1 Source Data agrees to provide credit services via The RealEC Portal

SAN DIEGO, California, (December 9th, 2002) – 1 Source Data, which provides technology and services to the financial lending industry, today announced an agreement with RealEC Technologies™, the industry’s leading secure B2B eCommerce exchange for real estate transactions. This agreement expands 1 Source Data’s ability to streamline the secure, online delivery of credit services straight to its end users.

The alliance joins a leading real estate transaction portal with a specific value added solution for mortgage lenders. 1 Source Data provides a fully integrated Internet based platform called Origination Tools that coordinates delivery and management of the data and services necessary for fast, accurate credit decisions. RealEC Technologies enables the online ordering and delivery of all real estate related products and services.

“I’m very pleased to extend our proven Origination Tools platform by joining the RealEC Exchange,” said John Merrill, 1 Source Data’s President. “Our partnership with RealEC enhances our distribution and enables 1 Source Data to offer its Credit Services credit ordering platform through numerous channels while providing our clients increased efficiency in the credit decisioning process.”

“We’re thrilled about this collaboration with 1 Source Data said Jeff Sanderson, RealEC Technologies’ president. “They are a well established leader in mortgage lending technology and services, and RealEC’s enabling technology provides 1 Source Data a virtual network of service providers to better serve their own customers,” Sanderson said.

About 1 Source Data

Headquartered in San Diego, California, 1 Source Data is a leading provider of integrated technology and service solutions for the financial lending industry. Technology solutions include Origination Tools, an integrated Internet based platform to support fast, accurate credit decisions; Virtual Loan Agent, an Internet-based credit decisioning tool for automatic consumer finance loan approval and Credit Analyzer, simulation software to help lenders improve consumer credit scores. Service offerings include quickly removing erroneous credit information from borrower files, income verification for self-employed borrowers and same-day trade line verifications. 1 Source Data’s technology handles more than 800,000 new borrower files a month and is used by hundreds of lenders across the nation.

About RealEC Technologies

Founded in 1998, RealEC Technologies provides an intelligent, electronic exchange for mortgage loan originators, realtors, and settlement service providers. The company’s products are designed to facilitate the origination, servicing, statusing and closing of real estate transactions and enable real estate practitioners to significantly enhance their business by increasing operational efficiencies, improving customer service and generating new sources of revenue.

For more information visit: www.realec.com.

 

 

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