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December 16, 2005
Dorado Announces Strong Growth in Revenue, Bookings, and Users for 2005
Dorado Corporation, providing the on-demand network at the lender point of sale, today announced significant revenue growth in 2005 as well as strong compound annual growth (CAGR) in revenue over the past three years. Dorado's compound annual growth rate over the past three years is 67%, while seat growth for the same period is 71%. Dorado currently supports over 200,000 loan officers, brokers, and processors industry-wide. The company continues to strengthen its leadership position and as one of the industry's largest technology vendors.
Dorado saw significant growth in 2004 and 2005, years in which overall industry loan volumes dropped dramatically from approximately 20 million originations in 2003 to 14 million in 2004 and an estimated 16 million in 2005. Dorado's growth is a result of the company's focus on helping top-tier and emerging lenders transform their businesses through a well-defined Unified Point-of-Sale strategy that gives customers access to an on-demand network of commerce partners.
Posted by S. Germain at December 16, 2005 09:26 AM