Fiserv Lending Solutions and Dorado Announce Partnership to Deliver End-to-End, Web Services-based Loan-origination Solutions

Fiserv Lending Solutions to Integrate Dorado ChannelMaster™ Products & Web-Services Platform with Fiserv Mortgage Origination & Processing Software

San Mateo, Calif.—June 30, 2003—Fiserv Lending Solutions, the national leader in Loan Origination and Processing Solutions, and Dorado Corporation, the leader in Demand Chain Management for home lending, today announced a strategic partnership to deliver end-to-end Web-services-based mortgage origination solutions.

Under the terms of the agreement, the two organizations will begin work on integrating Dorado’s ChannelMaster products and .MOR™ Web Services platform with the UniFi® PRO Mortgage and easyLENDER® Mortgage loan origination and processing systems from Fiserv. The integration of Dorado and Fiserv products will provide lenders with the most comprehensive and flexible mortgage origination solutions currently available. The initial integration with UniFi PRO Mortgage is slated to be available in the third quarter of 2003.

“Web-based services provide the best technology architecture for the next generation of origination systems,” said Ed McWilliams, Fiserv Lending Solutions SVP of Sales and Marketing for UniFi Products. “Internet-based lending systems enable the flexibility and ease of integration between systems, services, and channels that today’s lenders are demanding. Our partnership with Dorado will help us rapidly deliver more services to the point of sale across all lending channels, while helping us provide a seamless, end-to-end solution for our clients to originate, process, and close loans.”

Dorado’s ChannelMaster products are Demand Chain Management (DCM) solutions for home lending. The products facilitate communication and improve productivity by tightly integrating all participants in the mortgage process—borrowers, brokers, loan officers, marketing staff, and production personnel—via secure, personalized Web sites. Dorado’s ChannelMaster applications are based on the company’s .MOR Web Services platform, which enables lenders to more easily and cost-effectively integrate new products and services with legacy systems, and more rapidly deliver those services to borrowers.

Fiserv Lending Solutions’ UniFi PRO Mortgage loan origination and processing system is the comprehensive, industry-leading, client/server-based loan origination and processing solution that provides unparalleled flexibility and scalability for America’s top-tier lenders. Together, Dorado and Fiserv will provide loan officers, brokers, and processors with fully transactional Web sites that offer seamless interaction with critical mortgage Web services and Fiserv LOS systems.

“We are extremely pleased about our partnership with Fiserv,” said Dorado CEO Dain Ehring. “The combination of our Web services platform and DCM applications with the UniFi PRO Mortgage system will maximize lender productivity and deliver new efficiencies at virtually every stage of the origination process.”

Fiserv Lending Solutions and Fiserv, Inc.

Fiserv Lending Solutions, a Lake Mary, FL-based business unit of Fiserv, Inc, is a leading provider of loan origination and processing technology to the financial services industry. Its products include:

• UniFi PRO Mortgage, which is a highly customizable, enterprise-wide, client/server lending solution of unlimited scalability for larger, highly sophisticated, multi-channel lenders.
• easyLENDER Mortgage and easyLENDER Consumer/Commercial, which are complete, Windows®-based software packages that automate every phase of loan origination, processing, and closing for banks, thrifts, and credit unions.

Fiserv Lending Solutions’ software is helping lenders nationwide improve the productivity of their operations. Fiserv Lending Solutions can be found on the Internet at www.fiservlendingsolutions.com.

Fiserv, Inc. (Nasdaq: FISV) provides industry-leading information management systems and services to the financial industry, including software and systems solutions, transaction processing, outsourcing, and business-process outsourcing. The company serves more than 13,000 clients worldwide, including banks, mortgage and consumer lenders, credit unions, savings institutions, broker-dealers, financial planners/investment advisers, insurance companies and agents, and self-insured employers. Based in Brookfield, WI, Fiserv reported 2002 revenues of $2.3 billion. For more details, visit www.fiserv.com.

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:
Dan Welbaum
Fiserv Lending Solutions
800-748-2572, ext. 4224
info@fiservlendingsolutions.com

Melinda Mattei
Dorado Corporation
650-227-7329

Copyright © 2003 Dorado Corporation and Fiserv, Inc. All rights reserved. Dorado, the Dorado logo, Dorado ChannelMaster, Dorado PriceMaster, and Dorado .MOR are trademarks of Dorado Corporation. Fiserv, UniFi, and easyLENDER are registered trademarks of Fiserv, Inc. in the U.S. and other countries. Windows is a registered trademark of Microsoft Corporation in the U.S. and/or other countries. Other company and/or product names may be trademarks or registered trademarks of their respective companies.