Dorado, FirstAm Launch SourceMaster

Dorado Corp. and First American have released SourceMaster, a comprehensive tool that will help lenders source products across various vendors and electronic partner networks and bundle those mortgage services into guaranteed mortgage packages.The product can be licensed or served by First American as an application service provider and will help lenders manage vendors using their own internal rules. The product was announced at the Mortgage Bankers Association of America's annual Technology in Mortgage Banking Conference in Orlando, Fla., but will be rolled out in the second quarter. The companies will be targeting top-10 lenders and integrating the tool with their loan origination systems, but plans to roll it out to mid-tier lenders will begin immediately through First American's sales and marketing representatives. The companies can be found online at http://www.dorado.com and http://www.firstam.com.