Stewart Mortgage Information Announces Alliance With Houston Law Firm

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HOUSTON (Oct. 16, 2002) - Stewart Mortgage Information (SMI), a wholly-owned subsidiary of Stewart Information Services Corp. (NYSE-STC), has announced an alliance with Gregg & Valby, L.L.P., to provide post closing services to the firm's mortgage broker clients.

Gregg & Valby, L.L.P. is a Houston-based law firm specializing in providing nationwide document preparation and contract closing services to the mortgage lending industry. SMI will provide Gregg & Valby clients with collateral file preparation and delivery, imaging, investor delivery, work investor exceptions, FHA/VA insuring, quality control, trailing docs, recordation and document retrieval.

"We are pleased that Stewart can provide the solution and expertise for this business need," said Barbara Kasza, president, Mortgage Management Services Division and senior vice president, SMI. "Our reference list for post-closing services includes some of the largest lenders in the country - something no other company can say."

"We are very excited to be partnering with Stewart in marketing post-closing services," said Scott R. Valby, partner, Gregg & Valby. "Our firm has respected the Stewart family of companies for many years, and we believe Stewart Mortgage Information brings significant expertise and cost-effective solutions to our mortgage lending clients."

About SMI
Incorporated in 1994, Stewart Mortgage Information (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.

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 6,200 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.

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