Profile: Stewart Information Services Corp (STC.N)
5 Dec 2016
Stewart Information Services Corporation, incorporated March 25, 1970, is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through three segments: title insurance and related services, mortgage services and corporate. Its services ranges from residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry. The Company provides its services to homebuyers and sellers, residential and commercial real estate professionals, mortgage lenders and servicers, title agencies and real estate attorneys, homebuilders, and United States and foreign governments. Its international division delivers products and services protecting and promoting private land ownership across the world. Its primary international operations are in Canada, the United Kingdom, Central Europe, Latin America and Australia.
Title insurance and related services
Title insurance and related services (title) segment includes the functions of searching, examining, closing and insuring the condition of the title to real property. The title segment also includes certain ancillary services, and home and personal insurance services. The title segment is engaged in title examination, which involves searching for and examining documents, such as deeds, mortgages, wills, divorce decrees, court judgments, liens, paving assessments and tax records; title insurance policies, which insures against losses from past events and seeks to protect the public by eliminating covered risks through the examination and settlement process, and losses, which relates to losses on policies that occur when a title defect is not discovered during the examination and settlement process. Titles insured include residential and commercial properties, undeveloped acreage, farms, ranches, wind and solar power installations, other energy-related projects and water rights. The customers of the title insurance business include attorneys, builders, developers, homebuyers and home sellers, lenders, mortgage brokers, and real estate brokers and agents.
The Company's mortgage services segment includes a diverse set of products and services provided to enhance the mortgage and real estate markets. These services are provided principally through Stewart Lender Services (SLS) and PropertyInfo Corporation's Stewart Government Services. SLS offers services for the entire lifecycle of the mortgage process, including mortgage origination support, servicing support, default and real estate owned (REO) services, and loan review and audit services. Its services include a suite of valuation, title and closing services, post-closing outsourcing, loan review and audit, component servicing, portfolio reviews and audits, loan file reviews, loan quality control and servicer oversight to residential mortgage lenders, servicers and investors. Stewart Government Services provides automation of county recorder offices and other county services. The Customers for its mortgage services' products and services primarily include mortgage lenders and servicers, mortgage brokers, mortgage investors and government entities.
The Company competes with Fidelity National Financial, Inc., First American Financial Corporation and Old Republic Title Insurance Group.
Stewart Information Services Corp
1980 POST OAK BLVD
HOUSTON TX 77056
Company Web Links
- BRIEF-Driehaus Capital Management reports 5.04 pct stake in Stewart Information
- BRIEF-Stewart Q3 earnings per share $1.12
- Stewart Information strikes deal with two activist investors
- UPDATE 1-Stewart Information strikes deal with two activist investors
- Stewart Information to add four directors in deal with Starboard