CC Pace and Dorado Announce Web Services Agreement
CC Pace’s LGXpress to be Delivered as a Dorado .MOR Web Service
Fairfax, Va. and San Mateo, Calif.—May 13, 2003—CC Pace, a recognized leader in technology consulting to the Financial Services Industry, and Dorado Corporation, the leader in Demand Chain Management for home lending, today announced a reseller agreement to deliver LGXpress as a Dorado .MOR™ Web Service. LGXpress is a browser-based interface to the Department of Veterans Affairs’ (VA) paperless loan guaranty process. Built as an off-the-shelf solution for VA's EDI application, LGXpress speeds up the loan guaranty process and significantly reduces the lender's cost of processing a VA loan.
As a .MOR Web Service, LGXpress will be available as part of Dorado ChannelMaster™ and Mid-OfficeMaster™ Demand Chain Management solutions for home lending in the third quarter of 2003. Offering LGXpress as a Web service is the first step in the creation of a comprehensive Web services-based government loan solutions package from Dorado and CC Pace.
“Dorado’s Web services-based platform provides a secure, rapid delivery platform for mortgage services,” said Charles Pichette, Managing Director for CC Pace. “We are very excited to offer LGXpress as a Dorado .MOR Web Service and look forward to working closely with Dorado to provide other Web-enabled solutions for the entire government loan process.”
Based on the Dorado .MOR Web Services platform, Dorado ChannelMaster and Mid-OfficeMaster streamline the lending process by delivering comprehensive mortgage information and services to the point of sale, the front office, and the mid office. CC Pace’s LGXpress is a secure, Internet-based system that dramatically shortens the turn-around time for receiving a VA loan guaranty certificate. Together, Dorado and CC Pace will enable lenders to rapidly implement and access LGXpress as an integrated part of their overall origination system.
“After less than two years in existence, nearly half of all VA electronic loan guaranty certificates are processed through CC Pace’s LGXpress,” said Dain Ehring, Dorado CEO. “We are proud to partner with an industry leader like CC Pace as we continue to expand our portfolio of .MOR Web Services. On-demand access to the right mortgage services at the right times in the process will help lenders achieve best execution for all loans.”
CC Pace
CC Pace is a national technology services consulting firm headquartered in Fairfax, Va. Founded in 1979, the company uses technology to solve business problems for clients in the mortgage and financial services industries. The company’s service offerings include technology strategy, architecture design, system selection and implementation, custom application development and integration, and technology due diligence. Representative clients include National City, Principal Financial, Chase Manhattan Mortgage, Capital One, Credit Suisse First Boston, and Freddie Mac. For more information about CC Pace, visit the company’s Web site at www.ccpace.com, send an email to ccpace@ccpace.com, or call 703-631-6600.
Dorado Corporation
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:
Michelle Burleson
CC Pace
703-631-6600
michelle.burleson@ccpace.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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