Del Mar DataTrac and Loan-Score enhance customer value through business partnershipMortgagePress.comDel Mar DataTrac, Loan Score Decisioning Systems, DataTrac, AUS, automated underwriting system
Loan-Score Decisioning Systems and Del Mar DataTrac(DMD) have
announced that they have completed an enhanced nine-point seamless
integration between Loan-Score's automated underwriting system
(AUS) and DMD's mortgage banking automation solution DataTrac. The
integration is bi-directional and enables the two systems to
automatically talk to one another, updating conditions and
loan-level status in real-time using advanced Web services.
Loan-Score's Web-based pricing engine and AUS serves as the
point-of-sale decisioning solution, while DataTrac remains as the
core system of record and workflow management solution for the
fulfillment process.
The integration is already in production with several of the two
technology firm's mutual clients and others are scheduled to go
live shortly.
"Seamless, reliable integration is the cornerstone of any sound
technology marriage between different vendors," said Steve Pavlos,
CIO of Pinnacle Capital Mortgage, a Loan-Score and DataTrac
customer. "I've seen a lot of really good technologies throughout
my career, but unless integration is achieved, you'll never realize
true efficiency. The tight integration between Loan-Scores POS and
DataTrac's LOS was the single most important factor in our decision
to engage with them."
"As Web services gain greater adoption, an increasing number of
opportunities present themselves for best-of-breed technology
vendors to work together to enhance their solution offerings and
deliver more value," said David P. Colwell, executive vice
president at Loan-Score. "Poor integrations in the mortgage
industry force lenders to use disparate systems that fail to talk
to each other, require multiple user log-ins, and sub-optimizes
speed and ease of use. By way of transparent integration,
Loan-Score and DataTrac have removed many of the communication
headaches for front and back office staff. DMD's technology,
knowledgeable staff and market share drove Loan-Score's development
of the seamless integration; cementing our relationship in the form
of a partnership made a lot of sense."
"I'm very excited about the integrated solution Loan-Score has
brought to the market," said Rob Katz, president of Del Mar
DataTrac. "In today's world of limited loan program varieties, a
lender must be able to provide clearly differentiated customer
service to their originators and borrowers. Loan-Score's instant
approval solution is a tool that will certainly catapult their
customers to the head of the pack when it comes to not only
providing high quality customer service, but also with real time
decisioning and pricing. The integration to DataTrac eliminates
duplicate data entry, and empowers a best practice workflow that
will be seen directly on the lenders bottom line."
For more information, visit www.delmardb.com or www.loan-score.com.
