RealEC Signs Clients For Appraisal Solution

RealEC Technologies Inc. says that more than 42 million real estate orders have been processed through its network since the company was founded in 1998.

The RealEC Collaborative Partner Network currently processes more than 880,000 orders, 3.6 million documents and 10 million unique loan fulfillment events per month.

The company also says it recently signed five new lender clients, including AmTrust Bank and Flagstar Bank, that will use its appraisal management solution, which is fully compliant with the Home Valuation Code of Conduct (HVCC).

RealEC's appraisal management solution offers lenders an appraisal ordering and processing solution, including a stand-alone or integrated order placement portal, existing data connections to all national appraisal firms, appraisal software packages, quality-control processes and access to thousands of independent appraisers.

"RealEC's HVCC-compliant appraisal management suite has allowed Flagstar Bank to quickly take the necessary steps to meet the requirements of the HVCC," says Marni Scott, senior vice president at Flagstar. "We believe our selection of RealEC also positions our business well to make any needed adjustments as the market continues to evolve."

SOURCE: RealEC Technologies Inc.

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