RealEC Launches New Appraisal Tool

RealEC Technologies, Santa Ana, Calif., has released a new product called SolutionSelect, which is designed to advance lender appraisal settlement service and vendor management.SolutionSelect integrates existing and new RealEC functionality such as predefined provider workflows, collaborative file management, electronic fee negotiation, rules-based product data reviews, and customized data warehousing and analysis, the company said. The first available module of SolutionSelect is a rules-based appraisal management system that enables lenders to create an appraisal upgrade designed to cascade automatically through available automated valuation models and appraisal offerings. RealEC is a majority-owned subsidiary of Fidelity National Financial with significant equity ownership by Stewart Title Co. and LandAmerica Financial Group. The company can be found on the Web at http://www.realec.com.