Dorado Introduces SourceMaster 2.0

New QuoteManager Feature Delivers Closing Cost Estimates and Guaranteed Vendor Quotes

San Mateo, Calif.—March 15, 2004—Dorado Corporation, the leader in Web Services-based systems for home lending, today announced Dorado SourceMaster™ 2.0. This latest version of SourceMaster extends its rules-based settlement services decisioning, ordering, bundling, and vendor management capabilities. Key new features include QuoteManager, support for The First American Corporation’s (NYSE: FAF) Web services-based e-commerce platform, and a new lender-deployed vendor portal. With SourceMaster 2.0, lenders and brokers can now deliver guaranteed closing cost quotes to customers and leverage pricing from a wide array of vendors to ensure the best possible margins.

QuoteManager is a SourceMaster feature that supports the automated decisioning and delivery of closing cost information to help lenders prepare an accurate closing cost statement. Leveraging SourceMaster’s powerful rules engine, QuoteManager allows lenders to input business rules to calculate specific costs for the Good Faith Estimate (GFE) or Guaranteed Mortgage Package Agreement (GMPA). In addition, QuoteManager will support the delivery of real-time quotes of settlement service products and bundles provided by First American’s Web services-based e-commerce platform allowing lenders to guarantee the costs promised by the vendor. SourceMaster can be easily integrated with Dorado ChannelMaster® or a lender’s existing LOS system to give originators access to the entire settlement services supply chain from the point of sale.

In addition, SourceMaster 2.0 will support the availability of real-time quotations for settlement services products and bundles from the First American Web services-based e-commerce platform. SourceMaster will allow lenders to order those products or bundles that are a part of a quote delivered by First American.

“First American’s Web services-based e-commerce platform gives our customers a more convenient way to order First American bundles and individual products,” said Roger Hull, CIO, The First American Corporation. “SourceMaster provides a convenient gateway for lenders to take advantage of all that First American has to offer. We are excited to extend our strong partnership with Dorado, and anticipate delivering this higher value to our common customer base.”

New Vendor Portal

Also new in SourceMaster 2.0 is a Web-based vendor portal designed to allow settlement services vendors to view, process, and fulfill settlement services orders created by a lender using SourceMaster. The portal allows vendors to upload invoices for automatic reconciliation by the lender, helping lenders avoid costly manual matching of invoices to filled orders. With its flexible, comprehensive, user-friendly design, the portal provides registered vendors with a convenient way to deliver optimized services to their key lenders and gives lenders a broader choice of settlement services vendors.

“SourceMaster represents the apex of lending technology in one application,” said Dain Ehring, CEO, Dorado. “Combining Web services, a sophisticated decisioning engine, and connections to a vast universe of vendors, SourceMaster puts the entire settlement services supply chain at your fingertips. With the addition of QuoteManager, SourceMaster becomes an unstoppable competitive weapon, enabling lenders to deliver low closing costs up front to consumers with the click of a mouse. And the vendor portal gives lenders complete freedom of choice in vendor selection.”

Availability

SourceMaster 2.0 will be available on July 1, 2004.

First American

The First American Corporation (NYSE: FAF) is a Fortune 500 company that traces its history to 1889. As the nation’s largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people's lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within seven primary business segments including: Title Insurance and Services, Specialty Insurance, Trust and Other Services, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.21 billion in 2003, First American has nearly 30,000 employees in approximately 1,800 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.

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