Dorado Appoints Head of Business Develoment to Lead Partnership Effort

San Mateo, Calif.—September 15, 2003—Dorado, the leader in Demand Chain Management for home lending, today announced the appointment of Hassan Rashid to the position of senior vice president, business development. In this role, Rashid will oversee all aspects of acquiring and managing new industry alliances for Dorado in the U.S and abroad.

Rashid has 20 years of experience in technology, business development, and sales in the mortgage and real estate industries, as well as capital markets. Most recently, Rashid served as senior director of transaction services for Homestore.com, where he managed development, rollout, and adoption of lending programs for affiliated mortgage companies, real-estate firms, and homebuilders. Prior to Homestore.com, Rashid spent 12 years with Freddie Mac developing strategic mortgage and securities technology programs, including Loan Prospector. He also spent a number of years as a technology consultant to the United States Department of Housing and Urban Development. Rashid was previously Dorado’s senior vice president of sales and business development.

“Hassan has played a critical role in helping Dorado reach our current level of success,” said Dain Ehring, president and CEO, Dorado. “I am pleased to have him now focus full time on business development. At this stage of our growth, forming the right partnerships is a business-critical activity that will increase in importance as the company matures.”

“I look forward to my new position strengthening existing partnerships and building new ones, particularly in the area of Web services, which is core to the company’s growth strategy,” said Rashid. “One of Dorado’s goals is to lower costs for lenders and consumers by providing lenders with more flexible, cost-effective access to industry services. Our Web services-based platform combined with partnerships with industry leaders and service providers will help us realize this vision.”

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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