Stewart Title Touts eClosing Advance

Stewart Title has announced another step toward the electronic closing of real-estate finance transactions with the completion of the sale of a single-family home using its eClosingRoom, integrated into its SureClose online transaction management system at Stewart Title of Wichita Falls, Texas.The all-cash closing called for sellers and buyer to use a simple "click to sign" process and a "sign-once, apply-many" signature capture process to affix their electronic signatures to the documents, including HUD-1 statements, the attorney disclosure, survey documents, the privacy policy notice, the 1099 and 1099 certification, and a Stewart Title disclosure. The warranty deed and Affidavit as to Debts and Liens needed to be "wet-signed" to conform to Wichita County requirements, the company said. Sellers and buyer accessed their SureClose transaction file via a user ID and password-protected website to review documents in advance of the closing. The eClosingRoom system was developed with Silanis Technology. Stewart Title can be found online at http://www.stewart.com.