Economic Differences Between CoreLogic Dorado's Enterprise Lending System vs. Other Lending Automation Solutions (POS, LOS, Pricing Engines)

• CoreLogic Dorado operates on a platform that is wholly internet-based, eliminating the high expense of mainframe or client-server loan origination systems, which are difficult to integrate with the many sub-systems required to complete a loan.

• Once CoreLogic Dorado's solutions are in production, CoreLogic Dorado typically only charges a fee per closed loan, providing the lender with a system that scales up or down with it's own business volume.

• CoreLogic Dorado's SaaS model enables the relatively easy tracking of data and loan file information, providing time stamps and user access information. This transparency and availability of information can reduce audit times from upwards of two weeks to 2-3 days, reducing compliance officer and other regulatory-handling staff workload. This also assists in mitigating risk throughout both the origination and secondary market valuation processes.

• Changes to CoreLogic Dorado's system are often enacted by business users without the involvement of IT, reducing the number of staff resources needed to make changes to and update the system.

• The loan activity plan model: Other enterprise lending systems use a queue based approach to workflow processing. These systems have a centralized rules system and manage the routing of tasks between work queues of workers. This is very similar to moving a loan folder from desk to desk. In contrast, CoreLogic Dorado's approach is an EVENT-driven workflow. We break the loan process down into process components called Activities and denote the workflow in Activity Plans. The Activities listen and publish events to each other. This makes the system "intelligent" and makes it easier for users to collaborate and automate — instead of moving a loan file from desk to desk CoreLogic Dorado puts the loan file in the middle of the room and any number of people can work on it at exactly the same time. No other competitor does this, or could easily re-engineer their systems to do so. This centralized process is at the heart of CoreLogic Dorado's customers' increased efficiency and cost savings.
  
  

CoreLogic Dorado Return in Investment (ROI) Analysis Model

CoreLogic Dorado ROI – Sample Results 2001 to 2008 Period