SAN DIEGO, Calif. (CitizenWire) — Del Mar DataTrac® (DMD), the leading provider of affordable mortgage lending automation solutions, and an industry pioneer in business intelligence, paperless lending, and loan process workflow tools, is observing its 20th anniversary in 2011. Founded in August 1991 as a technology services firm for mortgage lenders, DMD first offered its flagship loan origination platform DataTrac in 1996. Since its introduction, mortgage lenders have funded more than $2 trillion in residential home loans through DataTrac.
“DMD has passed several substantial milestones in the last 20 years but none of those illustrated its cumulative impact on the mortgage industry more clearly than $2 trillion in loans funded through its flagship LOS offering, DataTrac,” said Jeb Spencer, DMD chairman “Earning mortgage lenders’ confidence in DMD solutions has always been our primary mission, and this is proof of our success.”
“Over the last two decades the mortgage industry has been transformed and DMD is proud to have been part of it because we believe in the vision of our loyal clients,” said DMD president Rob Katz. “Lenders do not really take on true risk until their loans have funded, so the fact that hundreds of mortgage bankers have trusted DataTrac for so many funded loans for their customers is humbling.”
DMD plans to celebrate its two-decade milestone throughout the year, including holding its biggest client conference ever in June, and making major product announcements and upgrades.
About Del Mar DataTrac:
Marking its 20th business anniversary in 2011 and with more than $2 trillion in mortgage loans funded through DataTrac since its inception, Del Mar DataTrac (DMD) is the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions.
DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a web-based originator portal and commission engine, and a management dashboard – all in a paperless environment.
The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency. For more information, visit www.dmdinc.com .
Copyright © 2011 CitizenWire™ and Neotrope®. CitizenWire is a publication of the Neotrope News Network.