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Stewart Loan Services expands its loan processing services to California

July 30, 2004

HOUSTON) - Stewart Loan Services L.L.C., a provider of loan processing services to mortgage lenders and brokers, has expanded its services into California.

Based in Pueblo, Colo., Stewart Loan Services is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC). The company began operations in fall 2003.

"This expansion gives our mortgage lender and broker customers the solution they have been demanding," said Jeff Fogg, president of Stewart Loan Services. "With refinancing volumes down, lenders are moving back into marketing activities. Stewart Loan Services offers mortgage brokers and lenders a complete solution to their back office duties, enabling them to better provide excellent customer service in this dynamic environment.

"We have representatives 'on the ground' in both Northern and Southern California working closely with customers to provide a very hands-on service for them," added Fogg. "Stewart Loan Services can provide full loan processing services, or fill in where the brokers or lenders may need interim assistance when they are short-handed."

One technology tool offered by Stewart Loan Services is the SureClose® transaction management system. Transaction management is a Web-based service enabling sellers, buyers, refinance customers, lenders, builders, title companies and settlement service providers to order services, communicate and share information and documents about real estate transactions.

"Stewart Loan Services will offer the full suite of technology tools that have made Stewart a well-known name in the title industry, as well as in mortgage services," said Fogg. "The SureClose transaction management system is one service we provide to streamline loan processing and ensure real-time communication and feedback. With SureClose, customers have access to their files 24x7."

Source: Stewart Loan Services



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