while increasing profitability. The company's proprietary flagship solution, DataTrac[R], empowers lenders to reduce costs, generate greater profits per loan, minimize errors using business intelligence and fund more loans with fewer people. Founded in 1991, the company's customers include mortgage lenders, credit unions, and community banks. For more information, visit www.delmardb.com. |
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