News - RealEc Agreement With LandAmerica
LandAmerica and RealEC Announce Service Provider Agreement;
Customers Can Access LandAmerica OneStop(TM) Products Through Real EC
RICHMOND, Va., March 10 /PRNewswire/ -- LandAmerica OneStop(TM) today announced it executed a service provider agreement with RealEC, Inc. -- a secure business-to-business electronic commerce exchange used to order and deliver real estate settlement services. RealEC customers will now be able to electronically order, track and receive LandAmerica OneStop's title, closing, appraisal and other real estate products.
LandAmerica OneStop is a subsidiary of LandAmerica Financial Group, Inc. (NYSE: LFG) headquarted in Richmond, Virginia. "This agreement will result in increased connectivity options for our customers," said G. Douglas Horton, vice-president, information technology. "RealEC has deployed what we considered to be sound technologies creating a robust, scalable transaction messaging platform. RealEC fits well with our philosophy of utilizing current technology combined with superior customer service to position OneStop as the preeminent organization in the real estate industry. We're very excited about this opportunity."
"LandAmerica has a broad e-commerce vision and we're pleased to be part of their strategy," said Jeff Sanderson, president of RealEC, Inc. "The availability of LandAmerica OneStop products and services demonstrates that Real EC delivers on the promise of providing customers with the freedom to choose from the nation's leading service providers."
The RealEC exchange provides customers (lenders, Realtors(R), builders and relocation companies) with access to a variety of service providers (title companies, appraisers, flood information providers, escrow services, etc.) by using a shared, multi-platform public infrastructure rather than a private network or proprietary system. The RealEC exchange provides title services, automated property valuations, escrow services, flood certifications, appraisal services, closing services, centralized funding services, tax notification services and credit reporting services.
About LandAmerica OneStop
LandAmerica OneStop, a subsidiary of LandAmerica Financial Group, Inc. (NYSE: LFG), offers the national mortgage lending community a full range of residential real estate services accessed via a single contact -- either by phone, fax, or electronic connection. OneStop services include (subject to applicable state law restrictions): appraisal services through OneStop Appraisal Services, Inc., title and closing services, document preparation services, flood certifications, lender services, real estate tax services, credit reporting services, property inspections and warranties, and residential survey services. For more information visit the LandAmerica OneStop Web site at landamonestop.com.
About LandAmerica Financial Group, Inc.
LandAmerica Financial Group, Inc (NYSE: LFG) is a premier provider of title insurance and a broad range of real estate-related services. LandAmerica, through its subsidiaries Commonwealth Land Title Insurance Company, Lawyers Title Insurance Corporation and Transnation Title Insurance Company, services its residential and commercial customers with more than 600 offices throughout the United States, Canada and the Caribbean.
About RealEC, Inc.
RealEC, Inc. develops, operates and maintains a secure business-to-business electronic commerce exchange, connecting more than 150 customers with more than 350 service providers, used to orchestrate real estate settlement services. The company is owned by Santa Ana, Calif.-based Micro General Corporation (OTC Bulletin Board: MGEN) and Houston-based Stewart Title Company, an affiliate of Stewart Information Services Corporation (NYSE: STC).
For more information on RealEC, visit realec.com .
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