Mortgage tech companies partner for loan origination

March 29, 2006

Agreement connects lenders with on-demand, point-of-sale tools

Inman News

Dorado Corp., a mortgage technology company, today announced a partnership with First American Fulfillment Solutions to deliver end-to-end loan origination tools.

Through this partnership, First American Fulfillment customers can browse loan programs and pricing, select programs and rates, collect the loan application and submit to Fulfillment Solutions without the need for external systems or services. The offering will allow lenders to expand their footprint or experiment with new markets without significant resource and technology constraints, the companies announced today.

In addition to the partnership, First American Fulfillment Solutions has selected Dorado's ChannelMaster/POS and PriceMaster products as its internal technology solution for a variety of loan officer and consumer-related functions for the newly introduced mortgage lead services offering. The Dorado technology will be used in conjunction with First American's call-center technology, proprietary loan processing, workflow and decision systems to provide call center and processing solutions to the marketplace.

Ravi Ramanathan, president of First American Fulfillment Solutions, said in a statement, "For lenders who want to use First American for either lead servicing or loan processing, we can now provide on-demand, point-of-sale access to a host of critical networked capabilities."

Dorado ChannelMaster/POS is a multichannel, networked point-of-sale solution for home lending that connects dispersed users, disparate systems and business partners, fostering real-time collaboration and communication. ChannelMaster also brings back-office workflow to the point of sale, according to the announcement. For bank managers, ChannelMaster provides centralized viewing and control of all loans.

Dorado PriceMaster is a networked pricing engine and mortgage product catalog. PriceMaster enables business users to create risk-based pricing that can be delivered to every channel and business unit. PriceMaster provides lower total cost of ownership than horizontal pricing engines, according to the announcement, enabling administrators to create complex rules and associated programs.

"First American and Dorado are using the power of the network to remove friction for major lenders," said Frank Florence, senior vice president of marketing and corporate development for Dorado. "Before the Internet, this wasn't even possible."

First American Fulfillment Solutions, a member of The First American Family of Companies, offers private-labeled mortgage processing tools.

Copyright 2006 Innam News

Contact ALTA at 202-296-3671 or

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.