Dorado Adds New Senior Vice President of Professional Services

Experienced Executive Fills Critical Role as Dorado Elevates Focus on Services

San Mateo, Calif.—June 1, 2004—Dorado, the leader in Web services-based solutions for home lending, today announced the appointment of Bill Morton to the position of senior vice president, professional services. In his new role, Mr. Morton will be responsible for all aspects of Dorado professional services, including customer satisfaction, engagements, business process management, and new customer-driven technology development initiatives. Dorado makes this critical hire as the company continues to elevate its focus on services, which includes building out its professional services, customer service, and managed services organizations.

Bill Morton joins Dorado with over 25 years of experience delivering complex enterprise software solutions to multiple industries. Mr. Morton's background includes more than ten years experience as vice president of CRM Professional Services at the Vantive Corporation, and at PeopleSoft, subsequent to its acquisition of Vantive. During his tenure at Vantive, Mr. Morton managed the growth of the Professional Services worldwide organization from startup to more than 300 CRM consultants and a $100 million annual run-rate. Mr. Morton has also managed professional services organizations at Tymshare, Verity, and Informix. At Informix, he managed the building of Informix's consulting, training, technical support, and quality assurance organizations during the period of its most rapid growth. Mr. Morton holds B.S. and M.S. degrees in Electrical Engineering from M.I.T., as well as an M.B.A. from Harvard University.

“As Dorado matures, we are becoming a more mission-critical partner to our customers who rely on our industry expertise to help them successfully address the competitive pressures of the mortgage industry,” said Dain Ehring, CEO, Dorado. “We are strengthening our Professional Services organization in direct response to our customers’ need for Dorado to fulfill a more strategic role in their business. We’re thrilled to bring in an executive as experienced as Bill to head up this increasingly important part of our business. Bill will provide invaluable insight and leadership as we work to elevate the business impact of our services approach, organization, and methodologies.”

“The mortgage industry creates very specialized business process challenges for banks, and Dorado’s industry-leading applications are only the beginning of the whole solution we can provide for mortgage lending,” said Morton. “I’m excited by the opportunity to grow our Professional Services organization into something that provides a real competitive advantage for Dorado customers.”

Dorado Corporation

Dorado Corporation is the leader in Web services-based applications for home lending. Dorado’s innovative enterprise solutions are installed by many top-tier lenders, enabling more than 100,000 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, improving decisioning, and simplifying technology integrations for leading lenders such as Chase Manhattan Mortgage Corporation, Citigroup, Countrywide Home Loans, and Washington Mutual. www.dorado.com

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