Loan Origination and Operations Training Top Mortgage Lender Concerns at Annual DMD Client Conference

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mortgage lending automation solutions

SAN DIEGO, Calif., June 28, 2011 (SEND2PRESS NEWSWIRE) -- Nearly 120 mortgage lenders attending the Del Mar DataTrac, Inc. (DMD) annual client conference earlier this month cited the growing need for comprehensive training in light of regulatory changes, new standards for loan quality and compliance, and the need to improve profitability in a low volume marketplace. DMD is the leading provider of affordable end-to-end mortgage lending automation solutions, and an industry pioneer in paperless lending and loan process workflow tools.

DMD's 2011 client conference provided attendees with best practices processes for loan origination, including point-of-sale, processing, underwriting, secondary marketing, closing, funding and delivery to investor.

"The most reliable source of guidance about mortgage lenders' challenges is mortgage lenders, which is why DMD is committed to maintaining multiple client 'touch points,' including our annual client conference," said DMD president Rob Katz. "It never fails to impress me how much we learn from mortgage lenders in the process of training and demonstrating best practices with the DataTrac Suite."

According to Katz, mortgage lenders have a new appreciation for the role of training in three specific areas: grasping mortgage lending fundamentals and the marketplace; understanding each role in originating quality, compliant loans; and leveraging technology to achieve mortgage banking business objectives, such as ensuring the ultimate salability and profitability of loans.

"More than ever before, mortgage bankers realize they need a forum focused on training, problem solving and collaboration with their peers, which explains the 20 percent jump in attendance as compared with the 2010 DMD client conference," said DMD vice president for client services Sue Sroka. "DMD has earned its reputation as a client service provider, as well as the leading provider of end-to-end mortgage lending automation for an evolving marketplace, by listening to and investing in its clients."

About Del Mar DataTrac (DMD):

Marking its 20th business anniversary in 2011 and with more than $2 trillion in mortgage loans funded through DataTrac since its inception, 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, and a web-based originator portal and commission engine - 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 .

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REFERENCES: mortgage lending automation solutions, mortgage lenders SaaS, Sue Sroka, Rob Katz, point-of-sale system, Del Mar DataTrac Inc, loan quality and compliance, mortgage lenders SaaS, San Diego California, mortgage lending automation solutions, news, press release from Del Mar DataTrac, Jun 28, 2011, Banking and Finance, Computing, Events, San Diego, California, Loan Origination and Operations Training Top Mortgage Lender Concerns at Annual DMD Client Conference