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e-Closing Spans San Antonio Airport and Stewart Title Office in The Woodlands, Texas; Local Coldwell Banker United Real Estate Agent Leverages HAR, Reveal Systems and Stewart Title Technologies to Enhance the Real Estate Transaction Process.


HOUSTON -- A flight delay due to weather added an interesting wrinkle to an electronic closing scheduled in Montgomery County, Texas Montgomery County is a county located in the U.S. state of Texas within the Houston–Sugar Land–Baytown Metropolitan Area. The county was named for the town of Montgomery, Texas, at the time the largest community in the county, which in turn was named for Andrew , utilizing Stewart Title's patent-pending eClosingRoom(TM) electronic closing platform and the SureClose(R) online transaction management system.

With an online home search and purchase process utilizing HAR.com, Reveal Systems and SureClose, the buyers were set to go online from home the night before their scheduled e-closing and review all their documents. They would then go online in eClosingRoom and "click-to-sign" their documents - leaving only the signature captures for the e-closing the next morning.

Instead, with bad weather holding up the husband's business flight out of San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , he borrowed a tablet PC (1) A tablet computer environment from Microsoft that is based on an enhanced version of Windows XP. Designed to function more like a portable writing tablet than previous tablet-based computers, it includes handwriting recognition as well as the ability to retain handwritten words  from another stranded traveler, logged on to his password protected SureClose portal, viewed each of his closing documents, proceeded to "click-to-sign" each document and then used the signature capture feature to pre-sign the 14 documents in the airport waiting area. At home, the wife viewed the documents and clicked-to-sign. She then executed her signature the next morning at the Stewart Title of Montgomery County Montgomery County may refer to:
  • Montgomery County, Alabama
  • Montgomery County, Arkansas
  • Montgomery County, Georgia
  • Montgomery County, Illinois
  • Montgomery County, Indiana
  • Montgomery County, Iowa
  • Montgomery County, Kansas
 office in The Woodlands.

Kayelin Wright, a sales associate with Coldwell Banker United, Realtors(R), was the real estate agent representing the buyers. She said the decision to offer paperless real estate services was a simple matter of offering a better home purchase and selling experience for her customers.

As a member of the Houston Association of Realtors(R) (HAR) and HAR.com MLS See multilevel security. , Wright receives electronic notifications when properties with specific features desired by her buyer prospects are available for purchase. For this particular purchase, Wright was notified electronically that this home had come onto the market within 15 minutes of the listing being submitted.

Wright also utilized Reveal Systems TrueForms(TM) online documents to electronically prepare the purchase and sale agreement and submit to the property sellers, who were moving to Michigan the weekend the purchase offer was made.

"Through HAR.com's online home listing and search features, I have immediate access to new listing information allowing me to quickly find the right home for my customers," she said. "And with the SureClose transaction management system, I can manage the entire real estate process online. In fact, all my communication with the listing agent was handled electronically - it was very efficient.

"With SureClose, I no longer worry about managing my paper files," said Wright. "I am able to focus on what matters - the customers and their new home."

"Stewart Title provides electronic signing and closing solutions to speed up the closing process and enhance the closing experience for our customers," said Darren Ross, Stewart Transaction Solutions director of eCommerce. "Because Stewart Title has taken a leading role in automating the real estate transaction process, various county governments, recorders and mortgage lenders are gearing up to become a part of the paperless process by accepting electronically signed mortgage and real estate documents."

About Stewart

Stewart Title and Stewart Title of Montgomery County (http://www.stewartconroe.com/) are wholly-owned subsidiaries of Stewart Information Services See Information Systems.  Corp. (NYSE NYSE

See: New York Stock Exchange
:STC STC Supplemental Type Certificate (FAA)
STC Society for Technical Communication
STC Subject to Change
STC Surf the Channel (website)
STC Sound Transmission Class
STC Singapore Turf Club
), a technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,000 policy-issuing offices and agencies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and international markets. Stewart also provides post-closing lender services, mortgage default management solutions, automated county clerk The term "county clerk" has been commonly applied, in several English-speaking countries, to an official of a county government. United States
Most counties in the U.S.
 land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com.

Realtor(R) is a registered trademark of the National Association of Realtors The National Association of Realtors (NAR) is made up of residential and commercial realtors who are brokers, salespeople, property managers, appraisers, and counselors, and others working in the real estate industry. (R). TrueForms(TM) is a trademark of Reveal Systems Inc.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 13, 2006
Words:616
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