Home closings 'Go Green' in the Rocky Mountain region

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Stewart Title of Colorado in Vail offers a whole new level of service with electronic closings

Houston (Jan. 28, 2008) – Stewart Title of Colorado Inc., Vail Division completed the first electronic closing in the Rocky Mountains via eClosingRoom™, Stewart Title’s electronic closing platform.

“In Vail, closing your home is now as easy as finding fresh powder snow in January at this local Stewart Title office,” said Julie Heaton, director of marketing for the Vail office. “Today with the Stewart eClosingRoom we are able to offer our customers an eco-friendly alternative to traditional paper-based closings. To expedite the closing process for real estate agents, title agents, lenders, home buyers and sellers and refinance customers, we provide the closing and upfront documents online – essentially eliminating the paper from the process.”

The eClosingRoom is fully integrated with SureClose®, a paperless transaction management system. With eClosingRoom, home buyers and sellers can easily access and preapprove most of the necessary documents online via SureClose prior to closing. SureClose serves as the primary communication and document delivery vehicle where title agents, real estate professional and lenders meet to compile the entire closing package. Accessed through a password-protected Web site, SureClose allows individuals to view each step of the real estate transaction process as it unfolds.

“Prior to arriving at the Stewart Title office, our customers had reviewed and approved the majority of their documents online and at their own convenience in the eClosingRoom,” said Chris Neuswanger, loan officer for Macro Financial Group, the lender in the transaction. “The transaction was completed using an electronic signature pad connected to the office computer. The customer was able to sign the remaining closing documents in a matter of 10 minutes!”

“SureClose with the embedded eClosingRoom technology helped us provide a whole new level of service to these homeowners,” said Heaton. “Our office and the local lender met online prior to the closing to organize the closing and all necessary documents to make it happen, then made it available to the borrower – saving them both time and money. And all parties received a CD-ROM at closing with their final closing package at the completion of their signing. In addition, the home buyers have the ability to access their documents at any time after closing via SureClose.com.”

Stewart’s electronic closing is offered via PropertyInfo Corp., a Stewart Company.

About Stewart

Stewart Title of Colorado, Stewart Title and PropertyInfo Corporation are wholly owned subsidiaries of Stewart Information Services Corp. (NYSE-STC), a 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 http://www.stewart.com.

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