Stewart Announces Milestone in Electronic Title Policy Generation
February 1, 2011
Stewart Title Guaranty Co. announced more than two million policies have been produced by title agencies utilizing the Stewart Title Electronic Policy System (STEPS). Using STEPS allows title agencies to create title policy jackets online.
“The widespread adoption and usage of STEPS is just one example of the technology support and advanced systems we offer our agency network,” said George Houghton, executive vice president, Agency Services Group for Stewart Title Guaranty. “We continue to move the real estate transaction online, and are looking forward to unveiling many additional underwriter technologies and services to help our agencies improve their efficiencies and increase their revenue and at the same time reduce our costs.”
According to Stewart, STEPS eliminates the need to manually finish policy logs or sort through piles of inventory. The system automatically assigns policy numbers, time-stamps the policy and keeps track of each jacket simultaneously.