DMD Named Among Top Mortgage Industry Service Providers
Company makes annual listing for the second consecutive year since acquisition
SAN DIEGO, July 24, 2009 – Del Mar DataTrac, Inc. (DMD), the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions, has been named one of the mortgage industry’s top 50 service providers of 2009 by Mortgage Technology magazine. DMD provides solutions that empower mortgage lenders, banks and credit unions to make more money, save time, better control their business, and have peace of mind.
According to Mortgage Technology, the “Top 50 Service Providers” were chosen according to four major criteria: “customer satisfaction, functionality, market share and viable revenue model.” However, the publication states that “providers’ demonstrating functional value to lenders” is the most important criterion. The magazine cited DMD’s 57 new clients, FY 2008 profitability, the millions of dollars invested into product developments, and revamping “its vender service platform to provide its customers with quality integrations and access to the best-of-breed providers,” as reasons why the company was awarded.
“DMD continues to be recognized as a Top 50 Service Provider because of our commitment to provide well-developed technology and superior customer service,” said Rob Katz, president of Del Mar DataTrac. “This ongoing philosophy accounts for our latest product release, DataTrac Version 9.0, which addresses 246 specific product requests from current users to facilitate faster loan processing and underwriting, while further reducing lenders’ risk in today’s changing regulatory environment. Such dedication is why our technology has been utilized by hundreds of lenders, banks and credit unions for more than 18 years.”
This marks DMD’s second consecutive return to Mortgage Technology’s annual listing since the company was purchased by TVC Capital, LLC from its former parent in January 2008.
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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