Commercial Federal Bank Begins Rollout of Dorado Wholesale Point-of-Sale Solution to Broker Network.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Dorado Wholesale Point-of-Sale Solution Integrates with UniFi PRO Mortgage LOS, Streamlines Loan Submission and Cuts Loan Submit Time from Days to Minutes Dorado Corporation, the leader in mission-critical, on-demand solutions for home lending, today announced that Commercial Federal Bank has begun rollout of the Dorado wholesale point-of-sale solution to its network of 800 brokers and correspondent banks nationwide. The Dorado solution integrates with the UniFi(R) PRO Mortgage loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. solution from Fiserv(R) (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) to provide a significantly streamlined loan submission process, enabling Commercial Federal brokers to register a loan, select a product, lock the loan, submit it, and track status, all at the point of sale. By automating these processes, Dorado will cut loan submission time for Commercial Federal from days to minutes. "Our goal was to create a more flexible and scalable solution for our wholesale channel that would enable us to meet aggressive growth objectives," said First Vice President Rhonda Humpal, Commercial Federal Bank. "The Dorado solution not only accomplishes this goal, it virtually eliminates manual loan submission processes, saving us and our brokers time and money, and enabling us to provide better service to our customers." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Humpal, the Dorado wholesale point-of-sale solution is part of Commercial Federal's long-term strategy to create a more open Web services-based foundation for its IT systems. The Dorado solution integrates with Commercial Federal's implementation of UniFi(R) PRO Mortgage loan origination system (LOS) via the PRO Link Plus application programming interface (API), both from Fiserv Lending Solutions, and Dorado's .MOR MOR abbr. middle-of-the-road MOR adj abbr (MUS) (= middle-of-the-road) → para el gran público MOR adj abbr (Mus) (= (TM) integration server. Together, Dorado and Fiserv UniFi PRO Mortgage provide Commercial Federal with an end-to-end, Web-services-based mortgage loan origination solution -- the most comprehensive and flexible LOS currently available. The Dorado wholesale solution comprises Dorado ChannelMaster(R) and Dorado .MOR(TM). ChannelMaster is a mission-critical, on-demand enterprise software solution for multi-channel home loan marketing, origination and processing. ChannelMaster facilitates communication and improves productivity by tightly integrating all participants in the mortgage process -- borrowers, brokers, loan officers, and operations personnel -- via secure, personalized Web sites. Built on the Dorado .MOR Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. platform, both products leverage industry standards and protocols to make integration with LOS and POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale systems and external services fast to build, easy to maintain, and cost-effective to add. "Commercial Federal is a wonderful example of how Dorado can help emerging top-tier lenders evolve and grow their businesses cost-effectively," said Dain Ehring, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Dorado Corporation. "By integrating Dorado solutions into a lender's existing system, like Fiserv UniFi PRO Mortgage, we can help them improve competitiveness while maximizing investment in their existing infrastructure." Commercial Federal Bank Commercial Federal Corporation (NYSE NYSE See: New York Stock Exchange :CFB CFB Canadian Forces Base ) is the parent company of Commercial Federal Bank, an $11.7 billion federal savings bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks that currently operates branches located in Nebraska, Iowa, Colorado, Kansas, Oklahoma Kansas is a town in Delaware County, Oklahoma, United States. The population was 685 at the 2000 census. Geography Kansas is located at (36.202423, -94.795122)GR1. , Missouri and Arizona. Commercial Federal operations include consumer, commercial, mortgage and Internet banking; consumer, commercial and small business lending; and insurance and investment services. Commercial Federal's Web site can be accessed at www.comfedbank.com. Dorado Corporation Dorado Corporation is the leader in mission-critical, on-demand solutions for home lending. Dorado's innovative solutions are installed by numerous top-tier lenders and enable more than 130,000 lending professionals to increase efficiency and productivity at the point of sale. The solutions also drive cross-sell/up-sell opportunities by increasing workflow flexibility and simplifying technology integrations for leading lenders such as Chase Manhattan Mortgage Corporation, Citi, Countrywide Home Loans, and Washington Mutual. www.dorado.com. Copyright (C) 2004 Dorado Corporation. All rights reserved. Dorado ChannelMaster and Dorado PriceMaster are registered trademarks of Dorado Corporation. Dorado, the Dorado logo, and Dorado .MOR are trademarks of Dorado Corporation. Other company and/or product names may be trademarks or registered trademarks of their respective companies. |
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