ABN Amro Picks iSelect

RealEC Technologies, Santa Ana, Calif., has reported the implementation of its eCommerce Exchange by ABN Amro Mortgage Group Inc., and it says the lender will use RealEC's iSelect to manage the settlement services process for its One-Fee Services offering.The Ann Arbor, Mich.-based ABN Amro says RealEC will allow the lender to significantly reduce its expenses while improving capacity management. The iSelect tool will be used to provide electronic appraisal, automated valuation models, flood, title, and closing requests. One-Fee Services bundles and delivers product requests to an extensive network of providers based on AAMG's business rules. AAMG said it will integrate OFS into all its divisions, including InterFirst Wholesale Mortgage Lending, LaSalle Home Mortgage, and Standard Federal Bank. RealEC can be found on the Web at http://www.realec.com, and ABN Amro can be found at http://www.mortgage.com.