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January 23, 2006

RealEC launches new mortgage insurance management tools

RealEC Technologies, which provides supply chain technology to the mortgage industry, has released a new software solution designed to manage mortgage insurance ordering.

By CBR Staff Writer

RealEC claims its latest product incorporates several new features designed to fully automate the allocation and electronic placement of mortgage insurance orders. Its mortgage insurance tools are said to include a set of provider qualification tools and opportunity cost allocation models.

RealEC further claims to ensure the lender has access to mortgage insurance products even if one mortgage insurance company is unavailable, as its automated tools have the ability to automatically re-route orders to ensure maximum availability.

Jason Nadeau, president of RealEC Technologies, said, RealEC’s newest set of decision tools provides a higher degree of automation, efficiency and accuracy in the mortgage insurance process than is possible with other solutions. Mortgage insurance is an important product for the lender and the borrower and RealEC is excited to be able to provide greater automation in this area.

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