Representatives from across the Industry Band together to Raise Adoption of eMortgage Services
HOUSTON, TX – Feb. 27, 2007 – Vice president of eMortgage services, Tim Anderson, eMortgage industry veteran,has joined the 2007 Mortgage Bankers Association (MBA) Residential Technology (ResTech) Steering Committee's eMortgage Adoption Task Force. Anderson will represent Stewart as an eMortgage industry leader, to further educate and create industry awareness while promoting eMortgage adoption.
"I am honored to be a part of the eMortgage Adoption Task Force," said Anderson. "This is a group that has been hand-picked by the MBA ResTech group to educate the primary and secondary market investors on eMortgage initiatives to encourageinvestor participationand create incentives fortheir seller clients to adopt eMortgages."
According to the MBA, the eMortgage Adoption Task Force was created to identify specific issues around eMortgage adoption in the industry, to examine those issues with a cross-section of industry leaders and thinkers, and to develop solutions or pathways that will help the industry move more quickly into eMortgage implementation.It is also intended to serve as a "hub" to help coordinate the many different eMortgage-related efforts the MBA and other industry groups have undertaken.
Anderson brings more than 25 years of mortgage banking and management experience tothe newly created team.
"At Stewart, we develop technologies to facilitate the complete eTransaction with all parties involved in a paperless process—from technologies forlenders,real estate agents and title agents," said Anderson. "In 2007 we are poised to offer technologies to digitize the mortgage process from loan origination to eClosing and eDelivery to the secondary market.
"Our participation in the eMortgage Adoption Task Force will help create a unique market differentiator, while promoting another leap forward in the industrywide transformation to the electronic real estate transaction," said Anderson.
The task force will hold monthly conference calls and also facilitate several face-to-face meetings to allow for more in-depth discussions during the year.
About Stewart Transaction Solutions
Stewart Transaction Solutions is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-oriented, 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.