RealEC Announces Executive Appointments

HOUSTON, March 28 /PRNewswire-FirstCall/ -- RealEC Technologies(R), the leading supplier of Supply Chain Technology to the mortgage industry, today announced that Robert Sullivan has joined the company as senior vice president of sales and marketing. In this role, Sullivan will be reporting directly to the newly elected President of RealEC Technologies, Jason Nadeau.

With 20 years of mortgage banking experience, Robert Sullivan brings a wealth of industry knowledge to his new position. Sullivan was most recently with ABN AMRO Mortgage Group, Inc., where he spearheaded the OneFee Services division. During his tenure with ABN AMRO, he successfully implemented and led the deployment of the OneFee Vendor Services group, which powers the fulfillment of services for the lender's OneFee concept. This division also services InterFirst Wholesale Mortgage Lending, ABN AMRO Mortgage (formerly LaSalle Home Mortgage) and The National Lending Center.

"We are pleased to welcome Bob Sullivan to the RealEC leadership team. Bob brings a wealth of proven experience and visionary leadership in the mortgage industry to RealEC," said RealEC President and CIO Jason Nadeau.

One of the original architects of RealEC in 1998, Nadeau was elected president by the board of directors late last year. Nadeau is a well- respected expert in the industry and one of the primary visionaries of the RealEC connectivity model. Nadeau previously served as RealEC's CTO and has been the chief architect and visionary behind RealEC's Exchange, iSelect(TM), and SolutionSelect.

Both Nadeau and Sullivan believe RealEC Technologies has only begun to leverage its full potential as the leading provider of supply chain technology and connectivity solutions for the mortgage industry. "RealEC has created a tremendously powerful combination of user-friendly, productivity enhancing tools and one of the most secure, trusted transaction platforms available," said Nadeau. "The company is well positioned given the increasing impetus for operational efficiency in lending organizations."

Sullivan says he became a true believer in the RealEC offerings while working with the company on the OneFee implementation. "The more I worked with RealEC's technology solutions and connectivity platform, the more I became convinced there is nothing that comes close to their offerings for the mortgage industry," he said. "I am tremendously excited to be associated with RealEC, and to contribute my in-depth understanding of lender organizations to the company's impressive expertise."

"We are delighted to welcome these two talented executives into their new roles as part of our exceptional RealEC leadership team," said Jeff Sanderson, Chairman of the Board for RealEC. "Their creativity and vast industry experience will be invaluable in leading the efforts necessary to propel the largest and most successful electronic exchange for settlement services to the next level," added Sanderson.

RealEC Technologies is a majority-owned subsidiary of Fidelity National Financial with significant equity ownership by Stewart Title Company and LandAmerica Financial Group .

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. For more information, visit http://www.realec.com/ .