Apart From the Crowd: The Dorado Advantage

SaaS-Based Enterprise Lending Automation Solutions
Move Your Business Forward

For many lending institutions, IT infrastructures have constrained, rather than accelerated, business operations. That’s because the basic paradigm for enterprise applications has fallen out of step with the pace of business. Too often, institutions are building their applications using methodologies and processes that no longer align with the way they operate. That leaves these businesses in the back of the pack – stuck in a crowded market without any differentiation.

Today’s savvy financial services companies recognize that business has fundamentally changed: divisions reorganize; the company enters or exits different markets, businesses, and channels; or the institution acquires or divests strategic business units. And lengthy, costly, and risky IT development cycles are no longer acceptable in that dynamic environment.

Apart From the Crowd

Dorado’s breakthrough solution to this problem: an adaptable software platform offered as a new-breed "Software as a Service" (SaaS) to deliver rapid value that moves your business forward and sets you apart from the crowd. The SaaS model is one of the most important changes ever to hit the software industry, but while its benefits are well-known in many segments of the broader financial services industry, SaaS is a relatively new concept in mortgage lending. Dorado approaches SaaS as a paradigm consisting of far more than mere "hosting," viewing it as a strategic advantage that delivers significant and compelling economic and operational benefits.

• A Faster Time to Value – With no software to distribute or install – and with a far lower burden on internal IT teams – SaaS solutions are faster and cheaper to implement than traditional solutions. That means originators and lenders can quickly get in front of changing market conditions, shifts in product demand, or new regulatory requirements.
• Lower Implementation Risk – Since there’s no server infrastructure to deploy or maintain, lenders reduce their IT risk profile. Dorado’s experienced, knowledgeable implementation teams manage and maintain all deployments, which means lenders have experts on-call who know their origination system inside and out.
• Reduced Investment Requirements –SaaS reduces the needed investment in technology infrastructure, in both time and money spent. With fewer investment dollars tied up in legacy systems, companies have the freedom to move faster to adopt new solutions and business processes.
• Higher Service Levels – Reflecting the mission-critical importance of lending and origination systems, Dorado can provide and meet stringent service-level agreements (SLAs) and premium support options to lenders. We operate a dedicated data center and customer NOC. We can also provide SAS 70 Type II attestation.
• World-Class Infrastructure – A mission-critical system like loan origination requires a foundation of world-class technologies to ensure uninterrupted performance – including backups, disaster recovery/business continuity, high-quality connectivity, and enterprise scalability. Through the SaaS model, Dorado clients enjoy a stable, reliable, and proven infrastructure for their origination system at a lower cost.
• Independence from IT – The SaaS model translates into a greatly reduced burden on the IT department. But that frees business units from internal schedules, bottlenecks. And it enables IT to devote its resources to other important business needs.
• Regulatory Adaptability – Recent turmoil in the lending industry will inevitably lead to changes and reforms. Mortgage originators and their lenders must be prepared to respond quickly to whatever changes arise. Dorado’s SaaS model gives you a comprehensive path to implementing compliant solutions quickly when regulations change.
• Financial Flexibility – In a SaaS model, costs are expensed through a monthly subscription or transaction pricing model – without the major upfront costs that traditional enterprise software has typically required. This allows originators to better manage their fixed costs, which can be of particular concern during periods of declining volume.