Dorado Announces PriceMaster 2.0

New Dorado Pricing Engine Web Service Offers Multi-Channel Support and Program Management

San Mateo, Calif.—October 9, 2002—Dorado Corporation, the leader in Demand Chain Management for home lending, today announced Dorado PriceMaster™ 2.0, a Web services-based pricing engine. PriceMaster 2.0 offers advanced loan product life cycle management and provides "plug and play" support for multiple channels and legacy applications. Leveraging the recently announced Dorado .MOR™ Web Services Center and .MOR Server, PriceMaster 2.0 is available as a stand-alone product or a Web service. PriceMaster is currently deployed at GreenPoint Mortgage and HomeBanc.

"We have been using Dorado PriceMaster combined with Wholesale ChannelMaster for some time, with outstanding results," said Dave Anderson, vice president, e-Commerce for GreenPoint Mortgage. "With our complex product offerings, both GreenPoint and our brokers have saved significant time and money by having a fool-proof, automated product selection tool. We are so pleased with PriceMaster that we are beginning to roll it out to our retail and correspondent channels."

"PriceMaster 2.0 extends Dorado's lead in providing Internet-based pricing engines," said Joseph W. Jennings, president, Dorado. "Now as a Web service, PriceMaster enables our customers to replace legacy pricing engines and compete more effectively. Programs and pricing are critical for differentiation, and PriceMaster is optimized for bringing new products to market quickly and efficiently across all sales channels."

Dorado's Demand Chain Management (DCM) solutions are Internet applications designed to help lenders more efficiently and cost-effectively attract, close, retain, and upsell customers. As one of Dorado's DCM solutions, PriceMaster helps streamline the mortgage sales cycle by providing accurate, uniform, and timely product and price information.

New PriceMaster Features

PriceMaster 2.0 helps mortgage institutions create and deliver more profitable loan products, while greatly reducing the complexity of product administration. Expanding on the capabilities and functions of PriceMaster 1.0, the new release adds:

• Advanced loan program/product lifecycle management - sophisticated workflow allows creation and testing of products before distribution
• Attribute customization - custom attributes may be defined as inputs to product eligibility and adjustment rules
• Multiple application support - a single installation of PriceMaster can support multiple ChannelMaster and/or legacy applications via a Web services application programming interface (API)

"PriceMaster 2.0 is designed to reduce the time and cost of implementing a customized, multi-channel pricing solution," said Jennings. "With new product lifecycle management, attribute customization, and Dorado .MOR Web Services support, PriceMaster can be set up quickly and used to support every user in every channel across an organization."

MBA 89th Annual Conference and Exposition

Dorado Retail ChannelMaster 3.0 will be demonstrated at the Swissotel, Chicago, one block from the Chicago Hyatt Regency, during the MBA's 89th Annual Conference & Exposition. Contact Tom Wilkins at 650-776-3520 to schedule a demonstration appointment.

About Dorado Corp.

Dorado Corporation is the leader in Demand Chain Management software applications for U.S. home lending banks. Dorado’s mortgage, home equity, and real estate products integrate business customers and consumers into lending processes. Dorado’s Web services-based solutions increase flexibility and efficiency and enable the up- and cross-sale of financial products and services. www.dorado.com

Press contacts:
Melinda Mattei
Dorado Corporation
650-227-7329

Copyright © 2003 Dorado Corporation. All rights reserved. Dorado, the Dorado logo, Dorado ChannelMaster, Dorado PriceMaster, and Dorado .MOR are trademarks of Dorado Corporation. Other company and/or product names may be trademarks or registered trademarks of their respective companies.