Tuesday June 12, 12:58 pm Eastern Time

eMagic.com to Utilize RealEC Exchange to Broaden Its Vendor Network Services

SANTA ANA, Calif., June 12 /PRNewswire/ -- RealEC Technologies(TM), the industry's leading secure B2B e-commerce exchange for real estate transactions, today announced a collaboration with eMagic.com, the leading B2B e-commerce mortgage finance industry hub, to broaden the services and vendor selection capabilities available through eMagic.

This collaboration strengthens the long-standing relationship between the two companies. eMagic utilizes RealEC to order flood zone determinations. Through the integration of the RealEC Exchange(TM) and Transaction Suite(TM), the eMagic vendor network will expand access to additional lender services and increase its selection of service providers from the RealEC network, giving eMagic clients options to order products and services from additional RealEC- connected service providers.

Expanded product categories being evaluated include: credit reporting, automated property evaluations, property appraisals, title/escrow/closing services. Additional options to the contract will enable RealEC Exchange subscribers to order automated underwriting, contract underwriting services and evaluation/purchase of Mortgage Insurance from parent company Mortgage Guaranty Insurance Corporation (MGIC) through eMagic.

"No other service provider has the degree of market-tested experience as RealEC's enabling technology," said Jeff Sanderson, RealEC Technologies president. "By saving front-end supply chain activities, this private label agreement with eMagic introduces a new technology to the mortgage brokers and will significantly enhance their businesses," Sanderson said.

"Our goal with eMagic is to provide our users access to their business partners," said Sal Miosi, senior vice president of business operations for eMagic. "With RealEC, we can broaden our selection of services and vendors."

Designed to facilitate the origination, servicing, statusing and closing of real estate transactions and to enable real estate practitioners to significantly enhance their businesses, RealEC provides integrated solutions through the following core components: The RealEC Exchange(TM) is an intelligent routing process that offers traditional transaction capability and provides a standardized connectivity and data transport functionality for originators and vendors involved in the transaction. It also handles data translation, facilitates rapid information flow while integrating seamlessly with vendors' production systems.

The RealEC TransactionSuite(TM) offers order management, status tracking and coordination by intelligently managing vendor selection and coordinating the flow of an entire real estate transaction process using a software solution and tools that enable online collaboration. A suite of transaction-based products RealEC was created to add value to Lender and Realtor channels and was designed to increase the flow of orders to RealEC Service Providers. The suite of integrated solutions targets all parties to a real estate transaction in both the residential and commercial arenas. RealEC Technologies is an affiliate of Micro General Corporation (Nasdaq: MGEN - news), a leading full-service enterprise solutions provider of real estate industry applications and e-Commerce, and Stewart Title Company is the minority owner of RealEC Technologies.

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. RealEC provides integration services, installation resources, sales support, and customer/help desk support designed to ensure successful implementation of this robust B2B exchange. Through one connection, the RealEC Exchange enables mortgage originators to conduct I-business with more than 2,000 service providers while linking the widest range of direct connections to providers. RealEC's "iSelect" personalized vendor selection tool specifies product type while automating a lender's pre-determined selection of vendor. For more information call 949-622-3927 or go to: www.realec.com.

About eMagic.com
eMagic.com LLC is an e-commerce subsidiary of Mortgage Guaranty Insurance Corporation (Nasdaq: MGIC - news), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG - news), which is headquartered in Milwaukee, Wisc. eMagic.com is dedicated to bringing all of the components for originating a home mortgage loan together, making the process of ordering mortgage-related products and services more efficient across all potential business channels. eMagic.com is an open, neutral website, which will continue to expand its product and service offerings to bring value and efficiency to the mortgage originator while facilitating and promoting wholesalers' brands. For more information, call: 1-800-440-1625.

About Micro General Corporation
Micro General Corporation is a full-service enterprise solutions enabler offering a complete range of information technology services. Primary expertise is found in the areas of systems integration, application development, eCommerce and real estate industry applications. Services include Internet enabling software and technologies; title, trust accounting, escrow and real estate related software development; and eCommerce transaction and document management capabilities. With more than 400 current installations, other service offerings encompass software and hardware installation, training and support capabilities. Micro General's operating subsidiaries and affiliated companies employ more than 500 individuals nationwide, primarily in professional and technical positions. To learn more about Micro General Corporation, visit our Website at: www.microgeneral.com or call (949) 622-3927.

About Stewart Information Services Corporation
Stewart Information Services Corporation is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related services through more than 5,300 issuing locations in the United States and several international markets. A leading provider of real estate information technology and connectivity, Stewart meets the needs of the real estate and mortgage industries through the electronic delivery of services required for settlement. In addition, Stewart provides expertise in tax-deferred exchanges, surveys and field services. More information about Stewart can be found at www.stewart.com.

This press release contains forward-looking statements. The words "believe," "expect," "intend," "anticipate," "will" and "project," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward- looking statements are subject include, but are not limited to, the effect of government regulation, competition and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

SOURCE: RealEC Technologies