From Send2Press® Newswire
Banking and Finance News
1st Advantage Mortgage, DocuTech, Del Mar DataTrac Named
Mortgage Technology's Synergy Award Finalists
Edited by Carly Zander
Thu, 10 Sep 2009, 14:39:11 EDT
SAN DIEGO, Calif., Sept. 10 (SEND2PRESS NEWSWIRE) -- 1st Advantage
Mortgage, DocuTech and Del Mar DataTrac (DMD) have been named Mortgage
Technology magazine's Synergy Award finalists, recognizing "technology
initiatives and alliances that show exemplary interoperability in a production
setting to advance the cause of automation and e-commerce," according to
The three companies were chosen as finalists because of 1st Advantage's ability
to reduce its time and costs associated with processing closing documents by leveraging the integration between DataTrac®,
DMD's leading back-office hub for lenders and ConformX, DocuTech's Web-based solution for creating compliant closing
documents. The integration utilizes DMD's Vendor Service Platform 2.0 (VSP 2.0), a browser-based extension to DataTrac
that enables seamless two-way integrations with vendor systems.
"True synergy exists when multiple software systems work so well that users cannot tell the difference between them," said
Mike Grego, COO of 1st Advantage Mortgage. The integration between DataTrac and ConformX enables us to process our
closing documents faster, more efficiently and more accurately than ever before."
"Our vendor service platform was created to give lenders access to the industry's best-of-breed service providers without
juggling multiple software programs," said Rob Katz, president of DMD. "1st Advantage's progressive approach to technology
extends this synergy further by combining its culture of efficiency with a seamless technology integration."
"All too often lenders look at documents as a commodity that can be settled by price," said Ty Jenkins, CEO and founder of
DocuTech. "The integration between Del Mar DataTrac and 1st Advantage shows that having guaranteed document