Chicago Title Announces Availability of E-Docs: Real Estate Documents Direct to the Desktop Via E-mail -- Consumers and REALTORS Benefit From Use of Technology.

PASADENA, Calif.--(BUSINESS WIRE)--July 15, 1999--

Time and efficiency are always vital parts of a real estate transaction.

To address the growing consumer and REALTOR(R) requests for increasingly faster delivery of real estate documents, Chicago Title's Western Division announces its new "E-Docs" capability through the company's TEAM system. These documents are now available for immediate electronic delivery to REALTORS(R) and their clients using Chicago Title for their real estate transactions. Chicago Title is one of the first title companies to provide this service statewide in California.

"We have always been committed to developing technology that facilitates the real estate process," said Bill Halvorsen, Western Division manager, Chicago Title. "The availability of documents electronically is a big step in making the real estate process faster, easier and more progressive."

As more real estate business is conducted online, the benefit of electronic documents is more apparent. Not only does E-Docs allow REALTORS(R) and their clients to access needed information at any time, but receive it almost immediately. Courier fees are avoided, as documents are transmitted in a secure environment over the Internet.

"The use of e-mail in real estate transactions is another way Chicago Title brings value directly to our customers," said Halvorsen. "E-Docs is in response to increasing requests from REALTORS(R), buyers and sellers to deliver title and escrow documents directly to their home or business e-mail addresses."

Among the more than 600 TEAM Documents available for electronic delivery to an e-mail address include:

-- Preliminary Report

-- Legal Descriptions

-- Guarantees

-- Endorsements

-- Escrow Instructions 

-- Deeds

-- Notes and Deeds of Trust

-- Closing Statements

-- HUD-1 Settlement Statement

-- Commission orders

-- Notice of Completion

-- Power of Attorney

-- Assignment of Deed of Trust 

-- Request for Demands and Beneficiary Statements

-- HCD Mobile Home Documents

Chicago Title Insurance Co. is a wholly owned subsidiary of Chicago Title Corp. (NYSE:CTZ). Through its subsidiaries, Chicago Title Corp. provides title insurance, escrow and closing services as well as property valuation, credit information, default management and flood compliance products through a network of more than 340 offices and approximately 4,000 agents nationwide. Chicago Title Corp.'s subsidiaries - including Chicago Title Insurance Co., Security Title, Ticor Title Insurance Co. and Security Union Title Insurance Co. - issue approximately one in every five title insurance policies in the United States.

Other subsidiaries and divisions furnishing real estate-related products include Chicago Title Flood Services Inc., Chicago Title Credit Services Inc., Chicago Title Field Services Inc., Chicago Title -- Market Intelligence Inc. and Consolidated Reconveyance, a division of Chicago Title Insurance Co. Heritage American Insurance Services Inc. and Continental Home Warranty provide products and services throughout California.

Editor's Note: For further information on the Chicago Title products and services, visit the company's web site at: http://www.westerndivision.ctt.com.