EverBank Selects Dorado to Automate Home Equity Loan Origination in Consumer Direct Channel.

SAN MATEO, Calif. -- Dorado ChannelMaster and SourceMaster Home Equity Solution Enables Top-tier Lender to Close HELOCs in 4-5 Days

Dorado Corporation, the leader in mission-critical, on-demand solutions for home lending, today announced that EverBank Financial has selected Dorado ChannelMaster(R) Home Equity and SourceMaster(TM) to automate the home equity loan origination process in their consumer direct channel. The new loan process will enable borrowers to initiate a streamlined home equity line of credit (HELOC), receive an approval in minutes, and close the loan within four to five business days. The new Dorado solution leverages automated workflow and Web services-based integration to move everything needed for approval, including service ordering and decisioning, to the customer point of sale.

EverBank needed a fully automated process that put more power in the hands of their customers, and they wanted to build it on top of a strong technology foundation. "We were looking for a flexible, scalable solution that could be easily integrated with existing systems and services to meet future needs. We found all of this in the Dorado solution," said Pat McEnerney, Executive Vice President, Mortgage Production, EverBank Financial Corporation.

Dorado ChannelMaster is an enterprise software solution for 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. Dorado SourceMaster is a rules-based settlement services procurement and decisioning engine that automatically selects and bundles the right settlement services based on business rules defined by the lender. Built on the Dorado .MOR(TM) Web Services platform, both products leverage industry standards and protocols to make integration with legacy LOS and POS systems and external services fast to build, easy to maintain, and cost-effective to add.

Together, the products will provide a HELOC origination platform that delivers everything required for a customer to initiate the loan process and receive approval in minutes. Through SourceMaster, the system will access First American Corporation's (NYSE:FAF) home equity product bundle, designed specifically for home equity loans and lines of credit. First American's home equity bundle is composed of its newest title effectiveness product and a flood certification report.

EverBank will also use Dorado's SourceMaster to order property appraisal reports through a leading Vendor Access Network (VAN). Leveraging the Dorado Web services architecture, First American's CREDCO credit reports will be ordered automatically through a leading national network of credit providers. These component products and services are processed in a streamlined manner to simplify the loan cycle and reduce the overall time it takes to approve and close loans.

"EverBank has a unique opportunity that demands a very flexible and customizable solution," said Dain Ehring, CEO, Dorado Corporation. "One of EverBank's requirements was to find technology that could adapt to their business needs, not the other way around. Reducing costs, automating the whole process and providing excellent consumer service were goals for EverBank on this project. I am proud to say Dorado is their partner in achieving these goals."

EverBank Financial

EverBank Financial Corporation is a private holding company headquartered in Jacksonville, FL. With approximately $2.7 billion of assets, 1,250 employees, and 400,000 customers nationwide, EverBank is Jacksonville's largest private financial services firm and one of the industry's fastest growing. EverBank serves the North Florida market through EverBank of Florida and customers nationwide through EverBank's National Banking Group and EverHome Mortgage Company. EverBank also provides mortgage and banking products through a variety of business partners, including priceline.com, though its pricelinemortgage internet joint venture; The Bank of New York, through its retail joint venture; and thousands of financial advisors, mortgage brokers and real estate agents through its EverBank Advisors, Wholesale Lending and EverBank Agent Services business units.

Prior to February of 2004, EverBank Financial Corp, EverBank and EverHome Mortgage Company were known as Alliance Capital Partners, First Alliance Bank and Alliance Mortgage Company, respectively.

Dorado Corporation

Dorado Corporation is the leader in mission-critical, on-demand solutions for home lending. Dorado's innovative solutions are installed by top-tier and emerging top-tier companies, enabling 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 the Dorado Corporation. Dorado, the Dorado logo, Dorado SourceMaster, and Dorado .MOR are trademarks of Dorado Corporation. Other company and/or product names may be trademarks or registered trademarks of their respective companies.