HOUSTON (April 16, 2002) - Stewart Information Services Corp. (Stewart) (NYSE-STC) announced that Darren G. Ross, director of electronic commerce, was elected to serve as co-chair of the Standards Committee for the Property Records Industry Joint Task Force.
The Property Records Industry Joint Task Force is a committee of the National Association of County Recorders, Election Officials & Clerks (NACRC), and is co-sponsored by the International Association of County Recorders, Election Officials & Treasurers (IACREOT). The Task Force is the first national group formed to jointly represent the public and private sectors of the property records industry. NACRC is the largest affiliate of the National Association of County Officers (NACO), which serves as the unified voice of county government in Washington, D.C., and advances the concerns of county officials in the legislative process.
"It is a privilege and an honor to serve as co-chair of the Standards Committee and to continue to contribute to the enhancement of public land recordation practices through the work of the Task Force," said Ross.
Ross also serves on the Task Force's Technology Committee XML Electronic Recording Workgroup, which recently presented its draft guidelines for Electronic Recording Standards. The standards are a culmination of efforts to define business requirements, process flows and a proposed XML data standard for facilitating the electronic filing, recordation and delivery of public land records relating to real estate transactions. The draft of the Electronic Recording Standards has been circulated for public comment, and the Technology Committee will seek final endorsement and adoption at a June 2002 meeting to make them the National Standards.
"The high level of commitment and participation from such elite representatives of both the public and private sectors is a testament to the caliber of the proposed Electronic Recording Standards and positions us for success in our efforts through industry adoption and implementation," said Ross.
Ross provides direction for development and implementation of e-commerce and e-business standards and practices for Stewart in its mission to enhance the real estate transaction process. He is also a member of the Systems Committee of the American Land Title Association (ALTA), the Strategic Implementations Workgroup of the MBA/MISMO Technology Workgroups, and the MISMO Title Insurance XML Workgroup.
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 5,900 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 and background checks. 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.