Stewart Title Co., a wholly owned subsidiary of Stewart Information Services Corp., has introduced a Green Title Policy, which features electronic title and escrow services.
‘In a typical real estate transaction, the amount of paper and other resources used is staggering,’ says Stewart Morris Jr., president of Stewart Title Co. ‘Across the industry, depending upon the type of transaction, approximately 460 pieces of paper are generated in a single closing. Multiply that by all the industry's closings each year, and the implications are clear.’
Under the Green Title Policy, customers can electronically order their title and escrow services, have their title commitments and closing statements sent electronically, read their closing documents online and close their homes electronically.
Stewart Title offices will move to meet green requirements in the areas of environmental mindfulness, mixed-use recycling, advocacy, associate action and creative eco-solutions, the company adds.