Stewart expands eMortgage offering with electronic disclosure solution

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BOSTON (Oct. 15, 2007) – Stewart announces the release of its electronic disclosure solution designed to automate the lender’s initial disclosure process.  Stewart’s eDisclosure solution provides the ability for lenders to electronically transmit and display initial disclosure documents to their borrowers in a secure, online, consumer-friendly environment for electronic  acceptance.

“The new electronic disclosure solution eliminates the need for lenders to print and mail their initial disclosure documents to the borrowers,” said Jason Nadeau, senior vice president of eLender business for PropertyInfo Corp., a Stewart company. “In addition to automating the process of delivering the disclosures, lenders have the ability to utilize Stewart’s subsidiary, Online Documents Inc., as the provider of the disclosure packages.” 

Lenders can leverage and simplify the eDisclosure process to its fullest by ordering compliant, warranted Initial Disclosures packages through Online Documents Inc.  

Online Documents Inc. provides compliant three-day Initial Disclosure and Closing Document packages for all 50 states within minutes of a request – 24 hours per day, seven days per week.  The company provides reporting on the status of the eDisclosure package and offers services to print and mail packages when not electronically viewed or accepted.

In addition to displaying initial disclosure documents to borrowers, Stewart’s eMortgage suite now provides the lender with a complete paperless solution starting with electronic disclosures, closing electronically and ending with storage in Stewart’s eMortgage Manager electronic vault along with MERS® eRegistration and electronic delivery to investors.

“Stewart’s eMortgage solution is uniquely positioned in the market by being the most complete, end-to-end solution for a lender,” Nadeau continued. “Recent market and regulatory changes have increased the immediacy to innovate and dramatically improve the process. I believe Stewart is the only organization that contains all the necessary components to lead in the eMortgage space.”

Stewart’s eMortgage solution provides the lender a complete solution including electronic disclosures, electronic-document sharing and collaboration through SureClose®, creation of compliant SMARTDocs through Online Documents’ eMortgageDocs™, borrower review of closing documents, electronic signing of non-notary documents, eClosing through Stewart’s eClosingRoom™, eNotarization of notary documents, electronic vaulting, eDelivery and eRecording.

“Stewart is committed to providing our lender partners with significant improvements in the loan closing and settlement process,” said Stewart Morris Jr., president and co-chief executive officer of Stewart Information Services Corp. and chairman of PropertyInfo Corp. “Our organization has been the leader in innovation around the closing experience and through our embrace of eMortgage innovations, we will greatly enhance consumers’ closing experience. Ultimately, this is about serving the customer and driving more loans to our partners through an improved and differentiated closing experience.”

Visit Stewart at Booth #1438 and Online Documents Inc. at Booth #1466 at the 94th Annual Mortgage Bankers Conference for more information. Presentations on “eMortgages: a better way to business” will take place in the Stewart booth at the following times:

  • Sunday, October 14, 2007                  5:00 p.m.
  • Monday, October 15, 2007                 10:15 a.m., 2:15 p.m., 4:30 p.m.
  • Tuesday, October 16, 2007                10:15 a.m., 2:15 p.m., 4:30 p.m.

About PropertyInfo Corporation

PropertyInfo Corporation 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 www.propertyinfo.com/or e-mail smarttechnology@propertyinfo.com.

About Online Documents, Inc.

Established in 1988, Online Documents (www.onlinedocuments.com/) provides compliant mortgage documents and related services to lenders, nationwide.  Online offers Web-based and desktop installations (Online Express™ Web and Online Express™) for local lenders and more comprehensive enterprise solutions, including MISMO data feeds (Integration Manager™) for regional and national lenders. Online delivers Initial Disclosures and Closing Document packages via the web and to local print destinations within minutes of an order, 24/7. Additionally, Online provides Print and Mail Services for Initial Disclosures from its central processing center and offers unique support to Attorneys who prepare and draw documents for lender clients through its advanced Document Review Manager™ technology.

About Stewart

PropertyInfo Corporation and Online Documents Inc. 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 www.stewart.com/.

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