Partnership Offers Pricing, AU to Midtier Lenders

Del Mar Database, a unit of Fiserv Inc. based in San Diego, and Overture Technologies, a developer of decisioning technology headquartered in Bethesda, Md., have partnered to offer product eligibility, pricing, and automated underwriting technology to small and midtier lenders.Beginning this summer, Del Mar will launch a new family of Web-based decision support products powered by Overture Technologies: PriceTrac, a product pricing and eligibility application; and DecisionTrac, an automated underwriting system. PriceTrac is a rules-based loan program eligibility engine that delivers acceptable products along with fully adjusted prices to originators based on borrower information. DecisionTrac extends the qualification determination by requiring a complete 1003 dataset, automatically pulling a credit report, allowing for liability management, and running the content through the rules engine. The result is a list of the lender's loan programs that are approved, those that are close calls, and those that are not eligible. The companies can be found on the Web at http://www.delmardb.com and http://www.overturetechnologies.com.