Del Mar DataTrac Adds 19 New Customers in Four Months.Lenders recognize time, cost savings with DataTrac[R] product suite LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- 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. Association (MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration ) National Technology in Mortgage Banking Conference & Expo that the company has added 19 new customers during a four-month period spanning November 2008 to February 2009. Del Mar DataTrac provides solutions that empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems small- and medium-sized mortgage bankers to deliver extraordinary customer service and drive up production while reducing risk, increasing productivity and streamlining their overall efficiency. Del Mar DataTrac has added a total of 56 new clients since February 2008. This growth includes an increasing number of retail banks and credit unions. Additionally, the company has seen substantial growth in sales of additional products to existing customers looking to improve customer service and efficiency across all areas of operations. "Staying ahead of the curve when it comes to technology is vital to Essex Mortgage," said Roland Weedon, owner of Orange, Calif.-based Essex Mortgage, a ten-year Del Mar DataTrac client that recently purchased the company's electronic document management system (DocumentTrac[TM]) and their origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real portal (WebTrac[R]). "We decided to expand our usage of Del Mar DataTrac's technology to include DocumentTrac and WebTrac in order to stay in-line In-line Used in the context of general equities. (1) An order or market in a specific security within the inside market; 2) any announcement (earnings) that adheres closely to Wall Street analysts' expectations. with where the mortgage industry is headed. DocumentTrac will allow us to turn our warehouse lines faster, greatly reduce office clutter, and save considerable amounts of time and money on storage and shipping costs. WebTrac will enable us to provide better customer service by giving lenders the ability to view loan status online." "Our continued growth is the direct result of our decision to invest heavily in our product suite and our client base, which is further increasing our clients' return on investment," said Rob Katz, president of Del Mar DataTrac. "Lenders are looking at DataTrac because they see economic conditions as an opportunity to create a competitive advantage. They know that in order to succeed, 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. must be more efficient, with lower costs, less errors and higher profits." 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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