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Banking and Finance News
P R E S S R E L E A S E :
Broker-to-Banker Mortgage Lender Augusta Financial Selects
DataTrac for Process Automation and Lending System of
Tue, 06 Apr 2010, 14:36:59 EDT
SAN DIEGO, Calif. (SEND2PRESS NEWSWIRE) -- Southern California mortgage
banker Augusta Financial selected the Del Mar DataTrac(R), Inc. (DMD) flagship
solution DataTrac as its automated loan processing platform and lending system of
record in September, 2009, when it transformed from broker to banker. Founded in 1995
as a mortgage broker in the Santa Clarita Valley, Augusta Financial today serves
Burbank, Orange County and Ventura as a full service mortgage banker.
DMD is the leading provider of affordable mortgage lending automation solutions, and
an industry pioneer in business intelligence, document imaging and management, and
loan process workflow tools.
"As a broker serving the Southern California market for nearly 15 years, Augusta
Financial earned its stripes by creating good relationships and executing solid business practices, so we were eager to take
the next step of becoming a mortgage banker," said Augusta Financial founder and president Mike Meena. "We selected the
DataTrac solution because it had a strong reputation with our staff and had tools that directly met our business needs. Plus,
we were confident it would be a reliable system from which we could grow the business."
"We have always known DataTrac is a smart investment for broker-to-banker businesses because so many of our customers
have grown exponentially from 'branker' to high volume mortgage banker on it," said DMD president Rob Katz. "Regardless of
size, today's mortgage banker needs rules-based automated workflow and a single database of record that can deliver
business intelligence on the loan operation, which are among DataTrac's strongest capabilities. Then, once on our system,
they won't have to worry about outgrowing us."