Dorado Expands Channel Sales Effort, Creates New Department

Appoints Vice President of Channel Development; Hires Director of Channel Sales from RealEC Technologies

San Mateo, Calif.—September 15, 2003—Dorado, the leader in Demand Chain Management for home lending, today announced the creation of a new channel sales department. Heading up the department is David Hultquist, who has been appointed to the position of vice president of channel development. In this role, Hultquist will manage all aspects of Dorado’s channel sales, marketing, and product development. In addition, Dorado recently hired mortgage industry veteran, Sandy MacDougall from RealEC Technologies™ to be the director of channel sales.

“As Dorado’s technology matures and becomes proven in the industry, more and more mortgage vendors are looking to our Web services platform to help deliver new efficiencies to their customers,” said Dain Ehring, president and CEO, Dorado. “Dorado must dedicate resources to fully leverage these new channel opportunities.”

With over 25 years of experience in the software industry, Hultquist has a broad range of management expertise in numerous areas including engineering, business development, and marketing. Hultquist has been with Dorado for four years, serving as vice president of marketing. Prior to joining Dorado, Hultquist served in a number of management positions in marketing and business development with leading technology vendors including Sun Microsystems, HP, and Apple Computer.

MacDougall has 20 years of successful enterprise-level sales and sales management experience in the financial services software and real estate industries. Most recently, MacDougall was director of sales for RealEC Technologies, which is majority owned by Fidelity National Financial. Under MacDougall’s leadership, RealEC Technologies saw a 500% increase in monthly transactional revenue. Prior to that, MacDougall served as senior vice president of sales for FirstWeb Bancorp, and vice president of sales for First Data Corporation. MacDougall began his career at IBM working with large financial institutions.

“David Hultquist has provided strong leadership in business development and marketing for Dorado over the past four years. He has played a significant role in winning and maintaining some of our most key customer and partner relationships. Combining David’s experience with Sandy’s highly successful track record at companies like RealEC Technologies, our new Channel Sales department is in the best possible hands,” added Ehring.

“As the exclusive distribution channel for SourceMaster, our relationship with The First American Corporation is an extremely important part of our business,” said Hultquist. “Maintaining and extending this relationship, as well as building new relationships, is a strong focus for the company. I am excited to be heading up this effort.”

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 contact:
Melinda Mattei
Dorado Corporation
650-227-7329

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