Profile: Stewart Information Services Corp (STC.N)
29 Jan 2015
Stewart Information Services Corporation, incorporated March 25, 1970, is a title insurance and real estate services company. The Company is a provider of real estate services, including global residential and commercial title insurance, escrow and settlement services, lender services, underwriting, specialty insurance and other solutions that facilitate real estate transactions. The Company provides services to homebuyers and sellers, residential and commercial real estate professionals, mortgage lenders and servicers, title agencies and real estate attorneys, home builders, and United States governments. It also provides loan origination and servicing support, loan review services, loss mitigation, REO asset management, home and personal insurance services, loan due diligence, compliance solutions, service performance management and technology to streamline the real estate process. Its international division delivers products and services protecting and promoting private land ownership across the world. The Company’s operations are located in Canada, the United Kingdom, Central Europe and Australia. The Company operates its business in three segments: title insurance and related services, mortgage services and corporate.
Title Insurance Services
Title insurance and related services segment (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 provided for tax-deferred exchanges and home and personal insurance services. It is involved searching for and examining documents such as deeds, mortgages, wills, divorce decrees, court judgments, liens, paving assessments and tax records. Title insurance insures against losses from past events and seeks to protect the public by eliminating covered risks through the examination and settlement process. Title insurance is issued for a one-time premium and the policy provides protection for as long as the owner owns the property or has liability in connection with the property. The primary sources of title insurance business are attorneys, builders, developers, home buyers and home sellers, lenders and real estate brokers and agents. Titles insured include residential and commercial properties, undeveloped acreage, farms, ranches, wind and solar power installations, other energy-related projects and water rights.
The mortgage services segment includes a diverse group of products and services provided to multiple markets. These services are provided through Stewart Lender Services (SLS), PropertyInfo Corporation and Stewart Government Services businesses. SLS offers mortgage origination support, component servicing, default and REO services, including post-closing outsourcing, portfolio due diligence, mortgage compliance solutions and servicer oversight to residential mortgage lenders, servicers and investors.
PropertyInfo Corporation offers technology to support title operations. PropertyInfo offers a title and escrow production system. The mortgage services products and services include mortgage lenders and servicers, mortgage brokers, mortgage investors and government entities.
The corporate segment consists of the expenses of the parent holding company. Its services include certain corporate overhead expenses, and the costs of centralized support operations of the Company.
The Company competes with Fidelity National Financial, Inc., Old Republic Title Insurance Group and The First American Corporation.
Stewart Information Services Corp
1980 POST OAK BLVD
HOUSTON TX 77056