Fidelity National Financial Forms New Title Information Company To Expand National Coverage

January 8, 2002

IRVINE, Calif., /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF has launched a new company that will improve the speed and efficiency of real property title insurance underwriting by creating a nationwide capability for standardizing and automating title research.

Based in Santa Barbara, CA, Property Insight combines all of the automated title plants and plant operations from Fidelity Title, Chicago Title, Ticor Title and Security Union. As a major national title information services provider, Property Insight operates in seven states, including California, Florida, Illinois and Michigan, and serves the regional operations of most every major U.S. title underwriter. The company's products include title plant indexes, property tax information, images of maps and publicly recorded land records, judgments and starter policies.

"By combining our title plant operations into a single, stand-alone company, we are focusing our energy on expanding our geographic coverage to become the leading provider of automated information services to the title insurance industry," said Patrick F. Stone, President of Fidelity National Financial. "At the same time, we will improve the return on investments we make in information technology, strengthening our business and financial performance by leveraging our spending across more markets."

By developing a national information service that automates information research and delivery of information needed to examine and underwrite title insurance, Property Insight will enable its customers to lower manual research costs, improve turnaround time and consolidate operations to regional and national processing centers, according to Stone.

"Today, we support a significant volume of real estate activity by providing title information services in more than fifty counties," said John Walsh, President of Property Insight. "Our goal is to expand service coverage to include the top 100 U.S. markets, which will allow our customers to organize their operations around our information platform."

Property Insight maintains regional operations in Southern California, Baltimore, the Chicago metro area, Cleveland, Detroit, Miami, Phoenix, and Stamford, CT.

Source: Fidelity National Financial, Inc.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.