Capital Markets Cooperative and Del Mar DataTrac Enhance Customer Value through Strategic Partnership
Similar strategic visions create unique opportunity to team up
Ponte Vedra Beach, FL and San Diego, CA, August 13, 2009- Capital Markets Cooperative (CMC), a firm that leverages its cooperative power and secondary marketing expertise to improve execution and increase individual member profitability, and Del Mar DataTrac (DMD), the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions, announced today that they have formed a strategic partnership to bring more value to their mutual customers. This partnership will bring members of the cooperative greater benefits when contracting with DMD for their best in breed products and services. Similarly, CMC will provide state-of-the-art secondary marketing solutions to those banks, credit unions and independent mortgage companies operating on the DMD technology platform.
According to CMC President Tom Millon, “CMC mortgage banker clients will realize substantial cost savings under the structure of the new strategic partnership. DMD is a proven technology leader in the mortgage industry and unmatched in their depth and breadth of product offering. We share a number of clients who are very complementary of the DMD products and their team. Our typical client profiles are similar and we noticed quickly that there is an opportunity to collaborate to satisfy the technology and secondary marketing needs of our current and future customers.”
”Our goal at DMD is to help our clients solve business problems,” said Rob Katz, president of DMD. “Beyond the obstacles that can be overcome with our software solutions, lenders are faced with a variety of challenges around pricing, competitiveness, and liquidity. The CMC team brings a lot of leverage to a lending organization. By partnering with them, we are exposing our clients to a resource that can really help them thrive.”
About Capital Markets Cooperative
Founded in 2003 and headquartered in Ponte Vedra Beach, FL, Capital Markets Cooperative (CMC) provides mortgage bankers with the economies of scale and the expertise that reduce risk and maximize profit in the secondary market. Regarded as the premiere secondary marketing specialists in the industry, CMC has worked with financial institutions nationwide to break traditional barriers in capital markets and take performance to a higher level of profitability. To date CMC executives have managed more than $500 billion of mortgage volume. For more information about Capital Markets Cooperative, visit www.capmkts.org or call 904.543.0052 or e-mail info@capmkts.org
About Del Mar DataTrac
Founded in 1991, Del Mar DataTrac (DMD) is the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions. DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a web-based originator portal, and a management dashboard – all in a paperless environment.
The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency.
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