Stewart strengthens eMortgage platform with electronic vault management system
Stewart unveils the electronic vault management system at the annual Mortgage Bankers Association Technology Conference
HOUSTON, TX - March 26, 2007 - Stewart announces the release of its complete electronic vault management system at the Mortgage Banker Association (MBA) Technology Convention in Tampa, Fla., on March 25-26, 2007.
The Stewart electronic vault is designed to store, maintain and transfer original electronic loan documents. In conjunction with other Stewart solutions, the electronic vault expedites a full end-to-end eMortgage process.
"Our newly-developed electronic vault management system coupled with SureClose® collaborative eDocument management platform, revolutionary eClosingRoom™, eSignature and eRecording technologies, positions Stewart to offer the mortgage industry a seamless solution to support a total paperless process," said Tim Anderson, vice president of eMortgage Services, Stewart Lender Services. "Our electronic vault is not just about secure storage, it’s about the ability to electronically manage, pool, allocate and deliver eLoans to anyone in the mortgage industry."
The Stewart electronic vault is built ontechnology fromthe leading electronic signatureand vault management solution provider,Silanis Technology.
"This new offering from Stewart will further the adoption of eMortgages by assuring lenders and investors that electronic mortgage transactions are secure, enforceable and transferable to the secondary market," says Michael Laurie, vice president of strategic development for Silanis Technology. "We are very pleased to be working closely with a company like Stewart that is taking a leadership position to improve the real estate and mortgage transaction process."
Stewart’s electronic vault securely stores eNotes according to the Mortgage Industry Standards Maintenance Organization (MISMO) and other industry standards and guidelines. It also integrates with MERS® (Mortgage Electronic Registration System) eRegistry and eDelivery to support vault-to-vault transfers, accelerating the delivery of eNotes to the secondary market.
The multiple levels of security rights provided by Stewart’s electronic vault allows users to search and pool eNotes, grant role-based viewing access, track the transfer of documents and perform real-time document audit trails.
"At Stewart, we develop technologies to facilitate the complete eTransaction with all parties involved in a paperless process," said Anderson. "Our electronic vault management system demonstrates how we are truly digitizing the mortgage process from loan origination to eClosing and eDelivery."
Visit Stewart at the Annual Mortgage Bankers Association in Meeting Room #14 for more information, presentation times are as follows:
- Monday, March 25, 2007 at 10:00 a.m.
- Tuesday, March 26, 2007 at 3:00 p.m.
About Stewart Transaction Solutions
Stewart Transaction Solutions is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-oriented, technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com or www.stewarttransactionsolutions.com.