Online Documents Inc. announces virtual eHUD to assure compliance with Truth-In-Lending and to avoid predatory loans at closing

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CONCORD, CALIF. (March 22, 2005) - Online Documents Inc., a subsidiary of Stewart Mortgage Information (SMI) has introduced its virtual eHUD, which will enable lenders to work with closing agents, assuring Truth-In-Lending and other documents conform to fee changes made at the time of closing.

Online's eHUD can also be linked with third-party compliance providers to assure fee changes at closing do not result in high-cost or predatory loans. Online's virtual eHUD will be featured at the National Technology in Mortgage Banking Conference & Expo in Orlando, Fla., March 29-April 1.

Joan Ingham, president of Online Documents, said, "Online's eHUD will assure lenders that fee changes made at closing are reflected in the final loan documents. Detection of fee changes and correcting loan documents prior to closing eliminates substantial risks, costs and penalties faced by lenders in the past."

Online Document's virtual eHUD is a collaborative, Web-based platform provided to the lender, closing agent and other authorized parties. Once loan documents are created, the closing agent receives an e-mail confirmation and logs onto Online's virtual eHUD to complete the HUD-1 in an electronic format.

Final fees are input by the closing agent, calculations are rerun and the transaction is passed through the lender's business rules. If resulting calculations cause the loan to be out of compliance with Truth-In-Lending regulations, the lender is automatically notified by the eHUD platform in order for loan documents to be redrawn and provided for loan closing. Using XML Web services, the transaction can also be delivered to third-party compliance vendors to assure that last-minute fee changes do not result in high-cost or predatory loans.

"Our virtual eHUD, like our eMortgageDocs™ (SMART Docs), is another example of leading-edge technology being provided by Online," said Stacey Louie, vice president for information technology, Online Documents. "It is our job to anticipate the needs of our lenders and to create technology solutions that eliminate errors, save money and accelerate the process. The virtual eHUD accomplishes these objectives."

The virtual eHUD integrates with the lender's loan origination system (LOS) through an XML Web service and can also work in tandem with Online Express™ and Online Express™ Web, other Online Documents products.

"The virtual eHUD solves one of the most challenging post-closing problems facing lenders today," said Terry Ward, CMB, vice president for corporate development, Online Documents. "Eliminating compliance issues before they occur will be an invaluable service to our lenders."

About Online Documents Inc.

Established in 1988, Online Documents ( provides compliant mortgage documents and related services to lenders, nationwide. Online offers desktop installations for local lenders and more comprehensive 100 percent interface solutions for regional and national lenders. Online delivers Initial Disclosures and Closing Document packages via the Web and to local print destinations within minutes of an order, 24/7. Additionally, Online can print and mail Initial Disclosures from its central processing center.

About SMI

Stewart Mortgage Information ( is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC). SMI is a leading provider of mortgage information and services that accelerate loan origination and reduce costs of post-closing functions. SMI meets the needs of the real estate industries through the delivery of information services required for settlement using e-commerce, including credit, valuation products, nationwide title and settlement services, flood determinations, electronic mortgage document preparation, background checks and a variety of post-closing & investor delivery services.

About Stewart

Stewart Information Services Corp. is a technology driven, strategically competitive, real estate information and transaction management company providing title insurance and related information services through more than 7,800 policy-issuing offices and agencies in the United States and a number of international markets. Stewart delivers via e-commerce the services required for settlement by the real estate and mortgage industries. 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


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