Stewart launches innovative approach to closing loans
New electronic closing table technology now available
DALLAS (Mar. 14, 2008) – Today, Stewart announced the launch of their new TouchSign™ technology, which converts the traditional closing table from pen and paper to digital documents and touch screens. The Touch-to-Close™ solution will begin deploying through Stewart’s extensive network of offices and agencies this month.
Stewart’s TouchSign solution allows consumers to perform the real estate closing simply by the touching of a finger to the computer screen in compliance with applicable regulations. Consumers are able to navigate through their closing documents by tapping the TouchSign screens to provide their consent and signature for closing documents.
"The TouchSign closing process provides the ultimate closing experience for the consumer," said Jason Nadeau, senior vice president Stewart eMortgage Solutions, a division of PropertyInfo Corporation, a Stewart company. "Even consumers who are not familiar with a keyboard or a mouse are able to quickly and easily close their transactions. In addition, closings using this platform are accomplished in 20 minutes or less."
The TouchSign kiosk is designed to work with Stewart’s eClosingRoom™ technology, incorporating the company's patent-pending process for the electronic closing of a real estate transaction. Through this solution consumers are able to accept and review documents over the Internet. At the closing table the consumer simply touches the screen to move through and sign documents. The touch screen-based solution is designed to accommodate all consumers regardless of their experience with a computer or any physical impairment that may make reading documents or signing a difficult task.
"Moving to electronic closings is not simply a technology implementation," said Stewart Morris Jr., president and co-chief executive officer of Stewart Information Services Corp. and chairman of PropertyInfo Corp. "We cannot forget that the closing of a transaction is a stressful and significant experience for the consumer, and the consumer experience must be preserved. The new TouchSign solution helps to eliminate a great deal of stress."
"At Stewart Title, we are dedicated to providing the consumer with the highest level of service and quality, whether it’s a paper or electronic closing," Morris continues. "Our newest approach to electronic closings vastly improves the experience for all consumers."
About Stewart eMortgage Solutions
An innovator in eMortgage solutions, Stewart provides lenders with a complete eMortgage solution suite including electronic disclosures, document sharing and collaboration between all parties, electronic closing technology, a network of electronically enabled offices, electronic vaulting, electronic MERS registration and electronic investor delivery of loan documents. For more information, visit www.eClosingRoom.com or e-mail eMortgageSolutions@stewart.com.
About PropertyInfo Corporation
Stewart eMortgage Solutions is a division of PropertyInfo Corporation, a Stewart company. PropertyInfo delivers state-of-the-art real estate information solutions to the real estate, closing and mortgage industries. As a global provider of online transaction management and e-closing solutions, real estate information services, title/escrow production systems, hosting services, software development and online product distribution via its Web portal, PropertyInfo.com, PropertyInfo provides title and real estate 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. For more information, visit http://www.propertyinfo.com/or e-mail mailto:firstname.lastname@example.org.
PropertyInfo Corporation, a Stewart company, is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), customer-driven, technology-enabled, strategically competitive, real estate information, title insurance 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 www.stewart.com.