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Managing Prime
2958 Posts |
 Posted - 01/31/2008 : 5:49:48 PM
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And it's making me FAT CASH!!! 
STC pre-press release $25.00 -------> Todays Close $34.23
Home Closings 'Go Green' in the Rocky Mountain Region
9:00a ET January 28, 2008 (Business Wire)
Stewart Title of Colorado Inc., Vail Division completed the first electronic closing in the Rocky Mountains via eClosingRoom(TM), Stewart Title's electronic closing platform.
"In Vail, closing your home is now as easy as finding fresh powder snow in January at this local Stewart Title office," said Julie Heaton, director of marketing for the Vail office. "Today with the Stewart eClosingRoom we are able to offer our customers an eco-friendly alternative to traditional paper-based closings. To expedite the closing process for real estate agents, title agents, lenders, home buyers and sellers and refinance customers, we provide the closing and upfront documents online -- essentially eliminating the paper from the process."
The eClosingRoom is fully integrated with SureClose(R), a paperless transaction management system. With eClosingRoom, home buyers and sellers can easily access and preapprove most of the necessary documents online via SureClose prior to closing. SureClose serves as the primary communication and document delivery vehicle where title agents, real estate professional and lenders meet to compile the entire closing package. Accessed through a password-protected Web site, SureClose allows individuals to view each step of the real estate transaction process as it unfolds.
"Prior to arriving at the Stewart Title office, our customers had reviewed and approved the majority of their documents online and at their own convenience in the eClosingRoom," said Chris Neuswanger, loan officer for Macro Financial Group, the lender in the transaction. "The transaction was completed using an electronic signature pad connected to the office computer. The customer was able to sign the remaining closing documents in a matter of 10 minutes!"
"SureClose with the embedded eClosingRoom technology helped us provide a whole new level of service to these homeowners," said Heaton. "Our office and the local lender met online prior to the closing to organize the closing and all necessary documents to make it happen, then made it available to the borrower -- saving them both time and money. And all parties received a CD-ROM at closing with their final closing package at the completion of their signing. In addition, the home buyers have the ability to access their documents at any time after closing via SureClose.com."
Stewart's electronic closing is offered via PropertyInfo Corp., a Stewart Company.
About Stewart
Stewart Title of Colorado, Stewart Title and PropertyInfo Corporation are wholly owned subsidiaries of Stewart Information Services Corp. (NYSE:STC), a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com.
SOURCE: Stewart Title
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Managing Prime
2958 Posts |
Posted - 01/31/2008 : 5:52:37 PM
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That's just my stewart stock. You want to know what lenders are doing eMortgages behind the scenes? LOL
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racerx
12107 Posts |
Posted - 01/31/2008 : 5:56:53 PM
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| What are you going to buy me? |
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RodneyLO
952 Posts |
Posted - 01/31/2008 : 5:58:44 PM
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quote:
The Liberals Are Taking Over!!!!.
It's about F'ing time! There are enough old crusty conservatives around here to stoke my fire pit for years.
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Managing Prime
2958 Posts |
Posted - 01/31/2008 : 5:59:29 PM
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Hummmm. What's this?
http://www.closingprime.com/Humm.pdf
Oh. It looks like a certain processing company in Florida has been postioned for these type of transactions for a long time now? Huh. |
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Managing Prime
2958 Posts |
Posted - 01/31/2008 : 6:02:02 PM
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It's all paper money now. I'm holding that stock. But the processing money is going to be even better. Oh...I forgot to mention. PP is a digital signature pad distributor as well. LOL
How about I buy you a digital signature capture device. And if things go well...a Toyota.
quote:
Originally posted by racerx
What are you going to buy me?
