FNF, RealEC Developing Title Tool

Fidelity National Financial Inc., Jacksonville, Fla., has announced an agreement with RealEC Technologies Inc., Santa Ana, Calif., to develop a new tool for its title agencies.The tool, FNF.net, will deploy three technology components from RealEC, an e-commerce exchange for real estate transactions: the RealEC Exchange, iSelect, and iBundle. FNF said the technologies will be customized to enable title agencies to create bundles of services -- such as appraisal, credit, automated valuation models, and flood -- that can be offered through agency-branded Web portals for use by Realtors and lenders. Jason Nadeau, RealEC's chief information officer, said FNF.net will be a one-stop-shop for Fidelity agencies to review vendors, define guidelines for selecting vendors, and create bundles of services. "For each transaction, users simply log on and select their bundle preference, such as a home equity bundle, resale bundle, or construction bundle," Mr. Nadeau said. "From there, the system automatically orders the various services defined for that bundle." RealEC, a majority-owned subsidiary of FNF, can be found online at http://www.realec.com, and FNF can be found at http://www.fnf.com.