Del Mar Database on Wednesday released InTrac, technology that helps small and medium-sized mortgage lenders reduce operating costs by consolidating vendors and systems.
InTrac enables lenders to put a single provider lending system into the hands of more employees, reaching out to loan officers and processors, the company said.
“With InTrac, Del Mar Database is providing yet another best-of-breed option that enables us to improve efficiency and better compete with larger lenders,” said Matt Klaess, CEO at Western Financial LLC, in a statement. The CEO said that InTrac would help his company increase the profit it makes per loan.
InTrac doesn’t stand by itself. It’s an optional add-on for lenders who already use DataTrac.
Del Mar is a provider of automation systems for small to mid-sized residential mortgage lenders that was acquired in March by Fiserv
Del Mar Database offers a variety of services to automate the back office for mortgage brokers and other lenders. The company’s products, including DataTrac and WebTrac Pro, serve as a hub in the loan processing cycle by linking loan origination systems and relevant ancillary products while providing additional functional, process management and security tools.
Del Mar Database products also offer document imaging and pricing applications, and enable multi-user access to all of the information needed for loan approval and processing.
“Many of our new clients are switching from so-called ‘end-to-end solutions’ that either failed during implementation or simply did not meet the business needs of the lender,” said John Walsh, president of Del Mar Database.
“After selecting DataTrac as the best back-office solution, these lenders have the option to choose the best point-of-service for their businesses, whether our offering or another vendor’s. InTrac’s simple implementation and ease of use, combined with our technical and customer support, provides for greater efficiency and return on investment,” Walsh claimed.
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