Profile: Stewart Information Services Corp (STC.N)
28 Apr 2017
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 two segments: title insurance and ancillary services (title) and corporate. The Company operates through a network of production facilities, owned policy-issuing offices and independent agencies in the United States and international markets. 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; home builders, and the United States Government. It also provides services to mortgage lenders and servicers, mortgage brokers and mortgage investors, which are primarily related to appraisal and valuation services (referred to as ancillary services operations). Its primary international operations are located in Canada, the United Kingdom, Australia and Central Europe.
The title segment provides services needed to transfer title to property in a real estate transaction and includes services, such as searching, examining, closing and insuring the condition of the title to the property. In addition, the title segment includes centralized title services, home and personal insurance services and Internal Revenue Code Section 1031 tax-deferred exchanges. 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, and other energy-related projects. The primary sources of title insurance business include attorneys, builders, developers, homebuyers and home sellers, lenders, mortgage brokers, and real estate brokers and agents.
Ancillary Services and Corporate Segment
The ancillary services and corporate segment provides appraisal and valuation services, document management, recording and call center-related services offered to mortgage lenders and servicers, mortgage brokers and mortgage investors. It provides appraisal and valuation services to the mortgage industry through Stewart Lender Services (SLS). The segment includes the parent holding company and centralized administrative services departments. Customers for its ancillary services products and services primarily include mortgage lenders and servicers, mortgage brokers and mortgage investors.
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