Stewart, Silanis Unveil eClosingRoom

Stewart Title Co., Houston, and Silanis Technology Inc., St. Laurent, Quebec, have announced the launch of eClosingRoom, which they say is the first electronic closing platform that is fully integrated into an existing online transaction management system.The companies said the platform enables lenders to expedite the document preparation and delivery process while allowing consumers to review and sign many of their loan and other documents electronically before the closing meeting. "Lenders can deliver loan portfolios to the secondary market faster, reduce their paper-based costs, and pass on those cost savings to consumers," said Darren Ross, director of e-commerce at Stewart. Users access eClosingRoom through Stewart's SureClose transaction management system via a secure, password-protected website, Stewart said. The platform was unveiled at the Mortgage Bankers Association's annual convention in San Francisco. Stewart, a subsidiary of Stewart Information Services Corp., can be found online at http://www.stewart.com, and Silanis can be found at http://www.silanis.com.