Del Mar Database Releases Enhancements to DataTrac, DocumentTrac and WebTrac Pro.

SAN DIEGO -- Updates include FACTA compliance, MERS tools, Automatic Form Recognition and Electronic Investor Delivery to Countrywide 

Del Mar Database has released updates to its core mortgage banking software solution, DataTrac(R), and its AutoPrice, DocumentTrac(TM) and WebTrac(R) Pro applications. Enhancements include updated compliance, improved data management and reporting, secondary marketing improvements and electronic document management and delivery.

"Clearly the mortgage industry is becoming more competitive and lenders are absolutely going to have to become more efficient to prosper in this environment," said John Walsh, president of Del Mar Database. "Our focus at Del Mar Database is to provide small to medium-size lenders with solutions that increase production and profitability and improve efficiency. DataTrac, DocumentTrac and WebTrac Pro eliminate unnecessary steps in the processing of loans and have a direct impact on lender profits."

DataTrac, an automated back-office processing solution built specifically for small and medium-size lenders, connects quickly and easily to a lender's point of sale origination application and improves efficiency and profitability while reducing duplicate data entry. Current updates to DataTrac include a redesign to comply with Fair and Accurate Transactions Act (FACTA) requirements that recently went into effect. A new MERS number sort option has been added to enable users to search for loans by MERS MIN number. An enhanced export for Mortgage Capital Management (MCM) customers allows lenders to send more data to MCM for improved hedging and secondary marketing. DataTrac AutoPrice, a tool that enables loan officers and brokers to quickly and accurately price and lock a loan, now includes broker offset pricing based on loan program as well as updated e-mail notifications.

DocumentTrac, an electronic document management solution that is integrated with DataTrac, gives lenders the ability to electronically image, archive, retrieve and distribute all paper documents associated with a loan file to an investor or other party. DocumentTrac now automatically recognizes 15 common mortgage forms, including 1008, 1003, GFE and W2, as they are submitted by originators via fax, scanner, file upload or print functions. The forms are associated with the correct loan file and stored in the system where they become accessible for view. Once stored, an email notification is sent to the appropriate individual. This feature reduces time and costs associated with processing a mortgage loan. DocumentTrac now also enables direct delivery of electronic documents to Countrywide's imaging solution, accelerating the purchase and sale of loans on the secondary market. The remote document viewing feature enables originators to have immediate, direct access to loan information online. The feature improves the originator's experience by reducing status verification phone calls to underwriters and processors that interrupt the processing of loans.

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.