iSelectSM :  Intelligent Order Management

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.