HOUSTON (Jan. 28, 2004) - Stewart Title Co. has announced the formation of Stewart Realty Solutions, a new, wholly owned subsidiary that will develop and market a bundle of information services, technology applications, title insurance and closing services and Internet-based real estate transaction management solutions for realty firms in the United States.
"Stewart Realty Solutions will be our vehicle to manage and grow specific realty-focused products and services, including our flagship product, SureClose® transaction management," said Stewart Morris Jr., president, Stewart Title Co. "Our solutions will be marketed directly from Stewart Realty Solutions to leading local and national realty firms, as well as through our Stewart Title direct operations and agencies."
Travis Wright, a 30-year veteran of the real estate brokerage, real estate franchising and mortgage banking industries, will lead the company as president and chief executive officer. Kelly Hawkins will serve as vice president and chief operating officer. Hawkins has served at Stewart for 15 years and has been responsible for implementing the SureClose technology platform throughout the Stewart Title network.
"We support the realty industry's desire for automated title products to complement full-service, one-stop-shop customer initiatives," said Wright. "We also will provide transaction management services that enhance the customer experience while elevating the service levels and efficiencies of the real estate professionals who serve those customers. Our collaborative approach demonstrates our belief that by partnering with those professionals, the home buying and selling consumer will be better served."
SureClose, Stewart's online transaction management system, is currently in use in more than 500 Stewart Title affiliate and independent issuing offices across the nation.
"SureClose provides users with centralized communication, management and access to property listings, listing and sale agreements, loan documents, and escrow and title transaction files," said Hawkins. "These files are accessible 24x7 in a secure online environment, allowing users to access, view and download their transaction documents whenever and wherever they choose. Stewart Realty Solutions will offer products that allow real estate professionals to give unparalleled customer service, helping them build their customer base and market share."
Wright added, "We will share our operational knowledge of transaction facilitation and SureClose technology with our realty partners to achieve efficiencies for their business processes and customer groups."
Stewart Realty Solutions is based in Houston, Texas, and may be contacted at email@example.com or toll free at (866) 608-6657.
Stewart Title Co. is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 7,100 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 and background checks. Stewart also supplies post-closing services to lenders, automated county clerk land records, property 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.