SANTA ANA, Calif., March 22 /PRNewswire-FirstCall/ -- RealEC
Technologies(R), the leading provider of Supply Chain Technology to the
mortgage industry, today announced that Triad Guaranty Insurance Corporation,
a wholly owned subsidiary of Triad Guaranty Inc. (Nasdaq: TGIC), and RealEC
have collaborated to add Triad's mortgage insurance products to the RealEC
Exchange. Through working with RealEC, Triad expands their suite of technology
solutions available to their customers. RealEC's recent version of the RealEC
Exchange and iSelect(TM) have been expanded to include additional
functionality, in addition to the availability of mortgage insurance products.
"RealEC is pleased to have worked with Triad when developing the RealEC
mortgage insurance solution," said Jason Nadeau, President of RealEC
Technologies. "RealEC's newest version of iSelect(TM) has been adapted to
provide our lender customers with a highly robust decisioning and mortgage
insurance automation tool. RealEC's automated tools for mortgage insurance far
surpasses any other technology tools available to lenders today," Nadeau
concluded.
"We are excited about the expanded market possibilities that our
partnership with RealEC brings along with new technology solutions for Triad,"
stated Pam Morrison, CMB, Vice President, eCommerce Operations and
Development.
About Triad Guaranty Insurance Corporation
Triad Guaranty Insurance Corporation, a wholly owned subsidiary of Triad
Guaranty Inc. (Nasdaq: TGIC), is a nationwide mortgage insurer providing
credit enhancement solutions to its lender customers and the capital markets.
This allows buyers to achieve homeownership sooner, facilitates the sale of
mortgage loans in the secondary market and protects lenders from credit
default-related expenses. For more information, please visit the company's
web site at http://www.triadguaranty.com.
About RealEC Technologies(R)
Founded in 1998, RealEC Technologies provides Supply Chain Management
Software and Solutions including an intelligent, electronic exchange for
mortgage loan originators, real estate agents and settlement service
providers. The company's products and services are designed to automate the
origination, servicing, statusing and closing of real estate transactions and
enable real estate transaction participants to significantly enhance their
business by increasing operational efficiencies, improving customer service
and generating new sources of revenue.
RealEC provides Supply Chain Management Software, Integration Services,
Intelligent Product Decision Tools, Vendor Sourcing Tools, and a robust B2B
exchange for the mortgage lending industry. Through one connection, the
RealEC Exchange enables mortgage originators to conduct e-business with
thousands of service providers while offering more direct connections to
settlement service providers than any other network in the industry. RealEC's
iSelect(TM) intelligent ordering tool personalizes and automates the lender's
choice of products and providers. RealEC Technologies has significant equity
ownership from Stewart Title Company (NYSE:STC), Fidelity National Financial
(NYSE:FNF) and LandAmerica Financial Group (NYSE:LFG). For more information,
visit http://www.realec.com.
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE:FIS) is a leading
provider of core processing for financial institutions; card issuer and
transaction processing services; mortgage loan processing and mortgage-related
information products; and outsourcing services to financial institutions,
retailers, mortgage lenders and real estate professionals. FIS has processing
and technology relationships with 35 of the top 50 global banks, including
nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are
processed using FIS software. Headquartered in Jacksonville, Florida, FIS
maintains a strong global presence, serving over 7,800 financial institutions
and over 100,000 retailers in more than 60 countries worldwide. For more
information on Fidelity National Information Services, please visit
http://www.fidelityinfoservices.com.
FIS is a majority-owned subsidiary of Fidelity National Financial Inc.
(NYSE:FNF), number 261 on the Fortune 500 and a provider of outsourced
products and services to a variety of industries. More information about FNF
can be found at http://www.fnf.com.
About LandAmerica Financial Group, Inc.
Headquartered in Richmond, Virginia, LandAmerica Financial Group, Inc. is
a leading provider of real estate transaction services. Through its many
subsidiaries, LandAmerica serves residential and commercial customers with
more than 800 offices and a network of 10,000 active agents throughout the
United States, Mexico, Canada, the Caribbean, Latin America, and Europe.
About Stewart Information Services Corp.
Stewart Information Services Corp. (NYSE:STC) is a technology driven,
strategically competitive, real estate information and transaction management
company providing title insurance and related information services through
more than 8,900 policy-issuing offices and agencies in the United States and a
number of international markets. Stewart delivers via e-commerce the services
required for settlement by the real estate and mortgage industries. Stewart
also provides post-closing lender services, automated county clerk land
records, property ownership mapping, geographic information systems, property
information reports, flood certificates, document preparation, background
checks and expertise in tax-deferred exchanges. More information can be found
at http://www.stewart.com.
This press release contains statements related to future events and
expectations and, as such, constitutes forward-looking statements. These
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results, performance or
achievements of the Company to be different from those expressed or implied
above. The Company expressly disclaims any duty to update or revise forward-
looking statements. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to, the effect of
governmental regulations, the economy, competition and other risks detailed
from time to time in the "Management's Discussion and Analysis" section of the
Company's Form 10-K and other reports and filings with the Securities and
Exchange Commission.
SOURCE Triad Guaranty Inc.; RealEC Technologies
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Related links:
http://www.triadguaranty.com
http://www.realec.com http://www.stewart.com
http://www.fnf.com http://www.fidelityinfoservices.com
CONTACT:
Darcy Patch, SVP, Marketing, of Fidelity
National Financial Inc., +1-949-477-1173, or darcy.patch@fnf.com;
or Jerrold C. Schwartz, VP, Marketing, of Triad Guaranty
Insurance Corporation, +1-800-451-4872, or jschwartz@tgic.com
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