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Dorado Corp. has signed its first major wholesale lending customer, GreenPoint Mortgage, Larkspur, Calif., with an agreement to provide its Relationship Commerce Platform and e-Collaborator portal application.
Dorado, an application service provider, said it will provide an online collaborative environment for over 15,000 GreenPoint-approved mortgage brokers.
GreenPoint Mortgage Chief Executive Officer S.A. Ibrahim said the company chose Dorado because it's platform and portal applications were "extremely flexible and enabled collaboration and personalized service between our brokers and GreenPoint," and he cited the company's goals of reducing the costs and cycle time of its services.
Dorado Chief Operating Officer Joe Jennings said the driver behind the deal was not just cost savings but also revenue generation.
"It allows (GreenPoint) to make their brokers more efficient, work...