Magazine article Mortgage Banking

Del Mar Releases DocumentTrac Solution

Magazine article Mortgage Banking

Del Mar Releases DocumentTrac Solution

Article excerpt

DEL MAR DATABASE, SAN DIEGO, HAS released DocumentTrac, an electronic document-management solution that is integrated with DataTrac[R], the firm's automated back-office processing solution. DocumentTrac allows lenders to electronically image, archive, retrieve and distribute all paper documents associated with a loan file to an investor or other party. Del Mar Database has also released updates to DataTrac and WebTrac[R] Pro.

Built on Microsoft's[R].NET architecture, DocumentTrac is tightly integrated with DataTrac to eliminate duplicate data entry, reduce errors and increase productivity--providing the mortgage industry one of the most feature-rich electronic documentmanagement solutions available to small and midsized mortgage lenders, according to Del Mar Database. The solution reduces labor costs associated with loan processing, minimizes storage and delivery costs, and allows faster funding with electronic delivery to investors.

Through DocumentTrac, originators, including loan officers and brokers, can electronically submit documents associated with a loan file via fax, scanner, file upload or print functions, minimizing the need to purchase additional hardware. WebTrac Pro users can directly submit loan files to DataTrac via the Web interface and backoffice users can automatically generate shipping documents in investor-specific stacking order, accelerating funding. …

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