Decade Systems Announces Reseller Agreement With Dorado Corp. At 2003 Mba Technology In Mortgage Banking Conference & Expo
Demand Chain Management Solutions Company Licenses Integration Solutions to Streamline Origination and Production for Lenders
Orlando, Fla.,—March 10, 2003— Decade Systems Corp., the prominent integration solutions provider in the mortgage industry, announced a reseller agreement with San Mateo, Calif.-based, Dorado Corp., the leader in demand chain management for home lending. Decade and Dorado will jointly bring together Decade's extensive list of integrated systems into Dorado’s Web services family, .MOR™. By combining Decade’s Total Enterprise Data Integration (TEDI) solution with .MOR, the two companies have created a .MOR TEDI Adapter, which will enable rapid “time-to-market” for solutions that combine Dorado's ChannelMaster™ and Mid-OfficeMaster™ products with legacy origination systems.
“Mortgage origination information technology has always entailed painful integration,” said Joseph W. Jennings, president of Dorado. “Now, .MOR Server's strength in Web services-based delivery, coupled with TEDI's extensive library of transformations, eliminates a huge amount of time and cost from deployments.”
The .MOR Server is a Mortgage Industry Standards Maintenance Organization (MISMO) Web services-based integration server optimized for the home lending market. This server enables secure, high performance integrations between systems. Decade now offers Dorado access to a robust application integration technology with an extensive library of reusable integration adapters to many of the popular mortgage systems in the industry. Brought together in the .MOR TEDI Adapter, the combination of these technologies offers a powerful platform for evolving monolithic legacy systems into more loosely coupled federated systems.
“Decade has built a very mature technology and deep experience during our years of facilitating mortgage systems integrations,” said Brian K. Fitzpatrick, executive vice president of Sales and Marketing for Decade Systems. “.MOR brings impressive data security, delivery and network topology capabilities into the equation, which will translate into greater flexibility and improved processes for our joint customer base. The combination of these two technologies will enable lenders to increase their return on their investment of Dorado’s technology while substantially mitigating the operational risks inherent with system integration projects.”
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 Decade Systems Corp.
Jacksonville, Fla.-based Decade Systems is a leading provider of systems integration solutions for the mortgage industry, providing businesses with efficient alternatives in financial systems integration. Decade’s solutions include TEDI, an enterprise data integration software solution that speeds the development of interfaces and transfers information consistently, rapidly and seamlessly across multiple systems and platforms.
The company has a reusable industry library of integration objects to over 50 of the most popular mortgage technology software platforms in the industry and provides integration system consulting services on a strategic and technical level, assisting in the design and implementation of solutions for companies’ integration challenges. For more information about Decade Systems, visit the company Web site at www.decadesystems.com.
Press contacts:
Cristi Tucker, Elizabeth Salter
For Decade Systems
678.781.7208, 678.781.7224
cristin@williammills.com, elizabeth@williammills.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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