Mortgage Technology - August
Pages 11-15

Scott Kersnar provides a robust overview of lenders options for pricing engines: stand-alone vs LOS-embedded systems. Kersnar explores why LOS systems have chosen to integrate with Product and Pricing Eligibility (PPE) vendors rather than competing with them.

Del Mar DataTrac recently became an open-platform, integrating with leading PPE and AUS providers. “Loan pricing and decisioning are complex problems to solve through automation,” said Rob Katz, president of Del Mar DataTrac. He explained that their hundreds of clients use a PPE for diverse purposes, ranging from a quick eligibility check to a comprehensive automated approval that returns conditions.

“By offering PriceTrac, we were limiting some of our customers’ ability to deploy a comprehensive solution that supported their business needs.” DataTrac therefore elected to integrate with the “handful of companies in the industry that provide excellent solutions in the PPE and AUS space,” said Gregg Holsapple, vice president of product and technology for Del Mar DataTrac.

Del Mar DataTrac's PPE and AUS partners include: Merit Matrix (recently acquired by AllRegs), Mortech, Optimal Blue, NYLX, Sollen, Loan-Score and PriceMyLoan.