Dorado Named 2006 Adobe MAX Award Winner
Mortgage technology leader recognized for its innovative use of rich Internet applications in its ChannelMaster 4 product
San Mateo, Calif.—January 8, 2007—Dorado Corporation, delivering the power of the network to home lending, has been named a 2006 MAX Award Winner by Adobe Systems Incorporated (Nasdaq:ADBE) for the innovative use of rich Internet application technology in Dorado’s ChannelMaster 4 product. Dorado was selected for this recognition from among hundreds of submissions from leading businesses and software developers worldwide.
Dorado ChannelMaster unifies and automates the mortgage loan origination process for all participants, delivering on-demand access to a network of Internet-based applications and services. These services include credit reporting, automated underwriting, settlement services, compliance checks, and up-front and closing documents. By bringing traditionally back-office functions forward to the point of sale, ChannelMaster makes mortgage origination and fulfillment faster and more efficient for both borrowers and lenders.
ChannelMaster 4 employs Adobe’s Flex technology to deliver significant benefits to end users compared to the traditional HTML approach. These benefits include better interactivity, faster responsiveness, improved collaboration, and the ability to receive data in an easy-to-use graphical format. In its announcement, Adobe noted that, “Within seconds, lending staff can update borrowers with current information, take action on missing data, request more information, submit orders for third-party services, and initiate other critical activities.” ChannelMaster achieves this level of interactivity and functional power by using a “dashboard” application built on Adobe’s Flex technology.
The Adobe MAX Awards were established in 2003 to recognize groundbreaking customer projects built with Adobe software.
“The breadth and quality of the MAX 2006 Award nominations were astounding,” said Jeff Whatcott, vice president marketing and business development for Adobe’s Enterprise and Developer Business Unit. “Customers like Dorado continue to demonstrate the unique capabilities of Adobe solutions to bring new power and flexibility to business processes and greater richness to online experiences. It’s inspiring for us to work with so many innovators.”
“In today’s challenging mortgage origination environment, the ability to deliver services quickly and cost-effectively is critical for lenders,” said Dain Ehring, founder and chief executive officer at Dorado. “With ChannelMaster, Dorado is leading the industry in bringing flexibility and efficiency to both the point of sale and loan fulfillment. This award is great recognition for this innovative product and the success of our customers.”
Dorado Corporation
Dorado Corporation delivers an on-demand network of home lending applications and services that enables lenders to be more agile. Targeting large and emerging lenders in the United States and Canada, Dorado’s innovative, network-based solutions enable over 350,000 lending professionals to increase productivity and better serve their customers. Dorado solutions have been adopted by many leading lenders, including Chase Manhattan Mortgage Corporation, Countrywide Home Loans, and Washington Mutual. www.dorado.com
About Adobe Systems Incorporated
Adobe revolutionizes how the world engages with ideas and information – anytime, anywhere and through any medium. For more information, visit www.adobe.com.
Copyright © 2007 Dorado Corporation. All rights reserved. The Dorado logo, Dorado ChannelMaster and Dorado PriceMaster are registered trademarks of the Dorado Corporation. The Dorado nameis a trademark of Dorado Corporation. Other company and/or product names may be trademarks or registered trademarks of their respective companies.
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