FNF Fidelity National Financial Inc

RealEC Fully Automates Lender Closing Processes with Version 7.0 SANTA ANA, Calif., June 13 /PRNewswire-FirstCall/ -- RealEC Technologies(R), the leading provider of Supply Chain Technology to the mortgage industry, today announced the release of Version 7.0 of the RealEC suite of software tools. The suite now includes the innovative software "SolutionSelect" to fully automate the mortgage lender's closing process. SolutionSelect is a comprehensive suite of software tools developed by RealEC to advance lender settlement services and enable automated vendor management. By incorporating the suite into the company's industry-leading Electronic Partner Network (The RealEC Exchange), lenders can easily access the robust, all-encompassing closing and escrow solution. SolutionSelect now offers pre-defined workflows and collaboration models for Title Curative Issue Tracking, Payoff Management, Scheduling, HUD and Closing Statement Collaboration, Document Management and Transfer, and Funding Review and is ideally suited for the complete management of these critical processes. "By enhancing SolutionSelect to fully manage the closing and escrow process, mortgage lenders will increase control over this error-prone stage of the mortgage chain," said Jason Nadeau, President & CIO of RealEC Technologies. "No other Electronic Provider Network or vendor management software in the marketplace provides the level of collaboration, connectivity and process management that our newest solution can achieve," said Nadeau. SolutionSelect is built upon the RealEC Exchange and the proven technology of RealEC's iSelect(R) engine, which is the innovative lender-defined, rules- based solution for managing the selection of products and providers. These powerful tools have been tightly coupled with robust workflow, data management, and data warehousing solutions to provide the mortgage lending industry with the first comprehensive, fully automated settlement services solution. About RealEC Technologies(R) Founded in 1998, RealEC Technologies provides Supply Chain Management Software and Solutions including an intelligent, electronic exchange for mortgage loan originators, real estate agents and settlement service providers. The company's products and services are designed to automate the origination, servicing, statusing and closing of real estate transactions and enable real estate transaction participants to significantly enhance their business by increasing operational efficiencies, improving customer service and generating new sources of revenue. RealEC provides Supply Chain Management Software, Integration Services, Intelligent Product Decision Tools, Vendor Sourcing Tools, and a robust B2B exchange for the mortgage lending industry. Through one connection, the RealEC Exchange enables mortgage originators to conduct e-business with thousands of service providers while offering more direct connections to settlement service providers than any other network in the industry. RealEC's iSelect(TM) intelligent ordering tool personalizes and automates the lender's choice of products and providers. RealEC Technologies has significant equity ownership from Stewart Title Company (NYSE:STC), Fidelity National Financial (NYSE:FNF) and LandAmerica Financial Group (NYSE:LFG). For more information, visit http://www.realec.com/ . About Stewart Information Services Corp. Stewart Information Services Corp. (NYSE:STC) is a technology driven, strategically competitive, real estate information and transaction management company providing title insurance and related information services through more than 8,900 policy-issuing offices and agencies in the United States and a number of international markets. Stewart delivers via e-commerce the services required for settlement by the real estate and mortgage industries. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com/ . About Fidelity National Financial Fidelity National Financial, Inc., number 261 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF is the nation's largest title insurance company, with nearly 32 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its majority-owned subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U.S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/ . About LandAmerica Financial Group, Inc. Headquartered in Richmond, Virginia, LandAmerica Financial Group, Inc. is a leading provider of real estate transaction services. Through its many subsidiaries, LandAmerica serves residential and commercial customers with more than 800 offices and a network of 10,000 active agents throughout the United States, Mexico, Canada, the Caribbean, Latin America, and Europe. This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission. DATASOURCE: RealEC Technologies(R) CONTACT: Darcy Patch, Senior Vice President of Marketing, Office of the Enterprise, Fidelity National Financial, +1-949-477-1173, or Web site: http://www.realec.com/ http://www.fnf.com/ http://www.fidelityinfoservices.com/ http://www.stewart.com/

Copyright