HomeBanc Selects Dorado PriceMaster
Top 10 Online Mortgage Lender Selects PriceMaster for Automated Pricing Solution
San Mateo, Calif. —March 12, 2002—Dorado Corporation, the leader in Demand Chain Management for mortgage banking, and HomeBanc Mortgage Corporation today announced a product licensing and service agreement for Dorado PriceMaster™ Web-based product and pricing engine. HomeBanc is one of the largest retail mortgage lenders in the Southeast and is ranked among the top ten on-line lenders in the United States. Dorado PriceMaster will allow HomeBanc to more efficiently administer and distribute program eligibility rules and pricing, enabling HomeBanc’s loan officers to increase the speed and accuracy of product selection for consumers.
Dorado’s Demand Chain Management (DCM) solutions are Internet applications designed to help lenders more efficiently and cost-effectively attract, sell, and retain 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.
“In order to streamline and scale operations, we’re phasing out legacy systems wherever we can in favor of more flexible, rapidly deployable Web-based solutions, like those from Dorado,” said HomeBanc Executive Vice President and Chief Information Officer Robert Bennett. “Leveraging the Internet has enabled us to reduce the cost of loan origination while providing better, faster, and more satisfying service to our customers.”
By replacing their existing system with PriceMaster, HomeBanc will eliminate the need to perform the time-consuming and expensive task of daily rate sheet faxing to loan officers.
“We are proud to be part of HomeBanc’s industry-leading commitment to innovate their business by leveraging the Internet,” said Dain Ehring, founder and CEO of Dorado Corporation. “PriceMaster will give HomeBanc a competitive advantage by allowing them to automate pricing and move quickly with new mortgage programs.”
About PriceMaster
Dorado PriceMaster is a product and pricing engine for the mortgage industry. Its powerful rules-based architecture ensures that loan officers and wholesale partners sell the right product, at the right price, for maximum profit. With PriceMaster, program eligibility, product and price selection, and rate locks are quickly verified quickly, decreasing erroneous loan submissions and ensuring more accurate hedging.
PriceMaster can be deployed as a fully functional standalone application, seamlessly integrated with Dorado ChannelMaster™ products, or with third-party origination systems. The product’s comprehensive administration tools, built-in testing capabilities and XML-based interface enable rapid deployment in any environment.
About HomeBanc
HomeBanc is one of the largest retail mortgage lenders in the Southeast and is ranked among the top 10 on-line mortgage lenders in the United States. In Georgia, HomeBanc has branch offices throughout metro Atlanta and in Athens, Gainesville, Peachtree City and Conyers. In Florida, HomeBanc has offices in Tampa Bay, Orlando, Fort Lauderdale, Palm Beach and Miami Dade. For more information about HomeBanc or HomeBanc mortgage products, visit HomeBanc on-line at www.homebanc.com.
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 contact:
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.
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