RealEC Exchange™
iSelectSM
Service Providers
Lenders/Originators

 

Client Quote

"As one of RealEC's biggest customers, we consistently see the value in leveraging their industry utility model in support of our customers. RealEC has become the accepted standard in the mortgage industry for lenders and their business partners to securely connect and collaborate electronically."

Ron Frazier, President of Fidelity National Information Services' LSI division



Our Solutions

RealEC helps you get more work done faster.

Using flexible connectivity methods, RealEC links lending operations with a virtually unlimited world of dedicated real estate and mortgage professionals throughout the country. RealEC products and services are focused on driving efficiencies for lenders, service providers and other transaction participants.

The RealEC Exchange
RealEC's industry-leading Electronic Partner Network (EPN) offers partner connectivity and standards-based data exchange. RealEC Exchange is the preferred EPN for connecting lenders, settlement service providers and other partners.

Key Features:
     • Provides the largest fully interconnected network of lenders and service
        providers in the USA
     • Enables lenders to electronically connect their business processes directly
        to their service providers
     • Reduces technology costs, risk and vendor dependence

Vendor Management and Automated Decisioning
Delivers innovative vendor management tools and intelligent order routing using iSelectSM, RealEC's powerful decision engine. Through the use of RealEC's platform and the adoption of a disciplined approach to vendor management, lenders can tightly control, efficiently manage and significantly reduce cost and turn-times when dealing with settlement service providers.

Key Features:
     • Rules-based provider selection with ProviderSelectTM
     • Intelligent product selection via ProductSelectTM
     • Additional levels of automation, decisioning and vendor management with
        DecisionSelectTM, including real-time scheduling, vendor grouping and tiers,
        provider qualification rules and exclusionary rules.

Document Management Services
Provide robust capture, management, storage and delivery of loan documents and embedded data. These services enable lenders and their business partners to capture, manage, store and exchange loan documents and their associated data throughout the loan process in an automated, secure and standards-based manner.

Key Features:
     • Data Harvesting Service (DHS) extracts data from standardized forms and
        performs automated analysis based on specific lender requirements.
     • Electronic title policy fulfillment service enables title providers, lenders and
        their investors to fulfill and deliver trailing, final title policies electronically.
     • Additional document-centric services for automating your loan operations.

Partner Collaboration
Facilitates and automates business process interaction among partners through RealEC's Collaborative Partner Network (CPN). Collaboration within the mortgage supply chain is centered on three key elements: data, documents and business processes. By combining these components within a logical and intuitive system and by leveraging the connectivity provided by the RealEC Exchange, loan originators, settlement service providers, investors, document custodians and other transaction participants can share data and documents securely, and align, configure and automate business processes; enabling collaboration to occur where and how it makes sense.

Key Features:
     • RealEC Exchange provides the critical layer of secure, standards-based integration,
        event management and notifications.
     • RealEC automated decisioning enables business partners to create
        collaborative business processes.
     • RealEC Document Management Services enable business partners to securely
        capture, deliver, share, collaborate upon and store key data and
        documents throughout the mortgage supply chain.
     • RealEC Collaborative Partner Network (CPN) can be configured to address collaboration
        within loan origination processes, post-closing processes, or both to help lenders
        and their partners achieve tighter collaboration and efficiency.

RealEC helps you streamline your lending operation
Take advantage of RealEC Technologies' industry-leading solutions and experience to cost-effectively enhance your loan operations and drive efficiency and throughput.

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