Officials at First American Corp. and Dorado Corp. on Tuesday announced they are jointly developing a common, unified point-of-sale platform to provide lenders with on-demand loan processing and fulfillment. The new system is expected to be launched by the end of first-quarter 2006.

The platform combines Dorado’s ChannelMaster lending software and SourceMaster ordering software with First American’s Vendor Management platform, according to the companies’ announcement.

In May 2005, Dorado and First American announced a strategic partnership developer a more unified approach to mortgage lending. “This approach aims to transform mortgage origination from a compartmentalized process with frequent starts and stops into a highly integrated, open and dynamic process that enables the best execution from both a customer service and lender operations perspective,” according to the announcement. The companies now provide integrated point-of-sale solutions to: EverBank, Oak Street Mortgage and Union Bank of California.

“Our vision to create dynamic, real-time integration between processes and services was the impetus behind our strategic partnership with Dorado,” said Craig I. DeRoy, president of The First American Corp. “We will fully achieve that goal with our jointly developed, unified (point-of-sale) platform. For lenders who implement this platform, there will no longer be a detectable delineation between service provider and lending system. All transactions and processes will flow seamlessly from the user’s system to the service network and back again. (T)he system itself will automatically decide which route the loan will take and which processes and services will be invoked to deliver best execution for enterprise-wide loan production.”

“The partnership between our companies is bearing fruit, and changing the industry in very tangible ways,” said Dain Ehring, CEO of Dorado Corp. “Not only do we currently provide integrated, point-of-sale solutions to a number of leading lenders, but this platform will be sold by First American sales professionals with the goal of proliferating Dorado technology and our on-demand network of services throughout the industry. We couldn’t be happier with the level of commitment and resources First American is devoting to our shared vision.”

Dorado Corp. delivers an on-demand network of applications and services to the home lending point-of-sale. First American operations include: title insurance and services, specialty insurance, mortgage information, property information, credit information and screening information.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription