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United Title Company Unveils New ClosingPoint Technology

April 2, 2002

LOS ANGELES--(BUSINESS WIRE) -- A Web-based management tool that melds today's Internet technology with the ordering of title insurance services was introduced today by United Title Company for the demand-driven mortgage brokerage community.

ClosingPoint(TM) is a secure delivery mechanism that provides users with the ability to open orders instantly online, obtain live status reports, documents and sales comparables, and provide all transaction participants with collaborative access to cutting-edge communication tools to share transaction details, calendars, task lists, documents and service orders.

ClosingPoint, the culmination of a design and development effort by Nation's Holding Group for exclusive use by its subsidiaries, United Title Company, First California Title, and United Title Agency Inc., is an essential building block for next-generation delivery of title insurance in response to the tremendous adoption rate of online real estate-related services. Designed from the ground up, ClosingPoint boasts the industry's most tightly integrated solution that works seamlessly with the core production system utilized by these organizations. Unlike other solutions brought to market, this unparalleled integration eliminates any double data entry in order to provide customers with a view into the transaction while also reducing and potentially eliminating errors.

"We are excited to be at the forefront of this emerging technology with an opportunity to ensure that our organization collaborates with customers to aggressively pursue the full market potential of the title insurance industry," noted Jerome Smolar, president and chief operating officer of United Title Company. "Nations Holding Group and its subsidiaries are distinguished among title insurance and escrow firms because of their breadth and depth of understanding of our clients' business environments. Coupled with the new ClosingPoint solution, we believe that we are uniquely positioned to provide superior service to customers seeking to capitalize on growth opportunities in a rapidly changing real estate industry."

Source: United Title Company



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