Magazine article Mortgage Banking

Dorado Introduces PriceMaster 4.0

Magazine article Mortgage Banking

Dorado Introduces PriceMaster 4.0

Article excerpt

Dorado Corporation, San Mateo, California, has introduced PriceMaster[R] 4.0, a networked pricing engine and loan product catalog for the home-lending enterprise.

PriceMaster was designed from the ground up to address the specific needs of the mortgage industry, enabling business users to rapidly create new loan programs and risk-based pricing that can be quickly delivered to every channel and business unit with no information technology (IT) involvement, according to Dain Ehring, chief executive officer of Dorado.

"Unlike general-purpose rules management or artificial intelligence frameworks that have to be customized for the lending domain, PriceMaster was designed specifically for the mortgage industry," said Ehring. "PriceMaster's rules were built for the purpose of loan selection and pricing at the lending point of sale. It understands what it needs to about this industry 'out of the box.'"

Dorado has deployed PriceMaster for some of the industry's largest lenders, such as GreenPoint Mortgage, Novato, California; and J.P. Morgan Chase, New York. PriceMaster supports all of their purchase business, noted Ehring. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.