CoreLogic Dorado Hybrid Cloud - SVForum. July 13, 2011. Overview. Who is CoreLogic Dorado The Hybrid Cloud? From the Customer’s Perspective From Dorado’s Perspective Challenges with the hybridization. Dorado at a Glance.
Overview Who is CoreLogic Dorado The Hybrid Cloud? From the Customer’s Perspective From Dorado’s Perspective Challenges with the hybridization
Dorado at a Glance Leading provider of intelligent origination software-as-a-service solutions for the consumer lending and fulfillment process CoreLogic Dorado Accuracy Increased Efficiency Increased Scalability Increased Dorado Corporation was founded in 1998; acquired by CoreLogic in March 2011 Headquartered in San Mateo, Calif. between San Francisco and Silicon Valley Named one of America’s Fastest Growing Companies by INC. magazine (2006) Identified as one of Forrester Research’s 2009 “Hot Tech Companies in Banking” Operations – Software as a Service (SaaS) delivery model expertise Software Development: California, Florida and Bangalore Data Centers: San Jose, CA and Sterling, VA Unique, patented work flow process SAS 70 Type II Certified Marquee customer base in USA including Chase, Wells Fargo, PHH, and MetLife Leading global partners
CoreLogic Dorado Product Line ChannelMaster® Product Suite 2012 2011 ChannelMaster Advisor ChannelMaster POS PriceMaster® ChannelMaster Production Networked Services Platform Loan Quality Data Manager Pricing & Decisioning Web Presence & Leads Underwriting & Fulfillment Point of Sale Service Oriented Architecture Networked Platform for Financial Services Event Driven Workflow SAS-70 Level II Attested Mission Critical SaaS Infrastructure Full Redundant Operations Value Chain Integration Networked Industry Services Vendor Access with SLAs
CoreLogic Dorado ChannelMaster Only 100% cloud-computing based LOS capable of handling Tier 1 volumes Capable of handling more than 45,000 transactions per month, 9,000+ users Customer choice -- available in full suite or in modules and flexible architecture enables fast integration into existing legacy systems State-of-the art user interface is the industry’s best Patented “collaborative workflow” technology presents barriers to competition
CoreLogic Dorado Value Proposition Comprehensive product solution. CoreLogic Dorado’s ChannelMaster is a fully automated system for managing and tracking the consumer lending fulfillment process. Time to market. As a comprehensive, proven solution, ChannelMaster can be deployed quickly, thereby providing lenders with the benefit of realizing improved efficiencies. Built to scale. With a focus on top-tier lenders,CoreLogic Dorado has designed ChannelMaster and optimized our operations to support customers that include JP Morgan Chase and Wells Fargo. Focus on Loan Quality, Made for Compliance. CoreLogic Dorado’s focus on the ever-changing compliance landscape means that lenders can rest assured that the ChannelMaster system will be always compliant as we are continually updating our system rules for multiple clients. Business & Technical Flexibility.CoreLogic Dorado’ssolution supports a variety of services and system integrators, providing lenders with a breadth of choice and large degree of control in extending and managing the platform and fulfillment solution.
Hybrid as Glue Cloud version of application middleware Scopes and isolates cross-cloud communication Provides business users with a DMZ that includes clear traceability Buffers private clouds from public cloud churn – bugs, innovation, etc. Highly scalable – add nodes as needed Lower operational cost – small interchangeable nodes Computing/Storage/Software as a service
Dorado Hybrid ChannelMaster Collaboration, Business Logic, Workflow Dorado NSP 2 (Network Service Platform) Private Cloud Public Cloud
From the Customer’s Perspective Solution Space: Enterprise Lending Public Data Source Participants Third party loan originators Analytic report product providers (Appraisal, Title, Credit, Fraud, Tax, etc) Consumer portal Private Data Source Participants Funding, internal reporting, and pricing Integration with up and down stream systems – not all web service based Solution Requirements: A cohesive application experience able to including 3rd party product ordering, transparency with non-enterprise participants, collaboration across internal and external service consumers, attach to existing internal systems, and to reduce compliance issues related business risk Center of Gravity: Enable rapid evolution to keep up with data requirements stemming from Secondary Market review and constantly changing Local, State, and Federal compliance guidelines
From Dorado’s Perspective Solution Space:Enterprise Lending Public Data Sources Establish tolls, partnerships, and business relationships Provide clear operational management to decrease Dorado’s costs Integrate once – use everywhere Continuously onboard best of breed spot solutions to decrease R&D backlog Drive standards through the industry – data standards, interaction standards, etc. Private Data Sources Expensive to write, low leverage, hard to support Rarely consistent interaction models Target system rarely built for service oriented integration Solution Requirements: Highly modular, highly flexible applications with abstracted service bus from user experience and business logic Center of Gravity: Leverage, leverage, leverage - Write modules (integration, feature, business logic) once and ensure compatibility with portability across projects
Hybrid Cloud Challenges Development Process Impedance Private clouds tend to bend to the enterprise’s frameworks (often Waterfall or strict RUP) Public clouds tend to utilize iterative (Agile Scrum, etc) frameworks to “keep up” Testing and Verification Private services are often blocked, limited and tightly restricted from external access Public cloud services assume an open policy using layers of physical and software security to protect key interactions Public to Private accessibility tests often take weeks of preparation for simple end point verifications Many public cloud services are inherently unstable Private cloud services are often held to higher, more exacting standards Private Cloud Enterprise Scrutiny Endless audits
CoreLogic Dorado Value Proposition An Enterprise Lending Total Solution Extends and accelerates the embedding of CoreLogic decision management applications into client operating environments, making transaction decisions faster, more automated and more accurate.