LandAmerica's eZNetClose(SM) Offers Mortgage Lenders and Borrowers Remote E-Signings for Online Closings

October 17, 2006

LandAmerica Financial Group, Inc.

RICHMOND, Va., /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. , a provider of real estate transaction services, announced that its LandAmerica OneStop(R) subsidiary has introduced LandAmerica's eZNetClose. LandAmerica's eZNetClose is an internet-based remote closing solution for mortgage lenders and borrowers, and the first in the mortgage industry to offer the convenience of remote electronic signings supported by closing agents specially trained to support online transactions.

"Simplifying transactions for our customers lies at the heart of our commitment to delivering Superior Service," said Cheryl Cox, President of LandAmerica OneStop. "And to give mortgage lenders and borrowers the unmatched convenience of e-signed closing documents places LandAmerica well ahead of our competition."

According to Cox, LandAmerica's eZNetClose is easy to use and faster than traditional closings. It can reduce some of the typical issues that arise with notary closings, and it gives the borrower the convenience of closing from the comfort of their home or office.

This innovative solution also brings an additional level of professionalism to the closing experience. The borrower works with a knowledgeable title insurance professional, trained in online closings, who can answer all of their questions as quickly as in a face-to-face transaction. The eZNetClose process is completed in real time over the web, so any ancillary documents are easily uploaded and added to the transaction. And the borrower avoids possible cancellation of their closing and the burden of rescheduling costs. What's more, improved accuracy results from built-in controls for document, data, and signature verification.

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