RealEC Technologies® and ACI Announce Business Relationship
To Improve Appraisal Delivery
Lenders, Appraisers, and Appraisal Management Companies to Benefit
Jacksonville, FL, March 29, 2004 -RealEC TechnologiesT, the industry's leading secure Electronic Partner Network for mortgage fulfillment transactions, and majority-owned subsidiary of Fidelity National Financial (NYSE: FNF), and ACI, the nation's leading provider of appraisal technology, today announced that the two companies have formed a strategic business relationship that connects lenders, appraisers, and appraisal management companies via the RealEC ExchangeT. As a result of this collaboration, lenders, appraisers and appraisal management companies will realize numerous speed and cost efficiencies. This includes the use of RealEC's seamless connections and ACI's universal appraisal delivery system that incorporates automated rules, custom forms support, secure digital signatures, and an XML exchange toolkit to bridge any loan origination or automated underwriting system.
ACI's appraisal technology has gained industry-wide recognition, as well as support from the leading national appraisal companies, because it enables a lender or appraisal provider to extend an invitation to a critical mass of electronically enabled appraisers without requiring the appraisers to learn and manage multiple appraisal software programs. The standard ACI appraisal file is a comprehensive package including the report, addendum, sketch, limiting conditions, photos, maps, and electronic signature. Using ACI's universal appraisal delivery system, the appraiser has the opportunity to proof the report and attach an electronic signature before transmitting the completed report to RealEC.
"We're excited with this initiative as it couples the ACI appraisal/XML delivery platform with RealEC's connectivity and integration technology to provide immediate efficiencies to lenders, appraisers, and appraisal management companies on the RealEC Exchange," said George Opelka, Vice President of ACI. "And with Lighthouse, ACI's universal appraisal delivery platform, lenders are able to utilize the appraisal provider of choice while leveraging the RealEC/ACI connection to expedite the loan origination process."
"The combining of the ACI technology with RealEC's Exchange and iSelectT platforms is a very synergistic initiative. Through the combination of our technologies, we are able to offer to the lenders, and appraisal management companies a single source technology platform that delivers efficiencies and improved processes for management of appraisal connections," said Jason Nadeau, Chief Operating Officer of RealEC Technologies. "The joint solution we have developed benefits all parties in the appraisal process. Through seamless integration from the lender's desktop to the appraisers' software package, inefficiencies and errors are virtually eliminated."
For more information visit: www.realec.com. RealEC Technologies is a majority-owned subsidiary of Fidelity National Financial (NYSE:FNF) with significant equity ownership by Stewart Title Company (NYSE:STC) and LandAmerica Financial Group (NYSE:LFG).
About ACIACI is a leading provider of digital solutions under the ACI, MCS, FormFill, CRAL, Lighthouse, and ZOOware brands, encompassing electronic forms, digital photo imaging, and automation tools for the mortgage services, real estate, insurance, and hospitality vertical markets. The ACI client base features many of North America's premier lenders, national appraisal companies, and real estate brokerage firms. Additional information is available on the Internet at www.aciweb.com. ACI solves mobile workflow management challenges with well-crafted, sustainable enterprise solutions built on digital, Internet, and wireless technologies, targeted to the mortgage, insurance, and hospitality industries. These solutions are custom-configured, highly scalable, and flexible, to fit the unique characteristics of each corporation, while offering reliability and interoperability. ACI is a division of ISO Claims Services, Inc.
About RealEC Technologies
Founded in 1998, RealEC Technologies provides an intelligent, electronic
exchange for mortgage loan originators, realtors, and settlement service
providers. The company's products are designed to facilitate the origination,
servicing, statusing and closing of real estate transactions and enable
real estate practitioners to significantly enhance their business by increasing
operational efficiencies, improving customer service and generating new
sources of revenue.
RealEC provides integration services, installation resources, sales management, and customer/help desk support designed to ensure successful implementation of this robust B2B exchange. Through one connection, the RealEC Exchange enables mortgage originators to conduct e-business with thousands of service providers while offering more direct connections to providers than any other network in the industry. RealEC's iSelectT intelligent ordering tool personalizes and automates the lender's choice of products and providers. RealEC's iBundleT was the first dynamic, product bundling technology developed for the mortgage lenders.
Contact: Helki McLeod, Director of Marketing, Fidelity Business Systems Group; 949-477-1176 hmcleod@fnf.com.
Trademark Information
Any product names listed of ACI are trademarks of ISO Claims Services,
Inc. Other product and company names herein may be trademarks of their
respective owners.
Any product names listed of RealEC are trademarks of RealEC Technologies, Inc. Other product and company names herein may be trademarks of their respective owners.
Copyright © 2004 ISO Claims Services, Inc.

