Industry News

Del Mar Database launches InTrac

New real estate loan technology reduces operating expenses

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Del Mar Database on Wednesday released InTrac, technology that helps small and medium-sized mortgage lenders reduce operating costs by consolidating vendors and systems.   InTrac enables lenders to put a single provider lending system into the hands of more employees, reaching out to loan officers and processors, the company said.   "With InTrac, Del Mar Database is providing yet another best-of-breed option that enables us to improve efficiency and better compete with larger lenders," said Matt Klaess, CEO at Western Financial LLC, in a statement. The CEO said that InTrac would help his company increase the profit it makes per loan.   InTrac doesn't stand by itself. It's an optional add-on for lenders who already use DataTrac.   Del Mar is a provider of automation systems for small to mid-sized residential mortgage lenders that was acquired in March by Fiserv   Del Mar Database offers a variety of services to automate the back office for mortgage br...