HOUSTON (April 14, 2005) - REIData Inc. has launched PropertyInfo.com, a single point of access to both owned and third-party real estate information and integrated tools critical to real estate transaction processes.
PropertyInfo.com brings together the inclusive information and integrated tools that real estate and title professionals need on a daily basis: public records, aerial imagery, maps, search and extraction tools, editable reports and documents, and integrated processing applications that save title and real estate agents - and their customers - valuable time and resources.
"Up to now, real estate professionals had to go to several locations for the electronic information and applications they needed," said Don O'Neill, chairman of REIData. "With our newly announced portal, users will have access to parcel level and spatial data and images from one Web site, www.propertyinfo.com."
Through relationships across industries, REIData is assembling owned and third-party data and integrated processing applications into a single Web portal with broad access. By integrating the many disparate systems and technologies available today into a single point of access, the PropertyInfo.com portal offers greater efficiencies.
"A key benefit of this strategy is greater efficiencies that can result in higher production volume without increased overhead," added O'Neill.
An example of integrated efficiency is the SearchManager™ product available through PropertyInfo.com.
"SearchManager is an interactive application that title agents and examiners can use to search their own data, and integrate that with public and third party data to build title reports and commitments," said Robert Alcala, senior vice president, market management, REIData. "At the same time, they can support other needs of the title operation such as customer service and marketing."
Another key benefit is the breadth of products and services available through a single Web portal. Real estate and title professionals who are registered with PropertyInfo.com have access to online title searches and analyses, mapping technology, property analysis tools, tax records, document images, GIS imagery, title plant search capabilities, flood determinations, UCC search and file, MLS services - and the list goes on. This range of products and services is inclusive in its vision and delivery.
Depending on the product or service, geographic coverage is national, regional and local in scope.
"With PropertyProfiles™ for instance, real estate professionals can create reports on properties in many of the major population centers nationwide," said Brian Davenport, senior vice president and chief information officer for Stewart Real Estate Information. "All of our products and services are on a timeline for increasing coverage. But at this point, what really sets PropertyInfo apart is access to so many different types of owned and third-party information and tools from a single Web portal."
REIData serves the title, realty and lending markets in three primary ways: data access, integrated data applications, and online product distribution. REIData provides property transaction 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. More information about REIData is available at www.propertyinfo.com.
REIData Inc. is a wholly owned subsidiary and Stewart Real Estate Information is a division of Stewart Information Services Corp. (NYSE-STC), a technology driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services through more than 7,800 policy-issuing offices and agencies in the United States and a number of international markets. Stewart delivers via e-commerce the services required for settlement by the real estate and mortgage industries. 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.
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