GATORS® Unit of Fiserv Lending Solutions Introduces On-line Title Abstracting Tool

October 27, 2004

PITTSBURGH, PA; – GATORSystems, a provider of technology to title insurance and settlement services firms and a unit of Fiserv Lending Solutions, has announced the introduction of GatorSearch, a Web-based electronic abstracting platform designed to cut turn-time on title searches, increase workflow efficiencies and reduce examination errors.

GatorSearch provides GATORS users the ability to execute self-service title searches, greatly reducing the turnaround times associated with traditional examiner/courthouse abstracting. Reports can be run from the office or home computer to provide searches that are fast, comprehensive, reliable and precise. Users choosing not to run reports from their own computers may take advantage of the system’s Examination Network, a team of professional abstractors able to return a comprehensive report within eight hours of receiving the order.

GATORS clients using GatorSearch will also benefit from several other key features:

  • XML integration, allowing a seamless solution linking GatorSearch clients to GATORNet and reducing error rates;
  • Continued growth of the geographic coverage area, allowing GATORS and GatorSearch clients priority access as new counties become available;
  • Flexible and ongoing training sessions via WebEx and conference calling, as well as continuing customer support.

“GatorSearch fundamentally changes the way title companies and vendor management companies can do business,” said Christopher Behning, Senior Vice President and Chief Technology Officer for GAC. “This is a prime example of technology providing real and measurable benefits. At a time when most settlement services companies are being driven to cut costs and improve turn-times, GatorSearch will accommodate this need without sacrificing quality of product.”

When integrated with GatorNet, the GatorSearch technology will allow users to obtain reliable property reports, name searches, images and other relevant data within minutes. Title information can be returned in several formats, including XML, PDF or HTML. The site is secured through Secure Socket Layer (SSL) technology.

GatorSearch is being offered as the result of collaboration between GATORSystems and New York-based Realty Data Corp., developers of one of the industry’s leading electronic abstracting platforms.

Source: Fiserv, Inc.

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