HOUSTON (June 2, 2004) - C. Alan Paylor, a 25-year veteran of the financial services industry, has joined Stewart Mortgage Information to form a new entity offering a full array of default management and technology solutions supporting the mortgage and the consumer financial services industries.
"Throughout his career, Alan has produced positive results for clients across the financial services industry," said Don O'Neill, chief executive officer, Stewart Mortgage Information. "His long experience in the cross-sell mortgage marketplace and his track record with complicated integration projects make Alan an ideal addition to our senior executive team. I am pleased to have him on board and look forward to his innovative leadership."
Paylor previously served as general manager of Symetrix Inc., a company that has specialized in default management for 20 years, and as regional vice president with Computer Sciences Corp., a global provider of financial outsourced solutions in their Banking and Financial Solutions Group.
He has experience with application processing, business outsourcing and loan servicing within banks, insurance and finance companies. Paylor also has held business development and sales positions with Fidelity/ALLTEL AIS and First American Real Estate Information Services Inc. He received his Juris Doctorate from the University of West Los Angeles, Calif.
About Stewart Mortgage Information
Stewart Mortgage Information (http://smi.stewart.com) is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC). Incorporated in 1994, SMI 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.
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 7,500 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 and background checks. Stewart also supplies post-closing services to lenders, automated county clerk land records, property ownership mapping and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.