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National Mortgage Professional
May 08, 2008

Del Mar DataTrac integrates with QuestSoft in VSP 2.0MortgagePress.comDel Mar DataTrac, QuestSoft, Vendor Service Platform, Compliance EAGLE, compliance, including Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA) Del Mar DataTrac Inc. has announced that it has integrated with Laguna Hills, Calif.-based QuestSoft in the newest release of its Vendor Service Platform (VSP 2.0). 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. Del Mar DataTrac's VSP 2.0 is a browser-based extension to DataTrac, the company's flagship loan origination software program. The platform offers seamless two-way integrations between a lender's database of record and vendor systems. Additionally, VSP 2.0 also includes a new seamless integration into QuestSoft's Compliance EAGLE service, as well as extensive enhancements to its existing integration with the DocMagic loan documents service. The platform expedites the transaction process by eliminating nearly all manual data entry into a vendor's system. It also provides instant feedback from the vendor directly to DataTrac. Since the information source for each transaction is originating in DataTrac, VSP 2.0 ensures that the vendor is working with the same data that is present on the user's desktop. QuestSoft's Compliance EAGLE evaluates a file against a comprehensive suite of compliance regulations and standards including Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA) and flood determination requirements, as well as Truth in Lending Act (TILA), federal, state and local consumer and predatory lending laws. For many of these services, QuestSoft uses the Mavent Expert System, the same system used by many of nations largest lenders, conduits and Wall Street firms. Customers can order QuestSoft's compliance reviews directly through DataTrac, instantly receiving complete responses, which can be analyzed and saved within their database of record. The ability to quickly process and analyze compliance results ensures real-time, pinpoint accuracy with all regulations and standards for DataTrac clients. "By reviewing federal, state and local regulations, lenders and investors have more confidence that they have reduced litigation and regulatory risk," said Leonard Ryan, president of QuestSoft. "Lenders using Compliance EAGLE through DataTrac can prevent post-closing buybacks, legal actions or penalties because the lender can locate and correct errors prior to funding the loan. Additionally, investors are far more comfortable purchasing the loans because the system ensures compliance with all new regulations." "Our goal is to provide DataTrac customers with the absolute best in technology and service that the mortgage industry has to offer," said Rob Katz, president of Del Mar DataTrac. "With VSP 2.0, our lender customers can easily leverage DataTrac to provide a convenient, cost efficient lending environment that provides exceptional customer service and attracts the best origination talent in the industry." For more information, visit or ###
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