Countrywide Taps RealEC for Settlement Services

Article excerpt

Santa Ana, California-based RealEC Technologies® Inc. has entered into an agreement with Calabasas, California-based Countrywide Home Loans Inc.-a division of Countrywide Financial Corporation (CFC)-to provide its settlement-services management solution.

Under the terms of the agreement, Countrywide Home Loans is licensing RealEC's enterprise technology solutions to maximize efficiency, accountability and information-tracking throughout the entire settlement-services process.

As a result, Countrywide Home Loans is increasing its ability to more effectively manage the settlement-services ordering and management process across all of its business channels, according to Richard Marron, director of strategic partnerships for Countrywide Home Loans.

"We were seeking a technology partner that could provide a sophisticated and flexible platform capable of managing the high volume of complex, highly interactive transactions associated with our settlement-service process," said Marron. "After careful review and an intensive screening of other solutions available in the marketplace, we chose RealEC, as it offered the secure, robust solution we needed to realize the efficiency gains we were looking for, with the added benefits of control and agility throughout our entire organization."

Countrywide Home Loans is licensing the RealEC Exchange(TM), a settlement-services platform, and add-on components designed to enhance the platform, including iSelect(TM) and the company's title and closing workflow solution. …