Cloud Computing Firm Dorado Hires an Outside Expert

Dorado Corp., the banking and mortgage origination cloud computing provider, is seeking to expand its presence in the field by naming a new senior vice president of Software-as-a-Service (SaaS) operations. The firm is not, however, taking on an mortgage industry insider but rather a tech veteran. Ravi Balwada is already working out of the San Mateo-based operations of Dorado, which is expanding both in the United States and Canada. In this newly created position, Balwada will be responsible for all aspects of Dorado’s cloud computing-based mortgage origination operations, including the main service ChannelMaster. “In the mortgage origination and processing space there are many entities that need to coordinate,” he said. “Dorado is constantly evolving and improving its cloud computing platform to build more intelligence and robustness into the system.” He will also oversee expanding functionality of the company’s core loan origination software service, a chair Balwada is comfortable sitting in, having done similar job descriptions for SumTotal Systems, Oracle and Amazon. At Amazon, for example, Balwada helped develop that company’s industry-leading technology architecture and operational infrastructure in support of high volume online commerce. Balwada says he’s looking forward to further integrate the “moving parts” together in a way that maximizes efficiency and simplifies the user experience for Dorado’s clients. “This is the direction we are looking to go with cloud computing,” he adds, “this is the only model that makes sense in a business and technological environment that is so complex and constantly changing.” Write to Jacob Gaffney.