Fiserv Inc.'s GATORS Settlement Services/Vendor Management division, which provides Web-enabled land title and settlement information services, has signed several new customers.
Westlake Village, Calif.-based Timios Inc., a provider of title insurance and settlement services to national and regional lenders nationwide, has begun using GATORS end-to-end settlement services and vendor management system in a licensed model.
Capstone Title Services Inc., which offers outsourced title services to settlement companies for real estate transactions in Arkansas, has also implemented the GATORS system to track title production, including title searches, reports and insurance. Capstone Title tracks incoming orders and auto-assigns the search to complete an insurable title commitment.
"Fiserv's GATORS application is designed to be a complete vendor management system that virtually eliminates the need to maintain separate and costly proprietary system interfaces between disparate trading partners," says Patty Jones, senior vice president with Fiserv's Fulfillment Services division.