Del Mar Database Concludes 2004 with Record Results; Mortgage Technology Company Expands Products, Adds Almost 100 New Lender Customers and Completes Fastest Implementation.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. 1. Having a medium size; as, a medium-sized man s>. Adj. 1. medium-sized - intermediate in size medium-size, moderate-size, moderate-sized lenders. Del Mar Database also reached a milestone during the year when it completed the fastest DataTrac implementation in a record 16 days. "As our customers' businesses grow and evolve, it is important that we grow and evolve with them," said John Walsh
John E. Walsh (born December 26, 1945 in Auburn, New York) is the host of the TV show America's Most Wanted. , president of Del Mar Database. "Our product enhancements are a direct response to the needs of small and medium-sized lenders who demand technology that helps them increase production and profitability and also improve efficiency - especially as industry loan volumes decrease. The rapidly growing number of DataTrac users validates our belief that we offer solutions that lenders trust to help them succeed." In 2004, Del Mar Database released WebTrac(R) Pro and DocumentTrac(TM). WebTrac Pro is an Internet-based production tool that enables lenders to provide instant communication and better service to their originators, loan officers and brokers. DocumentTrac is an electronic document management solution that dramatically increases the efficiency of lenders' operations by enabling them to image, retrieve To call up data that has been stored in a computer system. When a user queries a database, the data are retrieved into the computer first and then transmitted to the screen. (language) Retrieve , archive and distribute loan document information. Both solutions are tightly integrated with the DataTrac mortgage banking system. Del Mar Database also expanded its secondary marketing tools by releasing GuideTrac(TM), a solution that provides lenders with on-line product eligibility and investor 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. guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. , and a risk management tool that interfaces DataTrac with hedging advisory firm Mortgage Capital Management. Furthermore, DataTrac has been enhanced with a new feature, AutoPrice, which provides a sophisticated pricing solution that automatically prices loans, including all adjustments. "As the market continues to evolve in 2005, we remain focused on helping small and medium-sized lenders increase their production and profitability through technology solutions built with their needs in mind," said Walsh Walsh has several meanings: Mathematics
Contraction of we are. we're we are proud of our success in 2004 and looking forward to serving our customers even better in 2005." About Del Mar Database San Diego-based Del Mar Database introduces new technologies to lenders of all sizes that leverage their existing tools to improve efficiencies, increase profitability and increase pipeline capacity. The company's proprietary software solution, DataTrac(R), enables 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, brokers becoming lenders, credit unions and community banks. For more information, visit www.delmardb.com. |
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