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Dorado Introduces Pricemaster 4.0 Networked Pricing
Engine and Product Catalog
System Enables Rapid Creation and Distribution of Complex Products and Pricing Data with No IT Involvement
San Mateo, Calif.—March 27 , 2006—Dorado Corporation, delivering the power of the network to home lending, today introduced PriceMaster® 4.0, a smart, networked pricing engine and loan product catalog for the home lending enterprise. PriceMaster was designed from the ground up to address the specific needs of the mortgage industry, enabling business users to rapidly create new loan programs and risk-based pricing that can be quickly delivered to every channel and business unit with no IT involvement. The product’s new version delivers unprecedented ease of use, faster creation of more complex loan products, and more content-rich product listings.
“Dorado's PriceMaster helps GreenPoint quickly define and deliver new loan products to our brokers,” said Dave Anderson, SVP, e-Commerce for GreenPoint Mortgage. “Faster time-to-market with new products is core to our business and was a key factor in our selection of Dorado PriceMaster.”
“PriceMaster really is in a class by itself,” said Dain Ehring, CEO of Dorado. “Unlike general purpose rules management or artificial intelligence frameworks that have to be customized for the lending domain, PriceMaster was designed specifically for the mortgage industry. PriceMaster’s rules were built for the purpose of loan selection and pricing at the lending point of sale. It understands what it needs to about this industry ‘out of the box.’ Dorado has deployed PriceMaster for some of the industry’s largest lenders, like GreenPoint and J.P. Morgan Chase. PriceMaster supports all of their purchase business.”
As a networked solution, one instance of PriceMaster can be used across the entire enterprise, delivering up-to-the-minute channel-specific pricing, anywhere it’s needed. Pricing can also be offered as an on-demand service to other applications within the enterprise and to all commerce partners. When combined with Dorado ChannelMaster®/POS, loan product data is brought closer to the job of serving customers, making it a more effective selling tool, rather than just a risk management tool. By providing automated rules-based selection and pricing at the point of sale in every channel, lenders are also protected against predatory lending.
Because of its inherent mortgage industry specialization and superior usability, PriceMaster dramatically increases the efficiency of loan product management, providing faster time to market and lower total cost of ownership than general purpose rules or pricing engines. PriceMaster’s rich Internet application interface enables administrators to rapidly create very complex selection rules, price adjustments, lock policies, and stipulations that can be associated with multiple loan products. PriceMaster manages products in a catalog format, including information such as product attributes, policies, stipulations, associated documents, and hyperlinks to more information. Built on the Dorado Enterprise Lending Platform, PriceMaster enables rapid integration with new or existing applications.
PriceMaster 4.0 will be available in Q2 2006.
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 © 2006 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
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