CHICAGO, Nov. 17 /PRNewswire/ -- Chicago Title Insurance Co.'s CastleLink
division, a leading provider of title insurance and real estate-related
services, and DEXMA, a Minneapolis-based developer of Internet products and
solutions for the mortgage industry, today announced that they have entered
into a strategic business relationship through which CastleLink products and
services will now be available to all DEXMA customers.
This reciprocal relationship involves delivery of credit information,
credit scores, flood compliance products, real estate valuation services,
title insurance and title information products to DEXMA customers through a
single connection between Chicago Title's recently deployed technology
platform, the Electronic Spine, and DEXMA's Relate Communications Hub.
"The ability to access multiple pieces of information quickly through a
single connection to CastleLink, allows us to provide our customers with high
quality products and services," said Steve Mase, DEXMA president. "We
selected CastleLink as a technology partner because we felt they brought not
only product expertise, but also the experience of being at the forefront of
applying technology to the mortgage process, which will obviously benefit
DEXMA customers."
"We are convinced that using technology to form or improve business
relationships is one of the most important strategic issues facing us today,"
said Don Juhl, the Chicago Title senior vice president responsible for this
technology project. "Through our alliances with quality technology providers
like DEXMA, Chicago Title has been able to develop a new approach to real
estate information services that squarely addresses a new generation of
customer expectations."
Chicago Title's "Electronic Spine" is a multi-million dollar technology
initiative which allows CastleLink to provide total transaction management to
its customers, from the time of the mortgage application through the
post-closing and on into the servicing of the loan.
"DEXMA is providing cutting-edge Internet technology to the mortgage
industry, and our alliance provides CastleLink an efficient method for
delivering mortgage services to their customers," said Chris Canedy, senior
vice president of Chicago Title CastleLink. "We are thrilled about our
alliance with DEXMA, and look forward to broadening our relationship with them
as we work on other projects in the future."
DEXMA introduced the first software to combine Internet/intranet-based
loan origination and customer service/ portfolio retention with
state-of-the-art connectivity for the mortgage banking industry. The RELATE
suite of products is revolutionizing the mortgage banking industry by allowing
lenders to quickly create new internet consumer channels and providing
efficient and faster ordering of mortgage services at retail or wholesale
point of origination.
Chicago Title Insurance Co. is a subsidiary of Chicago Title Corporation
(NYSE: CTZ), which, through its subsidiaries, provides title insurance, escrow
and closing services, as well as property valuation, credit information, flood
compliance, property information/inspections and default services through a
network of more than 340 offices and approximately 4,100 agents nationwide.
Chicago Title Corporation's title insurance subsidiaries -- also including
Ticor Title Insurance Co. and Security Union Title Insurance Co. -- issue
approximately one in every five title insurance policies in the United States.
Subsidiaries furnishing other real estate-related products include Chicago
Title Flood Services Inc.; Chicago Title Credit Services Inc.; Chicago
Title -- Market Intelligence Inc.; Chicago Title Field Services Inc. and
Consolidated Reconveyance, a division of Chicago Title Insurance Co.
Founded in 1995, DEXMA is the first company exclusively devoted to
delivering Internet-based solutions to the mortgage industry. Its fully
integrated, comprehensive software integrates diverse systems belonging to the
many providers of services that are essential to the mortgage process. Today,
DEXMA provides an array of Application and Connection Services to 30% of the
25 largest loan originators. Customers include PNC Mortgage, National City
Mortgage, e-jumbo.com, FTMortgage, OldKent Mortgage and First Nationwide.
For more information about Chicago Title and DEXMA please visit:
http://www.ctt.com and http://www.dexma.com .
SOURCE Chicago Title Insurance Company
 back to top
Related links:
http://www.ctt.com
CONTACT:
Steve Flanagan of Chicago Title,
312-223-2959, or flanagans@ctt.com, or Sheila Plunkett of DEXMA,
612-831-4455, or splunkett@dexma.com
|
