News - Internet-based credit services
Internet-based Credit Information Now Available on RealEC; RealEC Awarded Internet Security Certification
SANTA ANA, Calif., Apr 5, 2000 /PRNewswire via COMTEX/ -- RealEC, Inc., a secure business-to-business electronic commerce exchange used to order and deliver real estate settlement services, today announced that it has launched Internet-based credit services, its newest solution for the real estate industry.
Internet-based credit services will enable RealEC customers to electronically order, track and receive credit services over the Internet. The RealEC exchange now provides access to more than 200 credit companies in conjunction with a
bi-directional link to the Fannie Mae (NYSE: FNM) MORNETPlus(R)Network, the nation's largest source of financing for home mortgages. RealEC, Inc. owns, operates and maintains a secure business-to-business e-commerce exchange used to order and deliver real estate settlement services.
"Providing credit services through RealEC reinforces our commitment to provide new services and technological advances to the real estate industry," said Jason Nadeau, chief technology officer of RealEC, Inc. "Adding credit services to the RealEC Internet platform demonstrates our continued focus on Web-based technological enhancements. Our customers can be confident that RealEC understands the need for security when handling sensitive transaction information.
"We are pleased that RealEC continues to enhance its exchange by providing its customers with access to credit services on the MORNETPlus Network," said Tom Booker, Fannie Mae's vice president for technology marketing. "We will continue to work with RealEC and others to provide lenders with electronic access to additional services over our network."
"Offering our credit products through the RealEC exchange provides us with Internet-based connectivity to our customers," said Sue Fritts, executive vice president, Fidelity's National Credit Services. "It's important that we continue to expand our technological solutions so we can maintain our commitment to customer service. We share the RealEC vision of a common, open platform that delivers a complete e-commerce solution for our customers," Fritts added.
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 infrastructure rather than a private network or proprietary system. The RealEC exchange provides automated property valuations, flood certifications, as well as title, escrow, appraisal, closing, centralized funding, tax notification, document signing and credit reporting services.
About RealEC, Inc.
RealEC, Inc. develops, operates and maintains a secure business-to-business e-commerce exchange used to orchestrate real estate settlement services by connecting more than 500 customers with more than 1,400 service providers. 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). More information about RealEC can be found on the Internet at realec.com.
About Micro General Corporation
A full-service e-business and enterprise solutions provider, Micro General Corporation (OTC Bulletin Board: MGEN), offers a complete range of information technology services and Internet development, including systems integration, application development, real estate industry applications, and e-commerce.
The company also operates several business units that include ACS Systems, Inc., and LD Exchange.com, Inc. ACS Systems provides e-business transaction solutions as well as work flow and document management solutions. Real EC operates an Internet exchange that provides online real estate settlement services. Micro General employs more than 350 individuals, primarily in professional and technical positions. To learn more about Micro General Corporation visit: microgeneral.com or call 949.622.3927. RealEC, Inc. is owned by MGEN and Houston-based Stewart Title Company, an affiliate of Stewart Information Services Corporation (NYSE: STC). More information about RealEC can be found on the Internet at: realec.com.
About Stewart Information Services Corporation
Stewart Information Services Corporation is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related services through more than 4,800 issuing locations in the United States and several international markets. A leading provider of real estate information technology and connectivity, Stewart meets the needs of the real estate and mortgage industries through the electronic delivery of services required for settlement. These services include title reports, flood determinations, property appraisals, document preparation, credit reports and other real estate information. In addition, Stewart provides expertise in
tax-deferred exchanges, surveys and field services. More information about Stewart Title can be found on the Internet at stewart.com.
All trademarks are the property of their respective holders. MORNETPlus is a registered trademark for Fannie Mae. |
