Dorado Announces ChannelMaster 3.4 Advanced Point-of-Sale Solution

Industry-leading Application Now Supports 85,000 Users; New Release Offers Point-of-Sale Accelerators and Broader Loan Support

San Mateo, Calif.—March 15, 2004—Dorado Corporation, the leader in Web Services-based systems for home lending, today announced availability of ChannelMaster® 3.4, a Web services-based application for originating and processing first mortgage and home equity loans in the retail, wholesale, and correspondent sales channels. The new release extends ChannelMaster’s industry-leading origination capabilities with Point-of-Sale Accelerators™, which shorten loan cycles by enabling originators to complete more processing at the point of sale. Deployed at eight of the top 20 mortgage lenders, Dorado ChannelMaster now supports over 85,000 loan officers, third-party originators, and lender personnel.

Point-of-Sale Accelerators in ChannelMaster 3.4 include an advanced scenario tool, support for mobile loan officers, and instant Doc StartTM documents. The scenario tool empowers loan officers and brokers to quickly generate customer-specific side-by-side program scenarios, speeding the time it takes a borrower to find the right loan product. The mobile loan officer capability enables loan officers to take an application offline then easily and quickly upload the application to ChannelMaster once they are back online. DocStart integrates VMP’s most advanced document system with the loan officer’s/broker’s dashboard, enabling immediate printing of a full up-front document package as soon as the borrower has chosen a product.

For today’s lenders, the point-of-sale represents the next battleground for leadership in efficiency, cost reduction, and increased revenue. Traditional LOS systems have no facility for marketing, customer outreach, or improving the customer experience. With a ChannelMaster implementation, lenders can streamline and integrate numerous steps in the loan origination process as well as move services and information up to the point-of-sale. The result is greater productivity, higher profit margins, and more satisfied customers.

In addition to the Point-of-Sale Accelerators, ChannelMaster 3.4 brings new and enhanced support for home equity loans and lines of credit and FHA and VA government loans.

“This release of ChannelMaster again demonstrates the power of leveraging Web services technologies in loan origination,” said Dain Ehring, CEO, Dorado. “ChannelMaster provides a robust and flexible platform for mortgage loan origination that enables lenders to integrate new capabilities with the point of sale without having to rip and replace legacy software. The combination of our Web services platform and strong partnerships with industry leaders like VMP helps our customers keep pace with market trends without having to suffer through long, expensive integration and development efforts.”

Availability

Dorado ChannelMaster v3.4 is available in Q2 of this year.

Dorado Corporation

Dorado Corporation is the leader in Web services-based applications for home lending. Dorado’s innovative enterprise solutions are installed by seven of the top 10 lenders, enabling more than 85,000 lending professionals to increase efficiency and productivity at the point of sale. The solutions also drive cross-sell/up-sell opportunities by increasing workflow flexibility and simplifying technology integrations for leading lenders such as Chase Manhattan Mortgage Corporation, Citi, Countrywide Home Loans, and Washington Mutual. www.dorado.com

Copyright © 2004 Dorado Corporation. All rights reserved. Dorado ChannelMaster is a registered trademark of the Dorado Corporation. Dorado, the Dorado logo, Dorado PriceMaster, Dorado SourceMaster, and Dorado .MOR are trademarks of Dorado Corporation. Other company and/or product names may be trademarks or registered trademarks of their respective companies.

Press contacts:
Melinda Mattei
Dorado Corporation
650-227-7329