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Del Mar Database and Ellie Mae, Inc. to Enhance Integration of DataTrac and Encompass
Best-of-breed solutions offer small and medium-sized lenders a superior alternative to end-to-end solutions
DUBLIN, CA—March 29, 2005—Del Mar Database is enhancing the integration
between its DataTrac® back-office mortgage banking solution and Ellie Mae's
Encompass® loan origination and management technology. DataTrac enables lenders
to leverage their existing technology investment to reduce costs, generate greater
profits per loan, minimize errors using business intelligence and fund more loans
with fewer people.
DataTrac connects a lender's mortgage applications to a single point of data input
and management, reducing duplicate data entry and adding several layers of security
that protect data integrity throughout the process. Integrations with point-of-sale
(POS) solutions, such as Encompass, enable mortgage lenders to enhance existing
technology investments in order to take advantage of efficiency and profitability
gains without the time and cost associated with end-to-end solutions.
"Our solutions are unique because they don't require a lender to replace their
existing software solutions," said John Walsh, president of Del Mar Database.
"Partnerships with best-of-breed technology providers enable our customers to
take advantage of leading-edge solutions, increasing market penetration and
improving profitability. This partnership allows lenders who have already adopted
Encompass, or who are considering adopting Encompass, to also quickly and easily
automate the rest of their mortgage operations."
The Encompass® Mortgage Management System is designed to serve the individual
needs of loan officers, processors and brokers and combines all the critical
elements of a mortgage origination business into one seamless, integrated
application that dramatically improves the way brokers and retail lenders
function. The solution offers an at-a-glance loan pipeline view, seamless
collaboration tools, personal workflow management, integrated contact
management, marketing, business-building tools and secure, seamless Internet
connectivity with leading lenders and thousands of settlement service providers.
"The demand for the Encompass Mortgage Management System has been overwhelming
in the last 12 months," said Jonathan Corr, senior vice president of
Products for Ellie Mae. "We have seen massive adoption by not only mortgage
brokers, but by many mortgage bankers and retail lenders. Since bankers and
lenders need additional capabilities to effectively manage their mortgage
lending operations, this integration partnership with Del Mar Database
provides these customers with a complete solution that will take their
operations to the next level."
This enhancement to the existing data exchange will make the transfer of
information from Encompass to DataTrac seamless.
About Del Mar Database
San Diego-based Del Mar Database introduces new technologies to lenders of
all sizes that leverage their existing tools to improve efficiencies,
increase profitability and increase pipeline capacity. The company's proprietary
software solution, DataTrac®, enables 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, brokers becoming lenders, credit unions and community banks.
For more information, visit www.delmardb.com.
About Ellie Mae, Inc.
Ellie Mae, Inc. is an award-winning provider of software and services for the mortgage
industry, which has been recognized in each of the past three years as one of the fastest
growing companies in the California Bay Area, and most recently has been named to the
Inc. 500 list of America's fastest growing private companies. Ellie Mae provides a
comprehensive line of products and services including the company's flagship
Encompass® mortgage management system, Contour and Genesis loan
origination software, Executive Web Sites for mortgage brokers, and Ellie Mae
Docs services for document processing. Ellie Mae's ePASS® Network is the
mortgage industry's online transaction platform enabling 40,000+ mortgage companies
in the United States to easily do business online with leading lenders and nearly
100,000 settlement service providers. Ellie Mae is based in Dublin, California.
To learn more about Ellie Mae, visit www.elliemae.com
or call (925) 227-7000.
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Ellie Mae, Encompass, ePASS, and Genesis 2000 are registered trademarks, and
Contour, Executive Websites, and Ellie Mae Docs are trademarks, of Ellie Mae, Inc. All rights
reserved.
Media Contacts:
Kevin Denver Banks
DMD Public Relations
(678) 781-7217 |
Vicki Gee Horiye
Director of Marketing
(858) 550-8810, ext. 144
vgeehoryie@delmardb.com
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