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Lender's Service, Inc. Joins RealEC Technologies' Service Provider Network

September 26, 2002

The RealEC Exchange to Streamline LSI Settlement Services Delivery

SANTA ANA, Calif., /PRNewswire/ -- RealEC Technologies(TM), a leading secure B2B eCommerce exchange for real estate transactions, announced that Lender's Service, Inc.®, a provider of collateral assessment, title and closing services, has signed an agreement to expand its current settlement services through the RealEC Exchange(TM). This agreement enables LSI to streamline the delivery of title and closing services, and full and alternative appraisals to the end users.

RealEC Technologies enables the online ordering and delivery of all real estate related products and services to provide lenders and REALTORS® a complete and integrated technology solution for closing and managing real estate transactions.

"We're very pleased about this collaboration with LSI," said Jeff Sanderson, RealEC Technologies' president. "They are a well established leader in collateral assessment, title and closing services, and RealEC's enabling technology provides broader access to LSI's innovative products and solutions in the marketplace," Sanderson said.

"LSI is focused on enabling our customers to transact business with us through whatever channel is most efficient for them," said Ervin Brabham, senior vice president, client integration at LSI. "The RealEC Exchange enhances our ability to interact electronically with current customers and will help us penetrate new markets with our full range of collateral assessment, title and closing services. Our integration allows customers to receive data and industry standard Portable Document Format (PDF) for services ordered via RealEC."

RealEC is designed to facilitate the origination, servicing, and closing of real estate transactions and to enable real estate practitioners to significantly enhance their businesses. The RealEC Exchange is an intelligent 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 seamlessly with vendors' production systems.

Source: RealEC Technologies



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