Dorado Introduces Channelmaster 3.5

New Release of Award-Winning Software Extends Mortgage Point-of-Sale Capabilities to Realtors and Other Key Affinity Partners

San Mateo, Calif.—March 1, 2005—Dorado Corporation, the leader in mission-critical, on-demand solutions for home lending, today announced a new release of its award-winning ChannelMaster® enterprise software solution for multi-channel loan marketing, origination, and processing.

The new release, ChannelMaster 3.5, enables lenders to extend ChannelMaster’s powerful point-of-sale capabilities to real estate agencies, builders, and other affinity partners, allowing banks to centrally view and manage their loan pipeline across all channels. By providing enhanced collaboration for lenders and their affinity partners, ChannelMaster 3.5 automates the critical transactions required to originate a loan, drives increased channel originations, and helps make partnerships more profitable.

"Dorado ChannelMaster has enhanced our customer's online financing experience," said Jimmy Timmons, vice president, Universal American Mortgage Company. “Before ChannelMaster, a customer could only apply online through our Home Loan Center. Now, the customer has access to our consumer-facing loan origination point-of sale system where they can pre-qualify, start the origination process and communicate through Dorado ChannelMaster with their Home Loan Advisor at the branch level. We have seen a significant increase in our online applications since the introduction of Dorado ChannelMaster, and we look forward to its continued success.”

ChannelMaster 3.5 introduces a new, flexible organization management capability. This key feature enables lenders to define their organizational hierarchy, create collaborative workgroups, define business relationships between organizational entities, define user roles and permissions, and easily and rapidly create Web-based origination dashboards for affinity and partner companies. These dashboards are fully integrated with the lender’s own ChannelMaster system, allowing partner companies to collect and transfer borrower contact information, pre-qualify borrowers, compare basic rate and price data, compare scenarios, and convert scenarios to loans.

For the first time, lenders can extend their channels to non-mortgage partners in a manner that ensures full RESPA compliance by configuring access controls and permissions that govern what those agents can view and transact. In addition, partner companies are able to retain their own distinctive content and branding throughout the entire loan origination process.

With ChannelMaster 3.5, top tier and emerging lenders can now turn real estate and other affinity partners into mortgage “experts” at the touch of a button. By enabling them to initiate the mortgage process and kick-start collaboration, ChannelMaster 3.5 also helps partners effortlessly provide a more comprehensive service to their customers.

“Affinity partnerships are an important growth strategy for banks today, and successful, cross-channel pipeline management is critical for profitable growth,” said Dain Ehring, CEO, Dorado. “ChannelMaster 3.5 enables lenders to easily integrate new affinity partners into their mortgage processes and streamline partner interaction, while giving them a single view into all transactions occurring across the enterprise. We are excited to be able to deliver this breakthrough, out-of-the-box capability to lenders.”

ChannelMaster is at the heart of Dorado’s Unified Point of Sale (POS) strategy. The Dorado Unified POS combines technology with business processes and third party services to facilitate accurate and timely loan origination from all channels, giving the lender a centralized view of the entire loan pipeline. With the Dorado Unified POS, lenders have one-touch access to and control of any loan, any channel, any user, any partner, at any time.

ChannelMaster 3.5 is available immediately.

Dorado Corporation

Dorado Corporation is the leader in mission-critical, on-demand solutions for home lending. Dorado’s innovative solutions are installed by numerous top-tier and emerging tier lenders and today enable more than 150,000 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, Universal American Mortgage Corporation, 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