Equity Settlement Services Continues Growth using GATORS® Title and Appraisal system
|August 10, 2005|
Contact: Brian Rieger 330 659-6101, ext. 6626 or firstname.lastname@example.org
PITTSBURGH,—Fiserv Lending Solutions’ General American Corporation (GAC), a technology solution provider to the settlement services industry and a unit of Fiserv Inc. (Nasdaq: FISV), has announced that New York-based Equity Settlement Services, Inc. (ESS) will use its GATORS® brand software to manage its title, closing and appraisal operations.
GATORS® provides workflow and vendor management platforms for the settlement services and title industry and licenses technology solutions and software to a wide variety of settlement services providers. Its enterprise software is a single source electronic loan document and vendor management solution for ordering settlement products including appraisals, valuations, title insurance, flood reports, and closing management.
Based in Smithtown, New York, ESS provides residential and commercial title, closing and appraisal services for customers in 34 states. ESS will employ the GATORS® Enterprise version of the technology, enabling its customers and vendors to order and fulfill products entirely through one integrated system.
“Although we looked at several vendor management software packages, we felt GATORS® was the one that could best help us to continue our national growth,” said Monte Jiran, chief operating officer at ESS. “Our goal is to provide coverage in all 50 states, and GATORS® was hands-down the most comprehensive and integrated settlement services system for that environment.”
“The GATORS® system is a perfect match for a rapidly-growing vendor management company such as ESS,” said Chris Behning, GAC senior vice president and chief technology officer. “Although robust, the system is still customizable for each client, and its integrated nature expedites the faster production of a high volume of orders through a wide variety of service providers.”
Fiserv, Inc., (Nasdaq: FISV) provides industry-leading information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues in 2004.
Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. For more information, go to www.fiserv.com.
About Equity Settlement Services, Inc.
Since its inception, Equity Settlement Services has provided a broad range of real estate services to many leading lenders nationwide. Equity Settlement Services provides a full array of residential and commercial title, closing and appraisal services for customers in over 30 states. Equity Settlement Services is firmly committed to implementing the latest technology in order to continually improve the speed of our customer service while maintaining its best-in-class quality. For more information, visit www.equitysettlement.com, or call 631-715-3442.