SAN DIEGO, Calif. (SEND2PRESS NEWSWIRE) — 1st Advantage Mortgage, DocuTech and Del Mar DataTrac (DMD) have been named Mortgage Technology magazine’s Synergy Award finalists, recognizing “technology initiatives and alliances that show exemplary interoperability in a production setting to advance the cause of automation and e-commerce,” according to DMD.
The three companies were chosen as finalists because of 1st Advantage’s ability to reduce its time and costs associated with processing closing documents by leveraging the integration between DataTrac®, DMD’s leading back-office hub for lenders and ConformX, DocuTech’s Web-based solution for creating compliant closing documents. The integration utilizes DMD’s Vendor Service Platform 2.0 (VSP 2.0), a browser-based extension to DataTrac that enables seamless two-way integrations with vendor systems.
“True synergy exists when multiple software systems work so well that users cannot tell the difference between them,” said Mike Grego, COO of 1st Advantage Mortgage. The integration between DataTrac and ConformX enables us to process our closing documents faster, more efficiently and more accurately than ever before.”
“Our vendor service platform was created to give lenders access to the industry’s best-of-breed service providers without juggling multiple software programs,” said Rob Katz, president of DMD. “1st Advantage’s progressive approach to technology extends this synergy further by combining its culture of efficiency with a seamless technology integration.”
“All too often lenders look at documents as a commodity that can be settled by price,” said Ty Jenkins, CEO and founder of DocuTech. “The integration between Del Mar DataTrac and 1st Advantage shows that having guaranteed document compliance and a seamless workflow can increase volume and margins by reducing the costs and time spent on closing docs.”
About DMD
Founded in 1991, Del Mar DataTrac (DMD) is the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions. DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a web-based originator portal, and a management dashboard – all in a paperless environment.
The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency. For more information, visit www.dmdinc.com.
About DocuTech
Since 1991, DocuTech Corp. (DocuTech) has provided outstanding compliance services and documentation technology for the mortgage industry. DocuTech’s software interfaces with leading loan origination systems (LOS) and enables mortgage professionals to generate documents locally. DocuTech manages and secures all information needed for a loan, guaranteeing accuracy, security and compliance.
For more information visit the company’s Web site at www.docutechcorp.com.
About 1st Advantage Mortgage
The 1st Advantage Mortgage mission is to set a high standard in the mortgage industry. We are committed to quality customer service – putting the people we serve first. Take advantage of our expertise in the residential lending industry by applying online today. You will find that the skill, professionalism, and consideration we give to each of our clients make getting your loan a successful endeavor.
All referenced product names, and other marks, are trademarks of their respective owners. This story was issued by and is copr. © 2009 Send2Press®, a service of Neotrope®.
TAGS: del mar datatrac mortgage technology magazine
News Source: Del Mar DataTrac