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Stewart Mortgage Information

Stewart Mortgage Information. Products and Services. 02/2005. Stewart Information Services Corp. NYSE:STC Incorporated 1970. Stewart Title Company Operational Company Providing title insurance through more than . 7,800 issuing locations and agencies. Stewart Mortgage Information

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Stewart Mortgage Information

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  1. Stewart Mortgage Information Products and Services 02/2005

  2. Stewart Information Services Corp. NYSE:STC Incorporated 1970 Stewart Title Company Operational Company Providing title insurance through more than . 7,800 issuing locations and agencies Stewart Mortgage Information Incorporated 1994 Providing real estate information services to mortgage industry Stewart Corporate Structure Stewart Title Guaranty Company Largest of Seven Stewart Underwriters Founded 1893

  3. Stewart Mortgage Information (SMI) • Created in 1994 to meet the outsource needs of the mortgage industry • Wholly owned subsidiary of Stewart Title • Innovation grounded in the stability of our parent company • Solutions that allow mortgage lenders to close and service more loans, more efficiently

  4. Flood AVMs Full Appraisals Warranted Valuations Credit Electronic Mortgage Document Solutions Build Your Own Bundle Post Closing/Investor Delivery Lien Releases Document Recording Document Retrieval Assignments Pool Certification Assistance Loan Sale Assistance National Online County Database Background Checks Online Real Estate Information Interactive Satellite & Aerial Photography Real PropertyTax Information School Reports Multiple Listing Service Data Title Escrow Services Centralized Funding OUR PRODUCTS

  5. Flood Zone Determinations

  6. Stewart’s Flood Determination Services • Majority of orders – 85 percent – returned in 60 seconds • Research orders within 24 hours • Standard flood determinations and life of loan management available • Portfolio services • Available in all 50 states, Puerto Rico and the U.S. Virgin Islands * SMI’s database contains flood zone status of over 150 million properties

  7. Stewart’s Flood Determination Services • HMDA & CBSA information with every determination at no additional charge • Customer service • Available 7 a.m. – 7 p.m. Monday - Friday • Compliance assistance • Dispute resolution

  8. Valuation SolutionsFrom AVMs to Full Appraisals

  9. Automated Valuation Models (AVMs) What is an AVM? • AVMs use statistical techniques to analyze property information that produce instantaneous estimates of current market value.

  10. Automated Valuation Models (AVMs) Why use a AVM? • Because of the immediate turnaround and the significantly lower cost, mortgage lenders use AVMs as substitutes for appraisals products in establishing property value on equity and refinance mortgage transactions.

  11. ValuLogix℠ • SMI proprietary decisioning tool • Customize your selection from various industry- leading AVMs • Cascade feature allows you to obtain result and be charged only once • Designate specific criteria, i.e. FICO, LTV, Loan Program, Quality (Confidence factors) • Leading AVM Providers • Home Price Analyzer (HPA) • CASA • Home Value Explorer℠ (HVE) • ValueSure (fka LSI Indicator)

  12. NEW ValuLogix Options • The SPF (Subject Property Photo) Option is an add-on product for any AVM ordered through ValuLogix • Provides an increased level of confidence for Lender’s utilizing AVMs in place of more traditional valuation products • Service available for refinance and home equity transactions

  13. Subject Property Photo Option • Standard SPF Option supplies the Lender with: • Photographs of property • Front view • Right & Left view • Visual Inspection Checklist • Additional photographs available for additional fee including comps and street scenes

  14. Appraisal Solutions • Nationwide Appraisal network • Full URAR’s, Drive-by’s, BPO’s • Electronic ordering and delivery • Competitive pricing • Quick turn times Full: 5 to 10 days Drive by: 3 to 7 days • Experienced staff capable of handling all your appraisal needs

  15. SAVE – Stewart Assured Valuation Estimate • SAVE warrants the accuracy of the property valuation based on the date the valuation report is completed. • Warranty coverage is good for 5 years from the date of the product • SAVE protects a lender against loss by warranting the accuracy of the property valuation as of the date of the product and is transferable to a lender’s successors or assigns.

  16. Credit Reporting Services • Two industry-leading vendors • Kroll Factual Data • Fiserv’s CredStar Systems • Joint or individual; merged reports • Real time web-based credit reports • Detailed report list and search options • Integrates and populates into 1003’s of most LOS systems • On-line customer service request and delivery • FICO Score updates at the repository level • Full suite of fraud detection products

  17. Online Documents, Inc. A Leader in Mortgage Document Technology • Simple Outsourcing Solutions - A 100% outsource solution for mortgage documents. In addition to forms, Online provides compliance, forms selection, program development, forms programming, document delivery and customer service. • Products include - Initial disclosures, Closing documents, Specialty Packages (1003, Adverse Action, Rate Locks, Commitment Letters) stewart

  18. Online Documents, Inc. A Leader in Mortgage Document Technology • 35,000 Loan types and forms available - Conventional, Fannie Mae, Freddie Mac, FHA, VA and HELOC. MERS Ready. Virtually every loan type available in the marketplace. • Pay as you go - Fees charged only when document packages are ordered. Lenders avoid fixed overhead costs for legal and compliance, product development, technology, programming and document delivery. stewart

  19. Online Documents, Inc. eMortgageDocs™ (SMART Docs) • Developed in conjunction with Fannie Mae • eMortgageDocs™ conform to Fannie Mae emortgage delivery requirements and MISMO specifications • eMortgageDocs™ available for all primary Fannie Mae products in 50 states stewart

  20. Stewart Mortgage Information Mortgage Management Services “Your back office solution”

  21. Post Closing Services • SMI allows you to perform at peak efficiency through a turnkey solution or by outsourcing one or more of the following functions: • Warehouse Banking • Loan Review/Audit • Data Verification/Quality Control • Document Inventory • Government Insuring • Imaging • Investor Delivery • Trailing Document Tracking and Retrieval • Onsite Vault Facility

  22. Post Closing Services • Our clients include six of the top 10 residential originators • Fully integrated tracking systems • 42,000 sq. ft. electronically integrated facility centrally located in Houston, Texas • Business lines that support the post closing functions • Recordation of mortgages and assignments • Assignment preparation • Document retrieval and research • Imaging

  23. Post Closing Services • Full-time permanent mortgage professionals • Management team with more than 250 years’ combined experience in the mortgage banking industry • Guaranteed quality supported by a $2 billion NYSE-listed firm with a tradition of over 110-years of providing magnificent service. • We don’t just promise … we deliver!

  24. For more information:See your local Stewart representative.

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