Stewart Transaction Solutions strengthens end-to-end electronic real estate transaction with majority investment
Investment in Reveal Systems, Inc. expands Stewart’s online forms offerings
Houston, TX – Feb. 5, 2007 – Stewart Transaction Solutions, Inc. announced today it has made a majority investment in Reveal Systems, Inc., a leading forms provider for the real estate industry. Terms of the investment were not disclosed.
“With this investment, Stewart now provides online forms to the real estate brokerage, title insurance and mortgage lending industries with TrueForms™, AIM® online title documents and Online Documents Inc.’s forms solutions,” said Travis Wright, president of Stewart Transaction Solutions. “These forms solutions, coupled with Stewart’s electronic signature, SureClose® online transaction management system, eClosingRoom™ and eRecording for county recorders will move the industry even closer to the end-to-end electronic real estate transaction.”
“We are pleased to join the Stewart team,” said Karl Ziegler, president of Reveal Systems, Inc. “Working with Stewart will allow us to expand the reach and capabilities of our product offerings, including our flagship product TrueForms™. With TrueForms we automate any real estate or business forms from associations, MLSs, boards, franchises, builders and even individual company forms libraries.”
Wright continued, “The addition of Reveal’s products to the Stewart technology portfolio furthers our technology strategy to streamline the real estate transaction process. Our integrated solutions — including the SureClose online collaboration platform — will help keep the real estate agent at the center of the transaction with their clients.”
Reveal Systems products and services include the following: TrueForms premier real estate forms and contracts, TrueWire™ e-marketing tools, myTrueSite™ agent Web sites, Reveal Broadband™ internet services and TrueFunds™ financial software.
Stewart Transaction Solutions Inc. and Online Documents Inc. are wholly owned subsidiaries 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 http://www.stewart.com/.