Houston (Sept. 16, 2003) - Stewart Mortgage Information (SMI), a wholly owned subsidiary of Stewart Information Services Corporation (NYSE-STC), has renewed its agreement with ABN AMRO Mortgage Group Inc., to provide flood determination services and certain Home Mortgage Disclosure Act (HMDA) information to ABN AMRO Mortgage Group's mortgage, consumer, retail, multi-family lending and servicing operations. Through direct and dial-up integrations, ABN AMRO Mortgage Group and its affiliates interface with SMI to order and retrieve standard and life-of-loan flood zone determinations. SMI also performs life-of-loan monitoring and quality control audits for their servicing portfolio.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group, Inc. is an affiliate of ABN AMRO North America, Inc., a bank holding company with assets totaling more than $170 billion. Its parent company ABN AMRO N.V. is one of the world's largest banks, with total assets of more than $500 billion and more than 3,500 locations in 76 countries and territories. ABN AMRO Mortgage Group consists of all the mortgage operations of ABN AMRO North America, Inc. These include ABN AMRO Mortgage, InterFirst Wholesale Mortgage Lending, LaSalle Home Mortgage, ABN AMRO Apartment Lending and LaSalle Bank and Standard Federal Bank Retail Mortgage operations.
Incorporated in 1994, SMI (http://smi.stewart.com) is a leading provider of mortgage information and services that accelerate loan origination and improve the performance of the post-closing function. SMI offers its services to lenders based on the life cycle of the loan process - from origination through post-closing to servicing. Origination services include credit reports, title reports, flood determinations, collateral assessments, document preparation, centralized funding and other real estate information. The post-closing solutions include assignments, document retrieval, lien recordation, pool certification, full legal review, lien release and research. Customers nationwide rely on SMI's expertise and integrated technology to provide solutions for their settlement needs.
Stewart Information Services Corp. is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 6,900 issuing locations in the United States and several international markets. Stewart meets the needs of the real estate and mortgage industries through the delivery of information services required for settlement using e-commerce. These services include title reports, flood determinations, property appraisals, surveys, document preparation, property reports, background checks and online property auctions. Stewart also supplies post-closing services to lenders, automated county clerk land records and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.