SAN DIEGO, July 29, 2004 - Del Mar Database has released DocumentTrac, an electronic document management solution that is integrated with DataTrac®, the firm's automated back-office processing solution. DocumentTrac gives lenders the ability to electronically image, archive, retrieve and distribute all paper documents associated with a loan file to an investor or other party. Del Mar Database has also released updates to DataTrac and WebTrac® Pro.

Built on Microsoft's .NET architecture, DocumentTrac is tightly integrated with DataTrac to eliminate duplicate data entry, reduce errors and increase productivity -- providing the mortgage industry one of the most feature rich electronic document management solutions available to small and mid-sized mortgage lenders. The solution reduces labor costs associated with loan processing, minimizes storage and delivery costs, and allows faster funding with electronic delivery to investors.

Through DocumentTrac, originators, including loan officers and brokers, can electronically submit documents associated with a loan file via fax, scanner, file upload, or print functions, minimizing the need to purchase additional hardware. WebTrac Pro users can directly submit loan files to DataTrac via the web interface and back-office users can automatically generate shipping documents in investor-specific stacking order, accelerating funding.

"In evaluating different document imaging solutions, DocumentTrac seamlessly integrated with DataTrac without complicating our current process," said Carl Nadeau, IT Director for Barrington Capital. "Its flexibility enabled us to integrate with our existing copiers, saving us time and money."

DocumentTrac features and functionality include document acquisition, filing, retrieval and bundling. Acquisition occurs through fax, file upload, scanning or via a print driver. Filing includes automatic forms identification, integrated loan file search, exception based manual categorization, and integrated data. Retrieval functions enable easy access through the loan record selected in DataTrac. Bundling features include verification of loan completeness, generation of documents in the appropriate stacking order, and electronic delivery.

"Many of the limitations on improving our industry's efficiency and customer service are clearly linked to our reliance on paper documents in a physical loan file," said the president of Del Mar Database. "Because of our mortgage industry experience, we've designed DocumentTrac to integrate tightly with DataTrac in order to dramatically reduce this dependency on paper documents, reducing copier, storage and delivery costs, decreasing errors and increasing loan processing capacity. DataTrac users have reported a 60 percent increase in productivity per employee and we believe that imaging and document management present a rare opportunity for lenders to realize additional improvements of a similar magnitude."

DataTrac updates include enhanced point-of-sale and underwriting interfaces, and additional reporting and system functionality. WebTrac Pro updates include the ability for lenders to share 'conversation' notes between their staff and originators, enhancing communication between all parties and improving customer service capabilities. Duplicate loan check functionality and auto login capabilities are also included in the WebTrac Pro update.

About Del Mar Database (DMD)

San Diego-based Del Mar Database offers proven software solutions specifically designed to meet the needs and budgets of small to mid-sized lenders. The company's proprietary software solution, DataTrac®, enables lenders to leverage their existing technology investment 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 has more than 280 clients that include mortgage lenders, brokers becoming lenders, credit unions and community banks