Del Mar DataTrac Adds 37 Clients In Six Months

Del Mar DataTrac®, Inc. announced at the Mortgage Bankers Association’s (MBA’s) 95th Annual Convention & Expo that the company has added 37 clients in the six-month period spanning February to August 2008. Del Mar DataTrac provides solutions that empower small- and medium-sized mortgage bankers to deliver extraordinary customer service and drive up production while reducing risk, increasing productivity and streamlining their overall efficiency.

This total includes 15 new clients and 22 returning clients. In August, the company set a single month record for the number of individual seat licenses sold. The growth in Del Mar DataTrac’s client base also includes a growing number of retail banks and credit unions. As these institutions continue to capture a larger share of the mortgage lending market, they must focus on increasing both efficiency and profitability.

“Del Mar DataTrac’s appeal is that the technology is easy to work with and the support staff is very helpful. The company’s open platform enables us to use DataTrac as our hub of information, while creating our own external applications. Meanwhile, since all data entry is handled through DataTrac, our operations staff never has to learn a new system, and the interface is seamless,” said Andrew WeissMalik, secondary manager of 360 Mortgage Group.

“As margins on mortgage loans continue to shrink, we are seeing a renewed focus on efficiency and profitability across all aspects of our customers’ operations,” said Rob Katz, president of Del Mar DataTrac. “With a 17-year track record of helping lenders maximize the number of dollars they retain per loan, the DataTrac product suite has proven itself to be a valuable resource in periods of reduced lending activity. Further, institutions that implement DataTrac now will enjoy even greater profitability in periods of economic boom.”

The addition of 37 clients represents a significant growth in the company’s annual revenue, during an economic period in which many mortgage technology providers are experiencing a decline in sales. “Since retaining ownership of the company in late January 2008, we have invested heavily in our company, our product suite and most importantly, our customers,” said Katz. “We have been able to do all of this and offer an affordable pricing model at the same time.”

Del Mar DataTrac recently announced a simplified product pricing model that would enable mortgage bankers, banks and credit unions to better leverage the entire DataTrac product suite at a lower upfront and monthly cost. Additionally, the company recently discontinued its product and pricing eligibility platform, PriceTrac, and expanded its open platform approach to enable integrations with many of the industry’s leading PPE and automated underwriting system (AUS) providers.

San Diego-based Del Mar DataTrac provides mortgage bankers of all sizes with technologies that leverage existing tools to improve customer service and operational efficiencies, while increasing profitability. The company’s proprietary flagship solution, DataTrac®, empowers 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, credit unions, and community banks. For more information, visit www.delmardb.com.