 |
Aegis Home Equity Selects Dorado Point of Sale Solution
Aegis to use Dorado’s Enterprise Lending System to provide network for origination, pricing and file submission for its brokers
San Mateo, Calif.—March 23, 2007—Aegis Home Equity has selected Dorado’s Enterprise Lending System, an integrated software suite that includes ChannelMaster ® and PriceMaster ® products, for its wholesale home equity channel. Together, these products create a networked, on-demand solution to streamline program selection, pricing, and file submission to Aegis by its brokers. Aegis anticipates being able to significantly increase loan volumes in the wholesale home equity channel using the Dorado solution.
“Our brokers serve customers with a wide variety of financing needs, so it is important that our wholesale home equity channel be fast, nimble, and reliable,” says Kathy Kerstetter, president of Aegis Home Equity. “With Dorado’s point of sale solution, we are able to streamline our processes, handle more volume, and cut out unnecessary processing steps.”
The Dorado’s solution provided to Aegis automatically extracts detailed credit report data, and then uses this data when brokers look for programs and rates. This assures appropriate programs and rates, whether prime, Alt-A, or subprime, are always presented for every borrower. Brokers can even see side by side comparisons of multiple loan scenarios.
“Brokers demand superior service, innovative programs, and fast delivery from their lenders, and that is exactly what Aegis provides to its brokers through the Dorado Unified Point of Sale solution,” said Dain Ehring, chief executive officer at Dorado. Dorado’s ChannelMaster product connects dispersed users with disparate systems and business partners, creating a virtual dashboard of loan information. ChannelMaster
brings back-office processes and information forward to the point of sale, enabling real-time status, decisioning, and service ordering. The centralized viewing and control of all loans provided by ChannelMaster allow bank managers to ensure that corporate goals are
continuously being met.
PriceMaster, the second key component of Dorado’s Enterprise Lending System, is
a networked product catalog and pricing engine designed to address the specific needs of
the residential lending industry. Lenders are able to rapidly introduce new programs with
risk-based pricing that can be quickly delivered to any channel.
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
Aegis Mortgage Corporation
Among the top 30 mortgage lenders in the U.S., with roots that reach back more than two
decades, Aegis Mortgage Corporation focuses on mortgages, home equity loans, and
refinancing for families across America. Our Goal is to deliver 100% exceptional customer
experiences through each of our business units.
| • | Aegis Lending Corporation makes first and second mortgage loans to families and
individuals. Aegis Lending concentrates on helping those with less-than-perfect
credit improve their financial situations through sensible mortgage lending options.
|
| • | Aegis Wholesale Corporation works through its strong relationships with
independent brokers to make first and second mortgage loans to families and individuals. Aegis Wholesale offers a broad spectrum of conforming and Alt-A mortgage lending solutions.
|
| • | Aegis Home Equity specializes in second mortgages. Aegis Home Equity markets,
underwrites, processes and funds second loans through its broker network. |
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.
Press contact:
Mike MacMillan / Chris Sullivan
MacMillan Communications
212-473-4442
|
|
