Your business is changing on nearly a daily basis – sometimes by your choice, most often by changes to the industry. The success of your company is interconnected to the agility of your mortgage banking platform.
A Scalable Solution
As you grow and your business evolves, you need a platform able to facilitate growth. Only DataTrac® consolidates all lending channels under a single database and can scale with even the most aggressive plans for success. Many of our customers have grown from “a few dozen” to “hundreds” to even “thousands” of loans per month in wholesale, retail, and correspondent lending channels. The versatility and cost effectiveness of DataTrac give small to mid-sized mortgage bankers a true competitive advantage in today’s rapidly changing marketplace.
Taking Control of your Business
Regulatory changes are continually introducing new challenges to lenders. As you update your processes to meet these challenges, you need confidence that your software platform can actually enforce your internal rules. At DMD, we keep you in control of your process and your business – because compliance is our top priority. Our customers trust us to deliver timely solutions that help them produce quality loans. Additionally, DataTrac’s built-in customizable business rules function gives you control of your data throughout the loan process.
Secondary Market Management
DataTrac allows you to confidently manage your lock and underwriting data, assuring that the loan you lock, the loan you underwrite, and the loan you sell are one-and-the-same. And, DataTrac supports any combination of best efforts, AOT, securitization, and mandatory flow execution models. Manage your trades and electronically ship the entire trade with just a few mouse clicks.
Maintaining a loan-level history of compensation is not enough anymore. DataTrac gives you control of originator compensation by allowing you to build, assign, and track a history of compensation plans for your branches, loan officers, and even third-party originators.
DataTrac makes it simple to track, fill, and assign your trades & securities. Custom queries allow you to quickly allocate loans and update trade information in real time.
Disclosure Tolerance Management
DataTrac benchmarks your disclosure estimates and provides a side-by-side comparison of current totals. Business rules evaluate and enforce tolerances, helping you close quality loans.