Below is a press release from Fidelity National Information Services
"Fidelity National Information Services, Inc. (NYSE:FIS) has signed and agreement with LandAmerica to implement FIS’ SoftPro Select, a title and closing production package that will power LandAmerica Link, LandAmerica’s enterprise wide title and escrow system. Built on Microsoft’s .NET platform, SoftPro Select is a technologically advanced real estate solution that can easily scale to serve LandAmerica’s more than 8,000 users in more than 800 direct offices nationwide. LandAmerica researched more than 40 alternatives before settling on SoftPro Select as the foundation for its single title and escrow system. “Having studied all the options, SoftPro was our absolute first choice,” said Melissa A. Hill, president for Residential Services at LandAmerica. “We are excited about the opportunities FIS and SoftPro Select bring to LandAmerica.”SoftPro is now the product of choice for two of the nation’s largest underwriters, LandAmerica and Fidelity National Financial, a Fortune 500 company that began deploying SoftPro’s closing and title solutions in all of its direct operations more than two years ago."
A few comments: Fidelity National Information Services aka FNIS, is a subsidiary of Fidelity National Financial, Inc., a direct competitor to LandAmerica, so it is noteworthy that FNIS would be interested in selling is technology to them. This seem to be a departure of the the thought that title/escrow software packages are used to get a leg-up on the competition to thinking of them as more of a commodity. But dont expect this to become a trend, as the other two main title underwriters, Stewart Title and First American Title ,are very entrenched in there own software packages (AIM and Streamline, respectivly) and would be unlikely to switch.
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