DMD Releases DataTrac Version 9.0
Streamlined lending automation platform enables faster loan processing and underwriting,helps lenders prepare for upcoming regulatory
SAN DIEGO, July 15, 2009 – Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions, has released version 9.0 of its widely recognized workflow automation platform. The 9.0 release encompasses the core products within the suite, including new versions of DataTrac, WebTrac, DocumentTrac, InTrac, TracTools, AutoPrice and the Vendor Services Platform (VSP). This release addresses 246 product requests.
- Version 9.0 is designed to facilitate faster loan processing and underwriting, while reducing lenders’ risk in the face of regulatory uncertainty. It features streamlined user screens, new user roles and built-in compliance features. Enhancements include:
- Updated underwriting worksheets with reorganized decisioning, credit and property information fields
- Improved new fields for appraisal, property and flood certification information
- Revised county management with new Fannie Mae loan limits, county specific fields and a built-in administrative utility to mass update county-level data
- Refined underwriting, condition sign off (e.g. prior to funding), quality assurance (QA) and quality control (QC) user roles
- Enhanced integrations for pricing adjustments from product eligibility & pricing engine (PPE) partners
- Significant improvements to better support underwriting functionality, specifically FHA underwriting
Version 9.0 also includes enhancements to DMD’s other software solutions including DocumentTrac, the leading electronic document management solution for mortgage bankers, InTrac, a point-of-sales solution, and WebTrac, a web-based originator portal.
“Version 9.0 is the result of thousands of man-hours by our entire staff, along with a significant investment in product development,” said Rob Katz, president of DMD. “We asked our clients how we could further improve their user experience and help them make more money, better control their business, save time and secure peace of mind – the core focus of DMD. Version 9.0 was built around their feedback.”
Within hours of making the release available to their clients, over 30 customers had already downloaded the update package validating the high interest in this release.
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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