Del Mar Launches Updated Automated Platform

Del Mar DataTrac (DMD) launched Version 9.0 of its automation platform, used widely by mortgage lenders, banks and credit unions to facilitate loan processing and underwriting. The release includes new versions of WebTrac, a Web-based originator portal, and DocumentTrac, an electronic document manager, and addresses 246 product requests, according to the corporate release. “We asked our clients how we could further improve their user experience and help them make more money, better control their business, save time and secure peace of mind — the core focus of DMD. Version 9.0 was built around their feedback,” said Rob Katz, president of DMD, in the release. New features update underwriting worksheets and improve new fields for appraisal, property and flood certification information. The update also revises county management with new loan limits from Fannie Mae (FNM), and it enhances pricing adjustments. The new software makes improvements for underwriting, specifically for the Federal Housing Administration’s mortgage insurance program. Write to Jon Prior.