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CoreLogic Acquires Dorado, Gaining Patented Cloud Computing Technology

Open technology platforms enable loan processing workflow and integrated mortgage finance transaction management

CoreLogic has acquired Dorado Network Systems Corporation for $32 million in an all-cash transaction. Dorado provides collaborative cloud computing applications and architecture to the financial services industry.

The acquisition gives CoreLogic a patented cloud computing-based technology that extends and accelerates the embedding of CoreLogic decision management applications into client operating environments, which is supposed to make transaction decisions faster, more automated, and more accurate. CoreLogic plans on  expanding these services to enhance its 360-degree approach to delivering improved loan quality and transaction transparency from point of sale through investor delivery to the secondary market. In addition, CoreLogic will deploy Dorado technology into its strategic outsourcing business.

Dorado, which will operate as CoreLogic Dorado, provides a suite of enterprise lending solutions that automates loan origination and consolidates internal and external service integrations into a unified process, connecting lenders, their partners and consumers through a collaborative, real-time workflow.

Prior to the acquisition, CoreLogic held a 38 percent equity interest in Dorado.

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