LSSI and Del Mar Database Formally Continue Strategic Alliance; Greater Processing Efficiencies Available to Users of Two System
Lender Support Systems, Inc. (LSSI), a global provider of lending and loan servicing technology solutions, has announced the formal continuation of its strategic alliance and successful systems interface with Del Mar Database, a software solution provider for small to medium-size lenders. Through the new enhanced interface, LSSI's mortgage document preparation technology, DocWin now seamlessly integrates into DataTrac , Del Mar Database's back-office processing solution, allowing users to further increase processing efficiencies and revenue generation through the use of a single system. LSSI and Del Mar Database began working together in 1993 and currently have in excess of 100 joint customers.
"The LSSI and Del Mar Database interface is extremely user-friendly, which allows me to focus on increasing volume and not on combating multiple application issues," said Ben Sizemore, vice president, information systems of First Guaranty Mortgage Corp. "The interface is so seamless that creating mortgage documents are only one or two clicks away within DataTrac."
The DocWin interface expedites processing while eliminating the risk of double entry errors in two separate applications. The interface enables users to upload mortgage loan documents directly into DataTrac in less than 15 seconds - a tenfold increase in efficiency. Customers benefit from compliant, fast and accurate mortgage closing documents directly linked into their loan origination system.
"Our partnership with LSSI demonstrates our commitment to delivering the most advanced technology solutions available to small and medium-size lenders," said John Walsh, president of Del Mar Database. "Working with companies like LSSI offers key strategic advantages to our customer base, enabling them to quickly process loan applications while reducing the cost of originating loans."
"Our technology provides Del Mar Database customers with efficient point and click mortgage closing documents and disclosures," said Cary Burch, president and CEO of LSSI. "LSSI strives to provide top-of-the-line products and in doing so only partners with the best companies in the industry. We will continue to increase our partnerships and focus on streamlining the mortgage process across the board for loan originators and mortgage servicers."
About LSSI
Founded in 1982, Lender Support Systems, Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. The company offers a full suite of technology solutions including: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction, business process outsourcing solutions and custom software solutions.
For more information, visit www.lendersupport.com.
About Del Mar Database
San Diego-based Del Mar Database, a wholly owned subsidiary of Fiserv Inc. (Nasdaq: FISV), 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(R), 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 Fiserv Inc.
Fiserv Inc. (Nasdaq: FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing, software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005.
For more information, visit www.fiserv.com.