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Industry News

America's Settlement Company Adopts GATORS(R) Technology to Expand Business

October 17, 2005

PITTSBURGH, /PRNewswire-FirstCall/ -- Fiserv Lending Solutions' General American Corporation (GAC), a technology solution provider to the settlement services industry and a unit of Fiserv, Inc. (Nasdaq: FISV - News), has announced that North Carolina-based America's Settlement Company (ASC) will use Fiserv's GATORS® brand software to manage and expand title and closing 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. The GATORS® ASP application offers complete Web-enabled e-commerce solutions for land title and settlement information service on a monthly subscription basis, minimizing capital outlays, upfront investment, installation time and the risk of technological obsolescence.

America's Settlement Company is a full-service title and closing company. The company, based in Raleigh, North Carolina, plans to open new offices in Washington D.C., South Carolina, Virginia, Maryland and Tennessee. ASC co- owner Steve Lazaras sees GATORS® as an important component in the growth and success of the company. "Turnaround time on an order is always a critical element of this business, and to grow, we need to close as many loans as possible, as accurately and quickly as possible," he said. "GATORS® is the most dynamic solution we've seen in this industry, and the improvement on speed, accuracy and reporting will serve as an accelerator for our development."

"More and more small firms like America's Settlement Company are growing their geographic coverage and offering more products by using centralized platforms," said Tad Buck, Vice President of Sales for GATORS®. "With GATORS® ASP, there are no new hardware requirements, nor any need to incur expensive staffing increases, despite an improved ability to cover a larger footprint with more product offerings."

Source: Fiserv



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