CHICAGO, ILL, Oct. 23, 2006 – Del Mar Database (DMD), a unit of Fiserv Inc. (Nasdaq: FISV), has introduced SourceTrac™, a highly customizable consumer-direct lending portal that allows lenders to enhance their Web presence to both provide better customer service to borrowers and improve lead generation capabilities. SourceTrac is integrated with DataTrac®, Del Mar Database’s flagship product. The news was announced today at the Mortgage Bankers Association’s 93rd Annual Convention and Expo in Chicago.
DataTrac is Del Mar Database’s back-office processing solution that improves both operational efficiency and production while reducing risk. SourceTrac enables small to medium-sized lenders to effectively compete for business online against larger, often more technologically sophisticated lending institutions. The portal can be used for online mortgage loan applications, as a solution for communicating with borrowers during the loan process, or as a lender’s entire Web presence.
“The mortgage market is tighter this year, and smart lenders are looking to technology to increase their production, improve their customer service and maintain their profitability,” said Rob Katz, executive vice president of Del Mar Database. “SourceTrac is a truly unique offering that provides both real cost and resource savings, as well as the ability for a lender to make a one-time investment that will continue to generate leads for them into the future.”
SourceTrac is the only consumer-direct Web portal that fully integrates with DataTrac. Del Mar Database has taken a simple approach to implementation so that lenders may eliminate or substantially reduce the need for loan officers to take applications over the phone. The portal was developed with easy single server installation and simple content editing and configuration.
“Del Mar Database is committed to consistently offering innovative products to benefit small to medium-size lenders competing with larger lenders,” said Katz. “Our product development is based on feedback received from customers and we are proud to add SourceTrac to our solution suite as it offers both cost savings and lead generation benefits. Customers can self-implement and be up and running in a matter of days, not months. Few solutions in the market today allow lenders to cut costs, enhance their Web presence, and generate leads at the same time.”
About Del Mar Database
San Diego-based Del Mar Database, a wholly owned subsidiary of Fiserv Inc. (Nasdaq: FISV), introduces new technologies to lenders of all sizes that leverage their existing tools to improve efficiencies, increase profitability and increase pipeline capacity. The company's proprietary software solution, DataTrac, enables lenders 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's customers include mortgage lenders, brokers becoming lenders, credit unions, and community banks. For more information, visit www.delmardb.com.
About Fiserv Inc.
Fiserv Inc. (Nasdaq:FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.
