Dattar Systems and AppraisalTrac® In the News

WALNUT CREEK, CA – December 2, 2004 – Commercial real estate transactions could soon be streamlined: Dattar Systems, Inc. (http://www.Dattar.com) , an IT solutions provider, has added a commercial appraisal module to its popular AppraisalTrac® real estate appraisal management service (http://www.AppraisalTrac.com) . The new module enables lenders to manage the workflow of appraisals, environmental reports and other services associated with commercial loans.

“We’ve expanded the functionality of AppraisalTrac to include features specifically designed for use in managing commercial and environmental appraisal orders,” explained Karl Dattar, CEO of Dattar Systems, Inc. “As a result, commercial lenders can more easily and quickly procure and negotiate services from their vendors.”

Introduced in 2000, AppraisalTrac is a secure, entirely Web-based application. It includes private labeling and branding and integrates seamlessly with the client’s existing systems. As a hosted solution, AppraisalTrac requires no capital investment, in-house IT staff or lengthy allocation process: the only requirement for implementing and using it is access to the Internet and a compatible Web browser.

“With the addition of the commercial module, AppraisalTrac puts everyone on the same page in the commercial lending process, eliminates redundant data entry and reduces the time and money spent on communication between loan committees, appraisal groups, approved appraisers and environmental vendors,” said Dattar. “Because it facilitates real-time collaboration between a lender’s internal departments and its service providers, the system really allows the lender to stay in control of the process from start to finish.”

ABOUT DATTAR SYSTEMS, INC.
Headquartered in Walnut Creek, California, Dattar Systems, Inc. has provided information technology products and consulting to the financial, communications, valuation and software sectors since 1996. Additional information on AppraisalTrac and Dattar Systems, Inc. can be found at http://www.AppraisalTrac.com and http://www.Dattar.com. AppraisalTrac® is a registered trademark of Dattar Systems, Inc.

CONTACT:
Karl Dattar, CEO
Dattar Systems, Inc.
925-935-1735
press@dattar.com
http://www.appraisaltrac.com

###