Capital Markets, Del Mar DataTrac Partner for Lender Outreach

Ponte Vedra Beach, Fla.-based Capital Markets Cooperative and San Diego-based software developer Del Mar DataTrac entered into a partnership to market their respective services to their clients. The cooperative provides third-party secondary market services to lenders. The DataTrac suite is an automated software program for mortgage lenders, banks, and credit unions. “Our typical client profiles are similar and we noticed quickly that there is an opportunity to collaborate to satisfy the technology and secondary marketing needs of our current and future customers,” Capital Markets Cooperative president Tom Millon said in a statement. “CMC mortgage banker clients will realize substantial cost savings under the structure of the new strategic partnership.” Write to Austin Kilgore.