CoreLogic Dorado provides enterprise lending automation solutions built on a cloud computing platform. The company's on-demand Enterprise Lending System (ELS) automates loan production activities, consolidates internal and external functions into a unified process, and connects lenders with their partners and consumers in a collaborative, real-time environment. This open system environment enables transaction transparency and a more accurate data handling and recording process. CoreLogic Dorado's ChannelMaster suite is the only loan origination system on the market that offers lenders a multi-party collaborative network for streamlining loan origination and fulfillment from start to finish. Simply put, our LOS solutions enable loan agents, processors, underwriters, closers, funders and others to work on multiple files at the same time, and to market, originate, price, fulfill and track loans via a cloud computing-based system that is available anytime, anywhere there is access to the internet.

Patented Platform-as-a-Service (PaaS) Architecture

CoreLogic Dorado's core PaaS networked architecture was first implemented at a client site in 1999 and is currently running at major banks throughout the United States and Canada. Uniquely designed for complex, multi-party financial transactions, the platform is ideally suited for handling mortgage loan processing and similar complicated workflows. The company’s primary application built on top of the platform, the ChannelMaster LOS suite is implemented in a modular fashion, as building blocks integrated into the master platform. This configuration enables turnkey customizations such as localization for the Canadian French-speaking market and rapid solution response to changing market and regulatory conditions.

In addition to the core benefits of any SaaS or cloud computing system – flexibility, relatively fast time-to-market with minimal capital expenditures, and scalability, CoreLogic Dorado's patented technology offers SaaS solutions that enable real-time, multi-party collaboration amongst both internal and external entities. This "ERP-like" capability provides financial institutions with more control over service integrations and with a more transparent process. The improved process enables highly accurate data processing, with a system to analyze file data and to track and report on specific loan file information.

Enterprise Lending System

CoreLogic Dorado's Enterprise Lending System is comprised of combinations of the following loan operation solutions:

ChannelMaster® Advisor is a networked, web interface solution for loan agent storefronts. Providing content management and lead processing, this software product enables personalized web marketing for loan originators, while allowing institutions to maintain centralized corporate control over branding, messaging, and policy.

ChannelMaster® POS is a multi-channel point-of-sale solution for lending. This product enables retail or broker loan officers to enter loan applications, choose and price loans, perform origination and processing activities, and get up-to-date status from the back-office fulfillment system.

ChannelMaster® Production LOS is a networked, end-to-end loan fulfillment solution. It automates and streamlines all lending functions from loan application entry to close and funding loan.

PriceMaster® is a rules-based price optimization engine and real-time product catalog that allows bank customers to self-select loan products at the point-of-sale. It helps lenders to manage their complex and changing loan eligibility, pricing, and rate lock rules across varied businesses, product lines, channels, and geographic regions.

CoreLogic Dorado's suite of solutions can be implemented as a single, comprehensive Enterprise Lending System (ELS) that incorporates an end-to-end loan origination system with a loan pricing optimization engine, or the solutions can be implemented as individual, standalone modules. For example, ChannelMaster Advisor is commonly implemented as a web-based agent storefront interface to a lender's existing, legacy LOS. In addition, CoreLogic Dorado's customers have the choice of customizing any of the solutions via a combination of professional services providers working with their IT group, or through a developer program that provides in-house IT training on the CoreLogic Dorado architecture and software.

Networked Approach

By consolidating loan information across all channels and business units, complex processes become automated, and people are able to collaborate in real time. What’s more, there's less room for human error. CoreLogic Dorado's Enterprise Lending System connects applications, rules, resources, partners, and users to a single networked platform that's available on-demand, 24/7. A hosted solution, it delivers a unified, streamlined workflow—all without a large capital investment.

Rich Internet Applications

CoreLogic Dorado software delivers better interactivity, faster responsiveness, improved collaboration, and the ability to receive data in an easy-to-use graphical format. CoreLogic Dorado gives each user an interactive dashboard that's specific to his or her job function. Procedural components of each loan are simplified and shown sequentially, with tasks and status information easy to identify and understand.

Software as a Service for Core Lending Operations

Built on a flexible and open architecture, the CoreLogic Dorado system is easier to customize, upgrade and maintain than proprietary mainframe or client-server systems. Since it integrates seamlessly with existing data sources, the network can be up and running fast. And with two world-class hosting centers, SAS-70 Level II compliant-operations, and multiple layers of security, the system stays up and running, delivering a high degree of enterprise-class reliability and data protection.

Unparalleled Experience and Innovation

CoreLogic Dorado was the first provider to deliver a networked, on-demand lending automation system nearly a decade ago. Current and former clients include: Countrywide, Chase Home Finance, Washington Mutual, GMAC Mortgage, PHH Mortgage, GreenPoint Mortgage, First Horizon Home Loans, Fifth Third Mortgage, Everbank, Union Bank, PNC Consumer Services, Aegis Home Equity and First Canadian Title. Thanks to an experienced management team, CoreLogic Dorado has forged strong relationships with both customers and partners, and has been recognized by Mortgage Technology magazine, Adobe Systems and Forrester Research for its technological expertise, user interface excellence, and relevancy to lenders' needs.