Stewart and Lone Wolf Take Broker's Back Office Paperless

August 13, 2004

HOUSTON ­ Stewart Realty Solutions (SRS) and Lone Wolf Software have announced their intent to closely integrate Stewart's leading SureClose® transaction management and paperless office platform with Lone Wolf's real estate office management software.

SRS, a wholly owned subsidiary of Stewart Information Services Corp (NYSE-STC), provides SureClose, a leading transaction management and paperless office platform. Lone Wolf is a leading provider of broker back office and accounting software used in more than 900 real estate offices, including many RE/MAX franchises through the United States and Canada.

"Integration of our SureClose transaction manager with Lone Wolf's back office software empowers our broker customers to achieve a paperless office without redundant data entry into their back office and accounting systems," said Travis Wright, SRS president and chief executive officer. "This saves time, reduces labor costs, minimizes the potential for errors and seamlessly ties the broker's accounting department into the paperless office workflow."

The integration of the companies respective products is scheduled to take brokers¹ accounting departments paperless in fall 2004 software releases.

"Too often, brokers struggle to get a real-time picture of agent productivity, income in the pipeline, and other financial metrics because listing and sale data doesn't get entered into accounting systems until late in the sales cycle," said Lorne Wallace, president of Lone Wolf Software.

"Since data is typically entered into the broker's SureClose transaction manager first ­ and nearly immediately at listing or sale ­ the seamless integration of Lone Wolf and SureClose will not only save the accounting department time, it will also assure the broker's financial reports include listing and sale data from much earlier in the cycle. That means a more accurate financial picture and better business decisions," added Wallace.

Founded in 1989, Lone Wolf (http://www.lwolf.com ) provides a fully integrated real estate brokerage administration and accounting system that is used by over 900 offices across North America. The company is based in Cambridge, Ontario, Canada.

Source: Stewart Realty Solutions


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

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