HOUSTON (Aug. 31, 2006) - Stewart Geo Technologies has created Stewart re-source Inc., a new company to market the Web-based, commercial real estate information product of the same name. Former Stewart Geo Technologies president and chief executive officer (CEO) Kas Ebrahim will now serve as the new company's president and CEO.
Stewart re-source will remain a wholly owned Stewart subsidiary, now reporting under REIData Inc.
"We have had a tremendous market response to re-source," said Ebrahim. "Our goal to grow re-source to one of the leading products in the real estate information market will benefit from having a dedicated, world-class management team in addition to proficient sales and software development personnel.
"With re-source, we feel we are entering an entirely new era for online property information and search tools," added Ebrahim.
Stewart re-source is a site analysis tool used by commercial real estate professionals, including developers, lenders, brokers, insurers and investors. It also can be licensed as an application by small-to-medium-sized municipalities to offer access to property information and associated market data as offered by large economic development agencies.
"We are pleased that Kas will be dedicating his full time efforts to building this great commercial offering Stewart re-source," said Hank Rush, president, REIData. "This new product has already gained great traction in its market, and is a solid compliment to our already established PropertyInfo.com national offering."
REIData Inc. is a wholly owned subsidiary of Stewart Information Services Corp. As a real estate information provider, REIData serves the title, realty and lending markets via data access, integrated data applications, and online product distribution through its Web portal, PropertyInfo.com. REIData provides real estate transaction professionals with the electronic data and integrated applications needed to increase their business efficiency and improve the quality of information used throughout the real estate transaction process. More information about REIData is available at http://www.propertyinfo.com.
Stewart Information Services Corp. (NYSE-STC), is a 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 9,000 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, mortgage default management solutions, 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.