The NRECC Brings Safety, Efficiency and Same-Day Liquidity to U.S. Real Estate
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ORLANDO, Fla. - illiNews -- The National Real Estate Clearing Corporation - NRECC – will serve as the premier real estate infrastructure in the industry, advancing the automation, centralization, efficiency, standardization and simplification of processes critical to the safety and soundness of real estate transactions.  Its functions for real estate can be collectively assimilated to those of the DTCC, a transfer agent and a clearing house for securities.

The NRECC will establish a uniform transactional hub for all U.S. real estate; specifically, the residential market, estimated at $49.7 trillion, as well as, the commercial real estate market, estimated at $22.5 trillion.

Similar to the daily functions of the DTCC for securities, the NRECC will make-up and fill-in the time and functional gaps in real estate transactions by providing a streamlined settlement process for purchases, sales, exchanges, liens, pledges, hypothecations and other styled real estate dealings.  As a result of this facility, the standard real estate transaction will become a same-day operation, thereby, providing the equivalent liquidity to real estate as enjoyed by securities such as stocks and bonds.

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For the consumer, along with many other direct and indirect benefits, the NRECC will shave-off billions of dollars in real estate transactional costs resulting in lowered home pricing and greater affordability.

The NRECC was established to modernize real estate transactions, reduce costs and bring cash-liquidity to an asset-class typically associated with numerous expenses, volumes of paperwork, time-consuming processes and a market available to a select few.  Its focus is to drive positive change and to leverage its unique market position to further anticipate the real estate market's future needs and respond with solutions that lower costs, improve efficiency and bring stability and certainty to the industry served.

Additionally, the centralized clearing and processing by the NRECC will mitigate fraud, increase transparency, enhance performance and drive efficiency for millions of property owners, agents and brokers, lenders, lien holders, banks, insurance companies, REITS, investors and many others.

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For more information regarding the NRECC including membership and participation, please contact the NRECC at info@NRECC.net / www.NRECC.net.