FLDI Announces Alliance with Stewart Mortgage Information
- to Expand Financial Services Available Through Vendor Management Platform AUSTIN, Texas, Nov. 30, 2005 - First Lenders Data, Inc. (FLDI) , an Austin, Texas-based provider of bundled settlement service solutions to the mortgage lending industry, announced a strategic alliance with Stewart Mortgage Information (SMI), a Houston, Texas-based real estate information and transaction management company.
The strategic alliance provides mortgage lenders with SMI's flood, title, closing, recording and satisfaction services through FLDI's FirstClose™ vendor management platform.
"This alliance offers lenders an expanded number of financial services that can help them stay competitive in the wake of the refinance boom," said Dennis Conway, national account manager of SMI. "Through cost savings and comprehensive vendor management, our participating lenders can use the services provided by FLDI to improve the way they do business and gain a competitive edge."
FLDI offers bundled services through alliance partners such as SMI to provide a cost-effective vendor management solution for lenders to better manage the origination process and select the best technology to meet their own individual needs. Users can integrate with existing legacy and front-end origination systems and select a variety of technology options that include credit reports, AVMs, conventional appraisals, flood certifications, property reports, legal and vesting reports, credit based lien reports, title services, closing services, recording services, doc prep and income verification.
"Our vendor management system offers small to mid-sized lenders a tool for competing with the giants of the mortgage industry," said Tedd Smith, CEO of FLDI. "Bundled financial solutions along with vendor management services offer a way to boost profitability and reduce the time and resources spent coordinating with outside technology vendors."
About Stewart Mortgage Information (SMI)
Stewart Mortgage Information, a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC) , is a leading provider of mortgage information and services that accelerate loan origination and reduce costs of post closing functions. SMI boosts the efficiency and profitability of the loan origination process through the delivery of information and services required for settlement and servicing using e-commerce, including: credit, valuation products, nationwide title and settlement services, flood determinations, electronic mortgage document solutions, background checks and a variety of post-closing and investor delivery services.
For more information, visit the Web site at smi.stewart.com
About First Lenders Data, Inc.
First Lenders Data Inc. (FLDI) is an Austin, Texas-based provider of settlement service solutions to the mortgage lending industry. FLDI offers its products and services through its proprietary Web-based FirstClose™ platform. The company's product offerings include credit
reports, flood certifications, AVMs and traditional valuation products, as well as income verification title, doc prep, closing and recording services. Additionally, FLDI provides more progressive services, including hybrid and gap valuations, guaranteed AVMs and guaranteed appraisals, alternative title products with E&O insurance such as credit based lien reports and platinum property reports.
For more information on FLDI's products and services, visit the company's Web site at www.fldi.com
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