The RealEC e-commerce exchange has announced that it processed a million orders resulting in 5 million related vendor transactions during a recent three-month period.RealEC said it now averages 380,000 real estate orders per month, resulting in an average of more than 1.5 million related vendor transactions. For the period November 2002 through January 2003, RealEC boasted a 290% increase in volume over the previous three-month period. RealEC is used in some capacity by all five of the top settlement providers, and 12 of the top 15 mortgage originators, the company said. RealEC, a majority-owned subsidiary of Fidelity National Financial based in Santa Ana, Calif., can be found online at http://www.realec.com.
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