RealEC Passes 31 Million Mark: 'These milestones are important ones for RealEC and further reinforce its market leadership.'.

SANTA ANA, CA -- RealEC Technologies Inc. here said that its B2B exchange recently surpassed 31 million orders processed since its launch in 1998. The company also said it has surpassed 2,000 participating lenders, including 17 of the top 20.

"In 2006, RealEC processed orders related to more than three million unique first mortgage loans, purchase and refinance transactions," RealEC Technologies president Dan Sogorka told NMN. "Using MBA volume estimates for 2006, that means our system touched approximately 23% of all purchase and refinance transactions in the U.S. in 2006."

He said RealEC also processed orders related to more than 1.5 million unique home-equity loans. "In the last three years, we've had more than five million logins into our website and an average of more than 150,000 per month," he said.

"These milestones are important ones for RealEC and further reinforce its market leadership and the enterprise strength of its technology platform and business model," said Ron Frazier, president of Fidelity National Information Services' LSI division, a partner in the RealEC network.

"RealEC has become the accepted standard in the mortgage ...