| CONCORD, CA - February 28, 2002 - Dattar
Systems, Inc., a provider of information technology solutions, announced
today the general availability of the turnkey implementation of the
AppraisalTrac® solution. AppraisalTrac is a business process and
workflow application for processing collateral services associated
with real estate lending transactions.
The turnkey implementation of AppraisalTrac is targeted at lenders
who prefer to acquire and retain technology solutions internally.
Lenders with available IT resources can now eliminate the usage-based
fees typically associated with web enabled workflow solutions. The
AppraisalTrac application leverages industrial strength platform
design to achieve both reliability and scalability enabling successful
small and large-scale implementations.
"For quite a while now, we have received requests from lenders
interested in the AppraisalTrac solution on a turnkey basis,"
said Karl Dattar, CEO Dattar Systems, Inc. "We have listened
to the marketplace and have responded with an appropriate, yet affordable
solution, without any transaction fees".
Whether a lender selects the hosted or the turnkey implementation,
both solutions are customized and private-labeled, and can be integrated
with automated valuation models (AVM), loan origination systems
(LOS), flood and other collateral services. Implementation of either
standard solution can be accomplished within a matter of a few weeks.
The AppraisalTrac solution's quick implementation timeframe enables
lenders to enjoy the savings from workflow automation almost immediately.
Lenders, large or small, can realize significant immediate and recurring
hard dollar savings in 2002 and beyond.
Lenders can evaluate the AppraisalTrac solution in its entirety
without any capital expenditures, binding commitments or restrictive
disclosure agreements.
About Dattar Systems
Dattar Systems, Inc. is a California Corporation located in Concord,
California. The company has provided information technology products
and consulting to the financial, communications and software sectors
since 1996. For additional information on AppraisalTrac or Dattar
Systems, Inc. visit their web site at http://www.appraisaltrac.com
or http://www.dattar.com.
AppraisalTrac® is a registered trademark of Dattar Systems,
Inc. Registered U.S. Patent and Trademark Office.
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