Dorado Corporation

Status: Funding

Company
Founded in 1998, Dorado Corporation is headquartered in San Mateo, California, and is the leader in Web services-based systems for the multi-trillion-dollar U.S. home lending industry. Dorado's mortgage, home equity, and real estate applications and services integrate consumers, channel partners, and third-party services into lending processes. Dorado's Web services-based solutions are widely acknowledged to streamline processes and increase flexibility, while enabling the critical up-sell/cross-sell of financial products and services.

The Product
Dorado's innovative enterprise solutions are installed by many top-tier lenders, enabling more than 100,000 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, improving decisioning, and simplifying technology integrations for leading lenders such as Chase Manhattan Mortgage Corporation, Citigroup, Countrywide Home Loans, and Washington Mutual.

Current Investors/Backers
Dorado Corporation has raised approximately $75MM from investors such as Crosspoint Venture Partners, Palomar Ventures and First American Corporation.

Venture Fund Commitment
ATEL Ventures, Inc. has provided Dorado Corporation with a $1,500,000 equipment financing facility. The purpose of the line will be to continue to build the infrastructure and expansion of the business.

For more information on Dorado Corporation, please visit their web site at www.dorado.com