Dorado Touts AH Effort

Dorado Corp., San Mateo, Calif., has announced a diversification of its Web-based ChannelMaster product offerings to better serve the needs of the underserved, minority, and low-income borrowers nationwide.Dorado said it will help lenders provide bundled affordable housing services through point-of-sale access to real estate settlement packages. Among the ChannelMaster users are Countrywide Home Loans Inc. and The First American Corp. First American is using the new website capabilities to offer discount packages of products for underserved borrowers "previously denied access by traditional scoring systems." It also plans to use ChannelMaster to introduce Californians to new affordable housing bundled products that include a credit report, title insurance, settlement services, flood certification, and home warranty. Meanwhile, Dorado is providing a Spanish-language version of its website that provides point-of-sale access to Countrywide loan officers serving minority and lower-income borrowers.