HOUSTON (March 17, 2003) - Stewart Information International Inc. and Stewart Mortgage Information (SMI), both wholly owned subsidiaries of Stewart Information Services Corp. (NYSE-STC), together presented a wide range of services and solutions at MIPIM, The International Property Market, held March 4-7, 2003, in Cannes, France.
"Increasingly, we find that players in the international real estate market abroad are seeking solutions in a number of areas, including title assurance, real estate information and mortgage securitization," said Don O'Neill, president and chief executive officer of Stewart Mortgage Information Company(SMI) and group president of Stewart's Real Estate Information Group. "The MIPIM conference is a place where we can connect with these parties, including governments and other public entities, that want to modernize or automate their land records and access to property information systems, as well as settlement procedures in their region."
Through its international division, Stewart Information International Inc., Stewart operates in 40 countries around the world. At MIPIM, the company demonstrated its particular expertise in creating unique title and settlement solutions based on local law and custom, as well as aerial mapping and geographic information systems (GIS), land registry automation systems and tax/fee collection systems.
Through its international division, Stewart Information International Inc., Stewart operates in 40 countries around the world. At MIPIM, the company demonstrated its particular expertise in creating unique title and settlement solutions based on local law and custom, as well as aerial mapping and geographic information systems (GIS), land registry automation systems and tax/fee collection systems.
Stewart is the only corporation in the world with the three capabilities of computerized parcel mapping, automated production and management of land records, and guarantee of the validity of ownership and mortgages. The company also is a leader in land privatization and real estate market development.
"Stewart's core belief is that social stability and increased prosperity is achieved when private citizens and businesses own their own land, homes and buildings," noted Jeannie Osborne, president and COO, Stewart Information International. "Helping forward-looking lenders in the United States and abroad modernize their settlement procedures is an essential part of our mission."
MIPIM is an annual international real estate conference for property investors and end-users from more than 65 countries around the world. Stewart's team at MIPIM were able to converse with stand visitors in English and five other languages, including French, Italian, Spanish, Polish and Turkish.
About SMI
Incorporated in 1994, SMI (www.smiservices.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.
About Stewart
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 6,400 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, document preparation, property reports, background
checks and online property auctions. Stewart also supplies post-closing services
to lenders, automated county clerk land records, cadastral mapping services,
and GIS for governmental entities. Stewart provides expertise in tax-deferred
exchanges. More information about Stewart can be found at www.stewart.com.
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