Stewart to Outsource Internal Audit Function

May 12, 2011

Stewart Information Services Corp announced its decision to outsource its internal audit function to Deloitte LLP as part of Stewart’s continuing effort to enhance services to its title agencies and customers, provide flexibility and to reduce expenses.

“After many months of evaluation, we selected Deloitte because of their title insurance expertise, their understanding and loyalty to our industry, and the value they place on our current audit associates,” noted Matthew W. Morris, senior executive vice president for Stewart. “Deloitte has a very highly regarded internal audit practice and can expand our capabilities around continuous monitoring, forensic audit and IT audit tools. Additionally, given their geographically dispersed resources and size, we can be more scalable, adaptable and flexible in our ongoing audit approach.”

In addition, Stewart expects to reduce its overall costs by implementing a variable-cost structure, which will allow greater opportunity by tying costs to market fluctuations. This flexibility is a key benefit given changing regulations, shifting requirements for centralized accounting and IT, and opportunities to leverage more robust audit technology and tools.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.