Stewart Mortgage Information launches new valuation product, Collateral Profile

April 11, 2006

HOUSTON -Stewart Mortgage Information premiered of new real estate valuation product, Collateral Profile, this week/

Collateral Profile is an alternative valuation product available through e-Titleā„¢, SMI's national vendor management company. e-Title offers a comprehensive array of settlement service solutions to lenders, including insured and uninsured title products, centralized closing and settlement solutions, and automated and traditional valuation products.

e-Title provides customers with a single point of contact along with electronic order, delivery, status and reporting, as well as a choice of using either its centralized vendor management company or Stewart Title's local issuing offices for title and settlement fulfillment.

By leveraging the expertise of local real estate professionals in conjunction with the speed and accessibility of online data sources, Collateral Profile is able to effectively service the national market. The product features faster delivery, significantly lower pricing than a standard drive-by appraisal, and upgrade discounts on traditional appraisal services. Collateral Profile also offers a great step-up option for a lender whose AVM results in a "no hit" or a low confidence score.

"Designed for the delivery speed demanded by the current real estate financing environment, Collateral Profile is an alternative product that bridges the gap between automated valuation models and traditional valuation products," said Kevin Gugenheim, SMI president and COO. "The product analyzes data from three comparable data sources and generates a desktop report providing basic information on the subject property, including neighborhood conditions, and also provides a value range for the subject property."

Source: Stewart Mortgage Information

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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. SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development.