Through the use of RealEC's innovative
vendor management and automated decisioning tools,
along with the adoption of a disciplined approach to vendor
management, lenders can tightly control, efficiently manage and significantly reduces
costs and turn-times associated with the settlement process.
iSelect, RealEC's robust decision engine,
facilitates the selection of the appropriate provider and
product for an individual loan, and makes the optimum product
selection decision through a pre-defined set of criteria
established by the lender. Decisions are made in a consistent
and automated format every time. The iSelect engine utilizes
information from the lender's production systems to make the
product selection decision.
You just enter your criteria once, and iSelect does the
rest - intelligently seeking out and selecting the best
vendors and products for each individual request. At the same
time, iSelect virtually eliminates the risk of human error
while ensuring maximum efficiency throughout the selection
process. iSelect dramatically reduces your costs and
processing turn-times, freeing your staff to focus on more
important matters - like customer service and closing more
loans.
iSelect benefits; • Reduces costs by
avoiding the purchase of incorrect products • Reduces risk by letting underwriting
rules determine the appropriate products • Reduces duplicate order placement and
other errors associated with manual ordering • Increases efficiency
• Utilizes holistic, consistent process
management techniques across channels and departments
Bottom line, iSelect represents the single, most
sophisticated and efficient intelligent ordering engine ever
developed for the mortgage industry: automatically storing,
tracking and updating the latest data on each and every vendor
that meets your criteria - including performance, pricing,
capacity, coverage and availability.
