Commercial Federal Bank Selects Dorado Wholesale ChannelMaster; Web Services-based Solution to Deliver Key Online Capabilities to Growing Broker/Correspondent Channel.

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--Oct. 20, 2003

Dorado Corporation, the leader in Web Services-based systems for home lending, today announced that Commercial Federal Bank has selected Dorado Wholesale ChannelMaster(TM), a Web services-based application for originating, processing, and closing home loans. Dorado Wholesale ChannelMaster will enable Commercial Federal to better serve their 800 brokers and correspondent banks by moving critical capabilities such as online loan status and price locking out to the point of sale.

ChannelMaster is also part of Commercial Federal's long-term strategy to create a more open Web services-based foundation for their IT systems. ChannelMaster will integrate with Commercial Federal's implementation of Fiserv(R) Lending Solutions' UniFi(R) PRO Mortgage loan origination system (LOS) via the PRO Link Plus application programming interface (API), also from Fiserv Lending Solutions, and Dorado's .MOR(TM) integration server. Together, Dorado ChannelMaster and Fiserv UniFi PRO will provide Commercial Federal with an end-to-end Web services-based mortgage loan origination solution -- the most comprehensive and flexible LOS currently available. (See related press release: "Fiserv Lending Solutions and Dorado Announce Partnership to Deliver End-to-End, Web Services-based Loan Origination Solutions" dated June 30, 2003.)

"Web services provide a rapid and cost-effective way to integrate new products and services into existing channels," said Senior Vice President Rick Campbell, director of Mortgage Operations, Commercial Federal Bank. "Our goal is to create an extremely flexible and scalable mortgage origination infrastructure that will enable us to meet our aggressive growth objectives over the next few years. We are beginning this process by integrating Dorado into our third party channel to rapidly deliver certain capabilities our brokers and correspondents have requested."

Dorado ChannelMaster products are Web services-based applications for originating, processing, and closing home loans in the retail, wholesale and correspondent channels. The products facilitate communication and improve productivity by tightly integrating all participants in the mortgage process -- borrowers, brokers, loan officers, marketing staff, and production personnel -- via secure, personalized Web sites. Dorado ChannelMaster applications are based on the company's .MOR Web Services platform, which enables lenders to more easily and cost-effectively integrate new products and services with legacy systems, and more rapidly deliver those services to their customers.

"The best technology architecture for next-generation LOS solutions is Web-based," said Ed McWilliams, Fiserv Lending Solutions' SVP of Sales and Marketing for UniFi Products. "Internet-based lending systems can deliver what today's lenders are demanding: flexibility and ease of integration between systems, services, and lending channels. Our goal is to provide a seamless, end-to-end solution for our clients to originate, process, and close loans; and Commercial Federal is taking advantage of the Fiserv alliance with Dorado to more efficiently deliver lending services to the point of sale."

"We are excited to be part of Commercial Federal's growth strategy," said Dain Ehring, CEO of Dorado Corporation. "They are one of five emerging top-tier lenders that have chosen Dorado in the third quarter of this year. Our Web services platform and ChannelMaster applications will enable all of them to expand and change their businesses easily and cost-effectively without forcing them to replace existing systems. By integrating ChannelMaster with Fiserv UniFi PRO, Commercial Federal will achieve a more flexible loan origination system that better caters to the needs of their customers."

Commercial Federal Bank

Commercial Federal Corporation (NYSE:CFB) is the parent company of Commercial Federal Bank, a $12.9 billion federal savings bank that currently operates branches located in Nebraska, Iowa, Colorado, Kansas, Oklahoma, 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 Demand Chain Management software applications for U.S. home lending banks. Dorado's mortgage, home equity, and real estate products integrate business customers and consumers into lending processes. Dorado's Web services-based solutions increase flexibility and efficiency and enable the up- and cross-sale of financial products and services. www.dorado.com

Dorado, the Dorado logo, Dorado ChannelMaster, Dorado PriceMaster, and Dorado .MOR are trademarks of Dorado Corporation. Fiserv and UniFi are registered trademarks of Fiserv, Inc. in the U.S. and other countries. Other company and/or product names may be trademarks or registered trademarks of their respective companies.