Parse with XML Builder, or use something else (like REXML)?

I now have to parse out a response document and am not sure if
Builder has some function to assist in this (which is the reverse of
what I've been doing), or if I should use REXML, or even some other lib.
REXML looks to do what I want, but I'm confused as to how it relates to
Builder, and/or vice-versa, or if at all.

Builder and REXML aren't related.

That said, REXML is just the ticket for parsing XML. XmlSimple is also good, and I actually prefer it in some ways.

This Yahoo! article actually has a good overview of parsing XML in Ruby with examples using both REXML and XmlSimple, so you can compare the differences in flavour.