 |
Dorado Announces Wholesale ChannelMaster 3.0 with Advanced Point-of-Sale Capabilities
San Mateo, Calif.—October 9, 2002—Dorado Corporation, the leader in Demand Chain Management for home lending, today announced availability of Wholesale ChannelMaster™ 3.0, a demand chain management solution for wholesale mortgage origination. The new release includes advanced Point-of-Sale (POS) features such as up-front documents (GFE, TIL, etc.), settlement services, wireless access, an offline utility, and an identity verification capability. Available in the fourth quarter of 2002, Wholesale ChannelMaster 3.0 accelerates product selection, loan locking and closing through wholesale channels. Current Wholesale ChannelMaster customers include: GreenPoint Mortgage and Cendant Mortgage.
Wholesale ChannelMaster 3.0 is a Web services-enabled application. Leveraging the recently announced Dorado .MOR™ Web Services, it comes integrated with a complete package of MISMO 2.1 compliant Web services including: up-front documents, settlement services (credit, title, flood, and appraisal), automated underwriting, LOS integrations, pricing engines, POS integrations, and online payment. Supported vendors and service providers include: VMP Mortgage Forms, First American, Fannie Mae, Freddie Mac, Gallagher, FiTech, FiServ, LoanSoft, LOP, Calyx, and CyberSource. These Web services are available through the Dorado .MOR Web Services Center. (See Dorado .MOR Web Services announcement dated September 17, 2002.)
In addition, Wholesale ChannelMaster provides support for wireless and offline use, as well as a new identity verification capability. Wireless and offline use support eliminates the need for desktop POS software systems while maximizing the broker's flexibility in working with customers in the field. The new identity verification capability is in partnership with VMP Mortgage Forms and Bankers Systems, and meets the rigorous consumer identification specifications mandated by Section 326 of the USA Patriot Act, effective October 2002.
"Wholesale ChannelMaster 3.0 expands the point-of-sale into a point of relationship, because it integrates systems and processes forward to the customer touch-point, making it easier and faster to respond to customer needs," said Joseph W. Jennings, Dorado president. "It also frees wholesale distribution channel management from being tied to back end processing system constraints."
Wholesale ChannelMaster Features
"Mortgage brokers are paid on closed loans, and we help them get to close faster with our customers," said Hassan Rashid, senior vice president, Dorado Sales and Business Development. "Improved POS capabilities, Web services support, and wireless access make the mortgage broker more mobile, independent and able to focus attention on customers and their needs."
Expanding on the capabilities and functions of Wholesale ChannelMaster 2.0, the new version of Wholesale ChannelMaster adds:
| Capabilities |
Features |
Web Services Enabled |
New
Point-of-Sale |
Up-front Disclosures |
VMP |
| |
Settlement Services |
First American |
| |
APR, Amortization Calculations |
Math Corp. |
| |
Downloadable Ratesheets |
|
| |
Pipeline Reports |
|
| |
Fliers and Proposals |
|
| |
Identity Verificiation |
|
| |
Offline POS Client |
|
| New Web Services |
.MOR Server Options |
.MOR Web Services Center |
| 2.0 Demand Chain Management Features |
Pipeline Management |
|
| |
Task Center |
|
| |
Document Center |
|
| |
Communication Center |
|
| |
Status Center |
|
| |
Credit Reports |
MorNet, First American |
| |
Automated Underwriting |
Fannie Mae, Freddie Mac |
| |
Product Definition, Search |
|
| |
Branch, LO Web Sites |
|
| |
My Loan Center |
|
| |
Consumer Loan Application |
|
| |
SFA/Contact Management |
Outlook, ACT! |
| |
New Wireless |
Sprint Wireless Modem |
| |
Offline POS Utility |
|
Dorado Retail ChannelMaster 3.0 provides critical capabilities traditionally offered by POS client software, and in addition delivers faster credit and underwriting decisions, increased data integrity, and insures fewer compliance issues. Because it is Web services-based, it expands the flexibility and efficiency of existing LOS and LPS software, enabling an easy migration path for services and processes.
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.
|
|