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Scrooge McDuck
15037 Posts |
Posted - 01/31/2008 : 6:04:09 PM
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| enough crazy **** slipped by with traditional closings. what is an e closing going to do to unsuspecting clients? |
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Managing Prime
2958 Posts |
Posted - 01/31/2008 : 6:05:10 PM
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They review the documents prior to closing. In most cases 72 hours prior.
quote:
Originally posted by Scrooge McDuck
enough crazy **** slipped by with traditional closings. what is an e closing going to do to unsuspecting clients?
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RodneyLO
952 Posts |
Posted - 01/31/2008 : 6:08:20 PM
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They have been using this technology for a while now with autograph & book signings.Great application.
Scrooge, I would be more concerned with the client having two days to review the closing docs, before the closing.
Sharon, anyone???
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servicefirst
3421 Posts |
Posted - 01/31/2008 : 6:15:49 PM
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| I presume that "liberals" are busy watching the Clinton vs Obama debate. |
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Managing Prime
2958 Posts |
Posted - 01/31/2008 : 6:17:46 PM
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quote:
Originally posted by RodneyLO
They have been using this technology for a while now with autograph & book signings.Great application.
http://www.closingprime.com/pdf/SignaturePadPriceList.pdf
(I can offer better prices...Just not in public)
quote:
Scrooge, I would be more concerned with the client having two days to review the closing docs, before the closing.
Sharon, anyone???
Lots of brokers are, and they will be left out in the cold if they do not adobt. Consumers are demanding transparency. Don't take my word for it.
http://www.thexbroker.com/?p=264
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servicefirst
3421 Posts |
Posted - 01/31/2008 : 6:29:03 PM
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| Small steps my friends. I just did a closing for somebody who's never been in a title company before. They were kind of freaked. Always used the bank. |
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racerx
12107 Posts |
Posted - 01/31/2008 : 6:37:47 PM
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quote:
Originally posted by Managing Prime
http://www.closingprime.com/pdf/SignaturePadPriceList.pdf
Hey smarty pants, that's not a good link. |
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RodneyLO
952 Posts |
Posted - 01/31/2008 : 6:38:18 PM
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quote:
Originally posted by servicefirst
I presume that "liberals" are busy watching the Clinton vs Obama debate.
Good for them.....I abhor politics. |
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Managing Prime
2958 Posts |
Posted - 01/31/2008 : 6:39:32 PM
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The real adaptors of this technology are very comfortable with it. Look up the "Echo Boom" and "Millennial" generation. Turning 30 now. Buying homes, having kids, in steady jobs...Oh...And they would rather do business with a computer than take time out of their day to meet with an LO. You can’t keep up with technology then they are off and clicking to find the LO that is.
I'm on the MISMO calls where Fannie Mae eNote numbers are given out. Growth is exponential. It's all taking place within retail. On both hands I can count the number of correspondents that are participating in pilots and I can count the number of wholesale lenders participating on 3 fingers.
quote:
Originally posted by servicefirst
Small steps my friends. I just did a closing for somebody who's never been in a title company before. They were kind of freaked. Always used the bank.
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Managing Prime
2958 Posts |
Posted - 01/31/2008 : 6:41:12 PM
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I had a brain frt. Retry.
quote:
Originally posted by racerx
quote:
Originally posted by Managing Prime
http://www.closingprime.com/pdf/SignaturePadPriceList.pdf
Hey smarty pants, that's not a good link.
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EMScommercial
5141 Posts |
Posted - 02/01/2008 : 5:45:36 PM
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Remember that... according to the media and most other knee jerk thinking people....
The formula is simple...
Democrat.... GOOOODDDD
Republican..... BADDDDD
lesson over....
have a nice night....
p.s. the sky is falling and hillary is going to save us with the help of algore.... |
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AGreene00
3062 Posts |
Posted - 02/01/2008 : 6:13:25 PM
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| Yeah, AmTrust has been doing the e-sign for about 12 months now. It's been out there for some time. You will find that the greatest resistance is going to be with your title companies adopting the new procedures. Old dogs hate new tricks. It is a pretty cool thing though. |
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