Automated appraisal expands

August 30, 2002

RealEC, Appraisal.com form partnership to integrate transaction technology with appraisal network


Inman News Features

RealEC Technologies and Appraisal.com entered a new partnership that aims to expand appraisal transaction technology within the residential mortgage industry.

The XML and Web integration of RealEC's technology with the Appraisal.com appraisal network will allow lenders that are linked to the RealEC Exchange to electronically order, receive and manage appraisals from virtually every independent real estate appraiser in the nation.

The Appraisal.com network is an online community of real estate appraisers, designed to automate the appraisal process and to provide a channel for appraisers and lenders to link, communicate and complete the home financing and buying process. The network provides lenders with the Web-based infrastructure to manage the appraisal process online and allows for the management of a custom panel of independent appraisers.

RealEC was designed to facilitate the origination, servicing, and closing of real estate transactions. The RealEC Exchange is a routing process that offers traditional transaction capability and provides a standardized connectivity and data transport functionality for originators and vendors involved in the transaction. It handles data translation and facilitates rapid information flow while integrating with vendors' production systems.

RealEC Technologies is a majority-owned subsidiary of Fidelity National Information Solutions.

Copyright: Inman News Service


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.