NEWS
From:
STEWART INFORMATION SERVICES CORP.
P.O. Box 2029, Houston, Texas 77252-2029
http://www.stewart.com
Contact: Ted C. Jones, Director-Investor Relations
(713) 625-8014
FOR IMMEDIATE RELEASE
Stewart Lender Services offers Title & Settlement Services to Address the New Homeowner Affordability and Stability Program
The new services make implementation of the HASP Refinance Program easy for lenders
HOUSTON (May 11, 2009) – Stewart Lender Services, a wholly owned subsidiary of Stewart Title Company, announced today the offering of centralized title and settlement services to specifically address the new Homeowner Affordability and Stability Program (HASP).
“At Stewart Lender Services, we have developed an offering designed specifically for lenders who are participating in the HASP refinance program, and we are prepared to ensure that these transactions are closed quickly and efficiently,” said Jason Nadeau, president and CEO of Stewart Lender Services. “In addition to our traditional in-office closings, we offer the convenience of Stewart’s web-based, eClosings and our in-home notary services as alternative closing methods for borrowers’ HASP refinance mortgage transactions. Regardless of the place of the closing, our knowledgeable staff walks customers through the title and settlement process.”
When utilizing Stewart’s centralized title and settlement services, borrowers will have a dedicated staff ready to answer questions and resolve issues that could affect their closing. Customers will experience decreased turn times with an average commitment delivery in less than two business days, including escrow efficiency through customized settlement workflow with electronic order placement, automated notifications and real-time status on all transactions, simplicity through working with one centralized location for nationwide coverage for all settlement services, as well as a high-touch borrower experience.
The centralized services are powered by StewartPlus, a comprehensive title solution addressing the requirements that may arise with a HASP refinance mortgage transaction – without delaying the delivery time of the title commitment and policy. StewartPlus is designed to reduce both costs and the processing time for lenders’ origination loans for the secondary market. It is available for the first and second lien mortgage transactions where lien information is required, and standard endorsements are included.
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More information on HASP can be found at http://makinghomeaffordable.gov/.
Visit http://www.stewart.com/why-lender to find out more about Stewart Lender Services’ HASP options and other reasons why Stewart is the right company for all of your home retention service needs. To speak with a lender services representative, contact or call (800) 577-6674.
About Stewart Lender Services
Stewart Lender Services is a wholly owned subsidiary of Stewart Title Company. Stewart Lender Services has been providing lenders and loan services solutions for the past 14 years. Stewart Lender Services provides a wide array of solutions including loss mitigation services, loan modification qualification and fulfillment, short sale solicitation and management, default and foreclosure services, REO title/settlement and asset management services, post-closing solutions, nationwide title and settlement services and electronic mortgage solution.
About Stewart
Stewart Title Company is a wholly owned subsidiary 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 throughout offices 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.
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