SAN DIEGO, October 23, 2005 - Washington-based Seattle Mortgage Company has selected Del Mar Database’s DataTrac ® mortgage lending solution for its back-office automated processing solution of record. As Del Mar Database’s 400th customer, Seattle Mortgage will take advantage of DataTrac’s proven ability to reduce costs, generate greater profits per loan, minimize errors using business intelligence and fund more loans with fewer people. The news was announced at Mortgage Bankers Association’s 92 nd Annual Convention and Expo.

Seattle Mortgage has been recognized by Fannie Mae as one of Washington’s top affordable housing lenders. After unsuccessfully trying to implement an end-to-end solution, Seattle Mortgage turned to Del Mar Database for its best-of-breed technology solution.

“Prior to implementing a technology solution, we frequently encountered frustrations inherent with manual processes,” said Bob Engelhorn, vice president of Operations, Seattle Mortgage Company. “The end-to-end solution we initially selected was extremely complex, requiring dedicated technology resources and significant training. We spent a lot of time and money trying to get it going, but the complexity of the system we were trying to implement was just too overwhelming. We had to find something that was easier to use and easier to train people on.”

As a result of these challenges, Seattle Mortgage selected DataTrac.

“The set up of DataTrac has been quick and easy,” said Engelhorn. “The application is intuitive and requires minimal training making us productive from day one. With the addition of WebTrac we will be able to keep our originators involved in the process without phone interruptions to our processors and underwriters. DocumentTrac will enable us to easily integrate our imaged loan files with our core system of record, DataTrac.”

“By proactively seeking an alternative to its end-to-end solution and selecting Del Mar Database, Seattle Mortgage now has a solution that will not only maximize its profitability, but also a solution that is quickly implemented and is easy to use,” said Rob Katz, vice president of Del Mar Database. “As a local lending institution, Seattle Mortgage is focused on making homeownership a reality for every borrower. Our solution enables the company to pass the cost-savings it experiences on to the consumer. We look forward to being a part of Seattle Mortgage’s future growth.”