HOUSTON (August 2, 2005) - Stewart Realty Solutions announced that the Van Mall branch of Stewart Title of Western Washington in Vancouver has opened the one millionth closing file in the SureClose online transaction management system.
Stewart Title of Western Washington and Stewart Realty Solutions are wholly owned subsidiaries of Stewart Title Co. SureClose is a product of Stewart Realty Solutions, and is available for use by real estate brokers and agents, lenders, title and escrow companies and other settlement service providers.
In a special surprise ceremony at the office, Stewart's prize award team - headed by Malcolm Morris, chairman of Stewart Title Co. - came from Houston to present the office manager and associates an oversized award certificate, a crystal obelisk engraved with the logo representing the SureClose "Road to a Million" campaign, as well as champagne, roses and balloons.
Each associate also was presented a framed and personalized commemorative certificate and special-edition commemorative shirt.
"It is so fitting that this office, which opened only a few months ago, is the winner of our 'Road to a Million' campaign," said Morris. "Here is an office that is so confident about all of our technology that there's not even a fax machine on-site. This is a totally paperless title office, making its production process more efficient and cost-effective.
"Of course, with SureClose, all the closing files are online and the buyer, seller, real estate agents, lender and other parties to a transaction have access to their files anytime, 24x7," said Morris. "In this case, SureClose is really the 'sure prize.'"
Noah Blanton, Van Mall office manager, and Leslie DeFrees, county president, accepted the prizes on behalf of the office. The winning file, which was created on June 27, actually closed on July 28, and was recorded in Clark County, Wash., on Aug. 1. The file was automatically selected and identified with a system-generated, unique ID.
"I am so proud of this office," said DeFrees. "This start-up branch opened on May 1 and has worked hard, using SureClose to bring us closer to our customers and creating new efficiencies at the same time. The concept of offering our customers 24x7 access to their transaction brings the buying and selling process to a new level."
Stewart Realty Solutions conceived the "Road to a Million" campaign to spotlight the Stewart office or independent agency opening the one millionth closing file in SureClose. The online transaction management system has been deployed across the Stewart network over the past three years and is being marketed to the real estate, closing and mortgage industries.
"The significance of the millionth SureClose file is that we are participating in a fundamental shift in the way the real estate transaction of the future will occur," said Kelly Hawkins, vice president and chief operating officer, Stewart Realty Solutions. "Just as consumers have grown accustomed to the convenience of online banking, they are looking for the same convenience in their homebuying experience. In fact, once thought to be impossible, the vision of an electronic transaction is now becoming a reality due to SureClose."
About Stewart Realty Solutions
Stewart Realty Solutions, a wholly owned subsidiary of Stewart Information Services Corp., provides paperless transaction management solutions to the real estate, closing and mortgage industries. In January 2004, Stewart Realty Solutions acquired RealtyAssist, which had partnered with Stewart Title for four years to provide the private-labeled transaction management system for Stewart Title agents. The SureClose system is already installed in more than 850 Stewart-affiliated and independent title agency offices and real estate offices.
Stewart Title Co. is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a technology driven, strategically competitive, real estate information and transaction management company providing title insurance and related information services through more than 8,000 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.