DORADO ANNOUNCES STRONG GROWTH IN REVENUE, BOOKINGS, AND USERS FOR 2005

San Mateo, Calif.—Dec. 14 , 2005—Dorado Corporation, providing the on-demand network at the lender point of sale, today announced significant revenue growth in 2005 as well as strong compound annual growth (CAGR) in revenue over the past three years. Dorado’s compound annual growth rate over the past three years is 67%, while seat growth for the same period is 71%. Dorado currently supports over 200,000 loan officers, brokers, and processors industry-wide. The company continues to strengthen its leadership position as one of the industry’s largest technology vendors.

Dorado saw significant growth in 2004 and 2005, years in which overall industry loan volumes dropped dramatically from approximately 20 million originations in 2003 to 14 million in 2004 and an estimated 16 million in 2005. Dorado’s growth is a result of the company’s focus on helping top-tier and emerging lenders transform their businesses through a well-defined Unified Point-of-Sale strategy that gives customers access to an on-demand network of commerce partners.

Milestones for 2005 included the introduction of the Dorado Enterprise Lending System—the next generation of enterprise loan origination and fulfillment—as well as a solution to meet the needs of Emerging Markets. In addition, Dorado launched a new version of its award-winning ChannelMaster Point-of-Sale (POS) solution. The company also broadly expanded its strategic relationships with First American and Wolters Kluwer Financial Services, and added several new customers, including Oak Street Mortgage, Union Bank of California, Prado Mortgage, Fifth Third Bank, and PNC Bank.

“Dorado is becoming the premier technology vendor in the industry,” said Craig Cole, senior vice president of Marketing and Sales for Union Bank of California. “Not only do they have the most intelligent approach to lending automation, they have the capitalization and partnerships to make them a safe long-term partner. As a new customer we have been delighted at their focus on delivery and support, and we look forward to a long and fruitful relationship with Dorado as they help us grow and evolve our business over time.”

"Lender operations are growing in complexity as the market becomes more regulated and driven by customer needs,” said Dain Ehring, CEO of Dorado Corporation. “Union Bank is the perfect example of how Dorado enables our customers to manage complexity while improving efficiency. This is why we have been so successful. Everything Dorado has done in 2005 furthers our goal to help lenders meet the unique challenges of lending today, and we will continue to do so until the mortgage process becomes much simpler and more cost-effective for lenders, their partners, and their customers.”

Dorado offers a suite of networked, on-demand applications and services that provide lenders with a Unified Point of Sale. A Unified POS enables all channels, business units, users, and partners to interact and share information in real time. This tight collaboration not only delivers enterprise-wide, end-to-end home lending process automation, it also facilitates the cross selling of other types of financial services to consumers. Built from the ground up using a service-oriented architecture, Dorado solutions improve workflow flexibility, reduce risk, and lower professional services costs for lenders.

Dorado’s growing customer base includes: AmSouth Bancorporation, Chase Home Finance, Citi, Countrywide Home Loans, EverBank, Fifth Third Bank, The First American Corporation, First Horizon Home Loans, Fremont Investment & Loan, GreenPoint Mortgage, Irwin Mortgage, Oak Street Mortgage, PHH Mortgage, PNC Bank, Prado Mortgage, Union Bank of California, Universal American Mortgage Company, and Washington Mutual, Incorporated.

Dorado Corporation

Dorado Corporation delivers an on-demand network of applications and services to the home lending point of sale. Dorado’s innovative network-based solutions are utilized by numerous top- and emerging-tier lenders and today enable more than 200,000 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 © 2005 Dorado Corporation. All rights reserved. Dorado ChannelMaster and Dorado PriceMaster are registered trademarks of the Dorado Corporation. Dorado, the Dorado logo, 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 contact:
Melinda Mattei
Dorado Corporation
650-227-7329