HOUSTON - (Aug. 27, 2003) Landata Systems, Inc., a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), announces the availability of Stewart Prior Files, version 2.6. The program includes an enhanced file detail screen with new fields that allow users to access additional data harvested from the VAX AIM® system.
The new fields, including lien of record, title vested in, exceptions and taxes, were added to the fields already available, including legal description, policy names and other property information such as address, buyer/seller and policy effective date.
"This brings us closer to our goal of having Stewart Prior Files provide all of the prior policy data needed to bring a prior file forward," said Elana Yonko, STG product specialist, Landata Systems, Inc.
VAX AIM Harvests
Landata Systems pulled VAX AIM information into Stewart Prior Files from sites in Denver and Tampa. Denver, now with 12 years of VAX AIM data harvested, uses Stewart Prior Files 2.6 as an automatic way to create starter files.
"It is just very slick and easy to use," said Patty Schrom, telephone support administrator for Region F, Stewart Automation Services. "And it's an accurate, safe way to get a starter policy online."
"With VAX AIM data, there is no image of the policy, so users need this additional information to use the policy as a prior file," said Yonko. "The VAX AIM data provides a big step toward total integration with the production systems; our ultimate goal is to allow users to auto-populate their production systems with the data in Stewart Prior Files without having to copy and paste."
VAX AIM harvests are planned for additional states in the near future.
AIM for Windows and Stewart Prior Files
With an AIM® for Windows® session open, users can also connect to the Stewart Prior Files Web site and retrieve exceptions.
"It totally eliminates having to type and retype all of the exceptions, and it eliminates renumbering," said Schrom. "Users are thrilled with the ability to copy exceptions with just a few clicks. And it is just so simple, users depend on it."
About Stewart Prior Files
Stewart Prior Files offers access to prior file information in its Web-based national database of policies issued by Stewart Title across the United States and internationally. It allows users to search on multiple criteria for prior files and copy and paste the data into any system. The prior file information provides a starter file using the most recent Stewart prior policy available. Access to Stewart Prior Files is available to Stewart agents at no charge. More than 1.6 million searchable policies are currently available to Stewart agents on Stewart Prior Files.
Landata Systems, Inc. (www.landatasystems.com) is a software developer and technical services provider to the title insurance and real estate industries, offering excellent software development, consulting and support. Landata Systems' products offer: order entry; document preparation; closing and escrow accounting; online underwriting and real estate information; imaging; title plant; and electronic commerce.
Stewart Information Services Corp. (NYSE-STC) is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 6,800 issuing locations in the United States and several international markets. Stewart meets the needs of the real estate and mortgage industries through the delivery of information services required for settlement using e-commerce. These services include title reports, flood determinations, document preparation, property reports, background checks and online property auctions. Stewart also supplies post-closing services to lenders, automated county clerk land records, property and land ownership mapping, and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.