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
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
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
"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
"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 www.delmardb.com or www.questsoft.com.