New DocumentTrac(TM) Standalone Allows Lenders to Leverage Existing Technology.Del Mar Del Mar is the name of several places in the United States of America:
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 Database (DMD (1) (Digital Micromirror Device) See DLP. (2) (Digital Multi-layer Disk) See high-def DVD formats. ), a business unit of Fiserv Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ), has launched DocumentTrac([TM])Standalone, an electronic document management (EDM (Engineering Data Management) An information system that maintains the details of all engineering data while the product is in the design and concept phase. This includes geometry and changes to geometry. See PLM. EDM - Electronic Data Management ) solution that empowers a lender's organization with a comprehensive solution for the imaging, filing, retrieval and distribution of all documents associated with a loan file. DocumentTrac Standalone can be integrated with a lender's existing mortgage banking system to increase their overall efficiency and profitability. DocumentTrac Standalone enables small to medium-size lenders to simultaneously share real-time loan files electronically. The solution provides the entire organization the ability to quickly view the status of a loan file to determine which documents are completed and which ones are outstanding. Beyond the loan file, the solution can also be used to manage any imaged document across an organization (e.g., human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , legal, compliance). A lender using DocumentTrac Standalone will instantly realize a positive impact in document shipping, reducing the profitability risk normally associated with the tedious task of shipping files. The solution can be programmed with the specific stacking order (graphics) stacking order - The relationship between windows that (partially) obscure each other. A window manager will include commands to alter the stacking order by bringing a chosen window to the front (top) or back (bottom) of the stack. requirements for each investor used by the lender and instantly alert a shipper of an incomplete loan package prior to delivering the file. Further, depending on the investor's preferences, DocumentTrac Standalone can deliver the virtual copy package electronically. Dana Capital Group, based in Irvine, Calif., is a nationwide mortgage lender with both retail and wholesale operations. The company implemented DocumentTrac Standalone in July and has since experienced overall reduced costs and increased efficiency throughout the organization. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a document imaging solution that could easily and cost-effectively integrate with our existing system," said Myron Miller, vice president of Information Technology for Dana Capital Group. "DocumentTrac Standalone matched our business needs with the flexibility to seamlessly integrate our existing copier and scanner, which saved us both time and money. DocumentTrac enables small and medium-size lenders to better compete with larger lenders, and we have been able to take advantage of electronic imaging without disrupting our current organizational structure." DocumentTrac Standalone empowers lenders to leverage their existing technology to reduce costs and increase efficiency across all departments. Del Mar Database has delivered a solution that enables all lenders, regardless of technology preference, to benefit from electronic imaging. DocumentTrac was designed to provide robust, user-friendly technology for document acquisition, filing, retrieval and shipping. "DocumentTrac has been one of our most successful solutions over the last couple of years," said John Walsh, president of Del Mar Database. "DocumentTrac is well received by the lending community for its proven ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Lenders recuperate re·cu·per·ate v. To return to health or strength; recover. their investment in a couple of months and from that point forward it's pure profit. Many lenders, for one reason or another, aren't in a position to migrate to DataTrac. Allowing these mortgage bankers on different loan origination systems to use DocumentTrac gives them the advantage of the market-leading electronic document management solution." About Del Mar Database San Diego-based Del Mar Database, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Fiserv Inc. (Nasdaq: FISV), 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, 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. About Fiserv Inc. Fiserv Inc. (Nasdaq: FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ), software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com. |
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