Wednesday, February 08, 2006

Dorado - Networked, On Demand Solutions for Home Lending Founded in 1998, Dorado Corporation is headquartered in San Mateo, California, and is the leader in on-demand, network-based software and services for the multi-trillion-dollar U.S. home lending industry. Dorado counts among its customers four out of the top six mortgage companies in the country, and seven out of the top 20. In 2004, its systems were used in originating or processing 480,000 mortgages, representing 3.5 percent of the total mortgage loan market for 2004.

Dorado’s ultimate goal is to reinvent the home lending market by making the mortgage process near paperless, which will substantially reduce the time and cost of applying for and closing a loan — from six weeks to a few days and from a few thousand dollars to a few hundred.

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