BALTIMORE EOriginal Inc., a mortgage closing technology company, and Stewart Title Co. have announced a five-year agreement to deliver services online.
Stewart Title, a subsidiary of Houston-based Stewart Information Services Corp., has already licensed technology from eOriginal, which helped complete the first fully electronic mortgage last summer and boasts that its is the only technology compliant with both the E-Sign law and the Uniform Electronic Transaction Act.
The technology will be adopted by Stewart Title this quarter and made available to all its software users as well as in more than 5,400 Stewart title-issuing offices nationwide.
Our mission is to streamline the real estate transaction, said Darren Ross, director of electronic commerce at Stewart Title. The ability to close fully electronic loans that are legally enforceable and electronically transferable will help it do that, he said.