ComplianceEase and Dorado Form Strategic Partnership
Delivering Automated Compliance Solutions as Web Services
San Francisco and San Mateo, California.— March 12, 2003— ComplianceEase, a leading provider of intelligent business solutions, and Dorado Corporation, the leader in Demand Chain Management for home lending, announced today that they have formed a strategic partnership that will accelerate the delivery of automated compliance solutions, particularly in anti-predatory lending compliance. Under the terms of the partnership, ComplianceEase’s flagship product - PredatorAnalyzer™ will be seamlessly integrated with Dorado ChannelMaster™ as a .MOR™ Web Service.
The combination of ChannelMaster and PredatorAnalyzer will give mortgage lenders enterprise-wide automated compliance solutions that deliver superior performance. As the most powerful automated compliance tool in the market, PredatorAnalyzer provides exceptional response times and accurate audit results, features that are critical in today’s fast moving and demanding regulatory environment. Leveraging Dorado’s .MOR Web Services platform, lenders can simply and cost-effectively integrate the PredatorAnalyzer with existing legacy systems.
"We are excited about our partnership with Dorado, said John I. Vong, co-founder and CEO of LogicEase. “Delivering ComplianceEase solutions as Web-based services is an ideal way to ensure that this increasingly important and ever-changing aspect of loan origination can now be easily and continually expanded and updated. The joint offering by Dorado and ComplianceEase delivers a true competitive advantage."
“The predatory lending audit is a great example of the power and flexibility of the Web services-based approach to origination workflow,” said Joseph W. Jennings, president of Dorado. “By leveraging ChannelMaster, customers can access the PredatorAnalyzer Web service as an integrated part of their workflow, while the underlying architecture remains modular and adaptable.”
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
About LogicEase Solutions Inc.
LogicEase Solutions Inc. has been a leading provider of intelligent business solutions to the financial services industry since 2000. Its ComplianceEase platform provides the industry’s first automated compliance solutions utilizing advanced artificial intelligence reasoning and decisioning technologies as well as natural language processing. ComplianceEase powers beginning-to-end solutions in a fraction of the time and cost, compared with the traditional approaches, while providing at the same time accuracy and integrity within the processes. ComplianceEase’s additional products and services include ComplianceAuditor™, BenefitAnalyzer™, professional services, and consulting services. For more information, please contact us at 1.866.212.Ease(3273) or visit us at www.ComplianceEase.com.
Press contacts:
Steven Ridder
LogicEase Solutions Inc.
415.982.9000 Ext. 1119
s.ridder@ComplianceEase.com
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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