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Stewart Is First to Market Home Equity Loan Bundl Guaranteed, Ready-to-Fund Within 15 Business Days

January 21, 2004

HOUSTON, /PRNewswire-FirstCall/ -- In an effort to address changing market needs, Stewart Mortgage Information is the first to produce a guaranteed, ready-to-fund home equity loan bundled services package, or HELP. The guaranteed bundle allows lenders to provide more accurate cost estimates to consumers. For one fixed price, the HELP bundle includes integrated mortgage origination and settlement services for home equity loans, including: -- A tri-merged credit report -- Up-front disclosures -- ValuLogix(TM) - access to industry-leading AVM providers -- Flood zone determination -- A deed report -- Closing documents -- Notary/witness closing -- HUD-1 preparation/post-closing -- Recordation

"Since its inception, Stewart Mortgage Information has concentrated on delivering innovative title and settlement services to mortgage lenders seeking to provide premier service to their borrowers -- nationwide. With the introduction of our 'guaranteed, ready-to-fund home equity bundle' we are meeting the needs of lenders serving the home equity market," said Don O'Neill, SMI chief executive officer. "We are so confident in our service offering that we guarantee delivery within 15 days."

HELP allows immediate access to products needed to prequalify a home equity transaction and gives the option of stopping the process before incurring the cost of a full HELP bundle. It can be ordered through RealEC, the electronic exchange for mortgage loan originators, real estate professionals and settlement services providers.

Source: Stewart Mortgage Information



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