SOURCE: Loan-Score Decisioning Systems

July 08, 2008 08:18 ET

Del Mar DataTrac and Loan-Score Enhance Customer Value Through Business Partnership

Demand for Seamless Integration Drives Technology Firms to Team Up

SAN DIEGO, CA and IRVINE, CA--(Marketwire - July 8, 2008) - Loan-Score Decisioning Systems, an emerging leader in enterprise-class pricing and automated underwriting solutions, and Del Mar DataTrac® (DMD), an established loan origination and processing system, announced today 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-Score's 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. 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," said Rob Katz, president of Del Mar DataTrac. "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 lender's bottom line."

Web-based demonstrations of the integration between Loan-Score and DataTrac are available to lenders who want to see how the POS and LOS exchange and populate data between the systems.

About Del Mar DataTrac

San Diego-based Del Mar DataTrac provides mortgage bankers of all sizes with technologies that leverage existing tools to improve customer service and operational efficiencies, while increasing profitability. The company's proprietary flagship solution, DataTrac®, empowers lenders to reduce costs, generate greater profits per loan, minimize errors using business intelligence and fund more loans with fewer people. Founded in 1991, the company's customers include mortgage lenders, credit unions, and community banks. For more information, visit www.delmardb.com.

About Loan-Score Decisioning Systems

Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems, offers a true, enterprise-class AUS and product/pricing engine available on a software-as-a-service (SaaS) and also a self-hosted basis for all lending channels and product types. Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and rates to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that results in fundable loans. The company's solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs and avoid inflexible programming efforts and high maintenance costs. Loan-Score's solutions are in production with small, medium and large lending institutions. For more information, visit www.loan-score.com or call 949-450-0102.

Contact Information

  • CONTACTS:

    Kristol Gallaher
    Del Mar DataTrac
    858.550.8810, ext. 129
    Email Contact

    Joe Bowerbank
    Loan-Score Decisioning Systems
    949.450.0102, ext. 204
    Email Contact