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NEXTACE'S $100 MILLION IN INDUSTRY SAVINGS
MORE THAN JUST A BIG NUMBER

NextAce Processing Title Orders Every 10 Seconds

ORANGE, Calif. - March 5, 2012 - NextAce Corporation today announced that its patented title production and workflow platform that connects and automates all major functions of the title search and production process has now saved the title industry more than $100 million in labor and production costs. NextAce charts daily industry savings on its home page, a figure based on an average savings produced from up to 1.5 hours of labor and overhead reductions associated with every title order processed by NextAce.

“Combined with resale and foreclosure transactions, the nation's refinance cycle has maintained title insurance activity during the housing downturn,” said NextAce CEO Don Cantral. “Our automated title search and production process has increasingly gained acceptance and momentum nationwide as the pressure on title companies to expedite reports has remained intense. On average, we process an order somewhere in the country every 10 seconds.”

“NextAce drastically improves our firm's title order turn times and product delivery,” said Southwest Title Group's Natalie Bombardier, the manager of a combined production facility for the Fidelity family of companies. “As a high volume shop, we have come to rely on NextAce as an integral part of our processes. We can see a day when this will become a no-touch product.”

As a proven resource to many top title companies nationwide, NextAce's patented technology has evolved into a powerful production and workflow platform that connects and automates all major functions of the entire title production process. Today, NextAce delivers a national footprint for automated title production and does so from virtually any data source. Property search and title-related products, including the recently introduced SearchQ Property Ownership and Debt Report service, are available in over 1,600 counties through automation and a national abstractor network supports the remainder of the country.

About NextAce
With more than 2.5 million title orders processed since the company's founding in 2003, NextAce is the financial industry's technology leader in providing automated real estate intelligence for the title insurance, mortgage lending, foreclosure, real estate, and investment markets. NextAce patented technology has evolved into a powerful production and workflow platform that connects and automates all major functions of the entire title production process, making NextAce the fastest, smartest, and most affordable choice for real property intelligence today. www.nextace.com


Media Contact

Geri Shaw
714.953.9300
geri.shaw@nextace.com
http://www.nextace.com