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Article: Dorado grows revenue 65 percent.(TechNewz)(sales and earnings)(Brief Article)
- Article from:
- Mortgage Banking
- Article date:
- March 1, 2005
CopyrightCOPYRIGHT 2005 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DORADO CORPORATION, SAN MATEO, CALIfornia, announced it experienced continued and significant growth in 2004. Dorado increased revenues 65 percent, earned renewals from 100 percent of customers due for renewal and more than doubled its user base from 65,000 seats to 140,000.
"GreenPoint Mortgage was able to buck the downward trend that impacted so many lenders in 2004," said S.A. Ibrahim, chief executive officer of GreenPoint Mortgage, Novato, California. "Not only did our total number of loans increase, but our conversion percentage also improved. A key component of this success is the flexible, Web services-based technology foundation we have built for our ...
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