Del Mar DataTrac Inc. has expanded its open platform approach and is now integrating with leading providers in the product and pricing eligibility (PPE) and automated underwriting space, and has decided to discontinue its PPE solution, PriceTrac.
‘Loan pricing and decisioning are complex problems to solve through automation,’ explains Rob Katz, president of Del Mar DataTrac. ‘Across our hundreds of clients, we've seen some who need a quick eligibility check, while others are looking for a comprehensive automated approval that returns conditions. By offering PriceTrac, we were limiting some of our customers' ability to deploy a comprehensive solution that supported their business needs.’
The underlying technology for PriceTrac was provided by Merit Matrix, a company recently acquired by AllRegs, and Mortech. Del Mar DataTrac's clients that were subscribing to PriceTrac are now working directly with Mortech.
In addition to working with AllRegs and Mortech, Del Mar DataTrac says it now has development agreements with several of the industry's leading PPE solutions, including Optimal Blue, NYLX and Sollen Technologies. For those clients seeking a PPE coupled with a comprehensive automated underwriting system system, development agreements have been executed with Loan-Score Decisioning Systems and PriceMyLoan.
Source: Del Mar DataTrac