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Dorado Appoints Executive Vice President of Field Operations to Spearhead Customer Initiatives

New Executive Brings Over 25 Years of Experience Leading Early Stage Companies to Rapid Growth

San Mateo, Calif.—December 1, 2003—Dorado, the leader in Web Services-based systems for home lending, today announced the appointment of Michael Humphries to the position of executive vice president, field operations. In this role, Humphries will oversee all customer-facing business units within Dorado including sales, channel sales, professional services, business development, and customer service. Humphries brings extensive experience leading early stage technology companies to rapid growth.

Mike Humphries has over 25 years of sales, marketing, customer service, and business development experience in the technology, software, and computer services industries. He has served in executive management positions and played a critical role in taking several companies to Initial Public Offering (IPO) including Oracle and Vignette. Most recently, Humphries has held executive-level and interim positions in sales and business development with a number of software companies including JavaSoft (Sun Microsystems), Worldtalk (acquired by Tumbleweed), and Neuron Data (acquired by Brokat). He holds a B.S.E.E. from the Georgia Institute of Technology.

“Mike’s innovative leadership, customer focus, and extensive experience helping young companies move toward rapid growth fit perfectly with Dorado’s needs for this important position,” said Dain Ehring, chief executive officer, Dorado, Corporation. “As the head of all customer-oriented departments within Dorado, Mike will not only play a critical role in helping us wisely manage growth, but will be ultimately responsible for the well-being of our most important asset—our customers. I look forward to Mike making a significant contribution to the company.”

“I have worked with a number of start-ups in my career and rarely have I seen one as well positioned for leadership as Dorado,” said Humphries. “The past few years have taken their toll on the technology industry, but Dorado’s tremendous executive team and focused business plan have secured its position as a bright light in the industry. It is my privilege to join a management team with such focus, intelligence, and integrity. I look forward to a very bright future for Dorado and its customers.”

Dorado Corporation

Dorado Corporation is the leader in Web services-based systems 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

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