Stewart Information Services Corp. ( NYSE-STC) announced today the seven millionth online transaction file was entered in SureClose, the real estate industry’s most widely used transaction management system.
“Since we introduced SureClose ten years ago, it has become the most widely used transaction management system, has helped streamline the real estate transaction process, and improved communication for millions,” said Tom Groom, SVP, realty and title technology of PropertyInfo Corporation, a Stewart company. “With more than 100,000 documents digitized and placed in SureClose every business day, SureClose has greatly reduced the amount of paper in real estate files.”
Groom continues, “Reaching seven million files is a testament to the program’s successful adoption across the country within our Stewart Title network of offices and agencies, our SureClose real estate brokerage network, as well as through our MLS and REALTOR ®/association customers. We are proud to have hit such an important milestone, and will continue to invest in this technology to further enhance the real estate transaction process.”
The SureClose transaction management system connects everyone involved in the real estate transaction, including buyers, sellers, real estate agents and brokers, title agents, builders and lenders, in a secure online environment. SureClose enables designated parties in the transaction to view and share documents electronically while collaborating through the system for an enhanced transaction experience.For more information on SureClose, visit www.propertyinfo.com. About Stewart Stewart Information Services Corp. (NYSE-STC) is a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family. Stewart provides these services to homebuyers and sellers; residential and commercial real estate professionals; mortgage lenders and servicers; title agencies and real estate attorneys; home builders; and United States and foreign governments. Stewart also provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; home and personal insurance services; tax-deferred exchanges; and technology to streamline the real estate process. Recognized in 2012 by Forbes ® as one of the Most Trustworthy Companies in America, Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, and is the preferred real estate services provider. More information can be found at http://www.stewart.com/news. Forward-looking statements. Certain statements in this report are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and often address our expected future business and financial performance. These statements often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "will" or other similar words. Forward-looking statements by their nature are subject to various risks and uncertainties that could cause our actual results to be materially different than those expressed in the forward-looking statements. These risks and uncertainties include, among other things, our ability to respond to and implement technology changes, including the completion of the implementation of our enterprise systems our ability to timely and cost-effectively respond to significant industry changes and introduce new products and services. We expressly disclaim any obligation to update any forward-looking statements contained in this release to reflect events or circumstances that may arise after the date hereof, except as may be required by applicable law.