REI Data Unveils Unique Approach to Automating Preliminary Title Reports

October 5, 2004

HOUSTON, /PRNewswire/ -- REI Data Inc. has released AutoExam(TM), an automated title search application that generates preliminary title reports for escrow and title companies and attorneys. AutoExam's innovative technology can dramatically reduce the amount of labor and time required for title examination and report preparation.

Across southern California, AutoExam has already begun to make a difference. "Although AutoExam guarantees a one-hour turnaround time, we receive a majority of our reports in less than 30 minutes, and a number of our reports in less than 10 minutes," said Nick Pappas, president, Stewart Title of California - Los Angeles Division. "The fast turnaround times coupled with Stewart's title expertise have helped us grow our business with fast, dependable quality-based service."

AutoExam delivers preliminary title reports in electronic formats. The search results include document images and quality assurance notes. AutoExam can integrate simply and effectively with other escrow and closing products and systems.

REI Data President Max Harris explained how AutoExam provides such fast and accurate results.

"AutoExam's cutting-edge technology is supported by NextAce Corporation's TitleEdge application," said Harris. "REI Data's approach is for our team of title and real estate information experts to work closely with title agents to provide them a customized solution. We base this on their individual needs, current processes and technology. We can facilitate database access, manage integration with production systems as well as define the rules to fit a wide array of preliminary title report customer needs."

"We also offer personal and online training to help users understand the customization we've developed and the underwriting rules AutoExam follows," said Harris. "People generally hesitate to rely solely on technology tools for title reports, and our customers appreciate the relationship and support of our title experts."

Source: REI Data

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