With Acquisition, Stewart Transaction Solutions enters the business of online forms for Residential Real Estate Professionals
Acquisition of Formulator Forms adds to Stewart’s online product offeringsto support the electronic real estate transaction process
Houston, TX – Jan. 22, 2007 – Stewart Transaction Solutions, Inc. announced today its acquisition of Formulator and key product, WebForms from Realigent. Stewart acquired Formulator on Jan. 4, 2007.
Formulator is an innovative online forms provider in the real estate industry. Introduced in 1992, the forms product has evolved from a DOS-based application, to Windows®, and over the past 15 years has matured to the current online Web-based format, WebForms.
“Stewart has been a leader in providing online forms solutions for mortgage lenders since 1995 with its subsidiary Online Documents Inc., and similarly Stewart has deep expertise in online forms for title agents, including its AIM® online title document libraries servicing all 50 states,” said Travis Wright, president of Stewart Transaction Solutions. “The acquisition of this realty forms provider is a natural compliment to Stewart’s ‘expertise’ in online forms and document management systems.”
“Stewart welcomes the addition of Formulator Forms to its growing portfolio of electronic transaction solutions,” Mike Davis, chief executive officer of Stewart Transaction Solutions and chief information officer of Stewart Information Services Corp. “Stewart Transaction Solutions currently provides the real estate industry the SureClose® transaction management platform, AIM® title and escrow production systems and electronic signature platforms.”
Stewart’s forms solutions and its SureClose transaction management system are ‘open platforms’, and are available for integration to non-Stewart online applications, including other transaction management and online forms applications.
Stewart Transaction Solutions, Inc. 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 http://www.stewart.com/.