ATS will offer electronic title search package via PropertyInfo.com™
HOUSTON (Jan. 18, 2007) – PropertyInfo Corp. has announced the acquisition of a proprietary title search application, Advanced Title Search (ATS), from CST Title Abstractors, LLC. The application provides efficiently managed title searches from a broader variety of data sources, both public and private.
Offered by PropertyInfo, ATS will offer title agents a Web-based automated search tool that:
- creates a consolidated property Title Search Report (TSR) from various public and private databases
- applies rules-based search analysis technology
- delivers an electronic title search package to the title professional
In addition, the package includes a data file that is importable to existing title order management systems, such as AIM® (a product of Stewart Title) or SoftPro® (a product of SoftPro, part of the Fidelity National Financial family) to reduce keying errors and save key strokes.
“We are excited to add this leading-edge technology,” said Pat Vaden, president and chief executive officer, PropertyInfo Corp. “Our customers’ productivity will substantially increase while enjoying lower search costs.
“We are placing ATS under the direction of Tom Abbate, a 29-year title professional who is president of PropertyInfo’s title services division,” added Vaden. “We are confident that the newly acquired search application will add dynamic strength to our current title-service offerings, and fits in well with our larger plan to reduce title-search costs and fully integrate the title-search process.”
The acquisition was completed in early January. The product is already being deployed in a number of counties, and soon will be offered via the PropertyInfo.com real estate information portal at http://www.propertyinfo.com/.
PropertyInfo Corp. is a wholly owned subsidiary of Stewart Information Services Corp.(NYSE-STC).
As a real estate information provider, PropertyInfo serves the title, realty, lending, insurance, builder/developer, government and legal markets via data access, integrated data applications, hosting services, software development and online product distribution through its Web portal, PropertyInfo.com. It 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 PropertyInfo is available at http://www.propertyinfo.com/.
Stewart Information Services Corp. is a customer-centric, 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/.