Stewart Title Acquires BatchLeads & BatchDialer to Expand Tech Stack
Summary: Stewart Title, through its subsidiary PropStream, has acquired BatchLeads and BatchDialer from BatchService to strengthen its technology offerings and user base. The acquisition consolidates key tools for lead generation, prospecting, and communication into Stewart’s growing proptech platform. At the same time, BatchService will refocus exclusively on BatchData, its core real estate data platform, which now powers the majority of PropStream’s data.
In a move that underscores the accelerating convergence of title insurance and proptech, Stewart Information Services Corporation (NYSE: STC) has acquired BatchLeads and BatchDialer through its portfolio company PropStream. The acquisition signals Stewart’s continued investment in data-first innovation across real estate transactions, while positioning BatchData, formerly the parent company of the acquired platforms, as a standalone B2B data infrastructure provider poised for expansion.
This deal comes as large incumbents face increasing pressure to digitize workflows, reduce acquisition costs, and better serve both retail and institutional customers. By acquiring user-facing software products while simultaneously strengthening ties to the underlying data engine, BatchData and PropStream are positioning themselves at the center of the transition.
The Strategic Logic: Layering Workflow on Top of Data
Stewart Title’s acquisition strategy reveals a deeper structural insight about where value accrues in proptech. Historically, real estate data platforms and transaction enablement tools have been built separately, often with conflicting incentives. PropStream’s parent company is now taking the opposite approach, integrating the supply (data) and demand (agent workflows) sides of the ecosystem under one brand architecture.
BatchLeads and BatchDialer, both previously owned by BatchService, have developed substantial adoption among agents and investors who require granular, localized data and fast, automated outreach tools. Together with PropStream’s robust national dataset, covering over 160 million properties, and its parent company’s trust and distribution footprint, the combination effectively creates an all-in-one stack for prospecting, evaluating, and converting residential real estate opportunities.
Meanwhile, BatchData, the infrastructure platform formerly sharing ownership with BatchLeads and Dialer, will operate as a standalone entity. The company now assumes the role of a neutral API-layer data provider, supplying PropStream and others with continuously enriched datasets and predictive analytics tools.
A Modern Rebundling of the Real Estate Stack
The move is best understood through the lens of enterprise SaaS and vertical integration strategy. In legacy real estate, data was siloed across title companies, county records, brokers, and marketing platforms. This produced friction at every level—from underwriting and compliance to simple tasks like lead follow-up. In the past five years, however, a wave of new entrants like PropStream, Reonomy, and Plunk have begun unifying data layers, while CRMs like Follow Up Boss or Close have attempted to create clean, customer-facing UI. Few have succeeded in bridging the two.
By consolidating BatchLeads and BatchDialer under the PropStream brand, Stewart aims to deliver a user-centric workflow environment informed by real-time, enriched data, delivered via an API layer. PropStream will now serve as both a prospecting engine and a transaction intelligence platform, particularly for residential investors and operators. It also introduces the possibility of adding downstream services—such as financing, insurance, or title—into the workflow itself.
This bundling of upstream infrastructure and downstream engagement mirrors the trajectory seen in fintech, where vertical platforms like Toast, Brex, or Ramp succeeded by controlling both the transaction infrastructure and user interface. It also reflects a maturing proptech market, in which firms that merely aggregate data or sell standalone tools face increased pressure to demonstrate integration, automation, and ROI.
BatchData: Infrastructure Focus and the API Economy of Real Estate
For BatchData, the spin-out marks a return to its original vision, to serve as a neutral infrastructure layer for any proptech or institutional investor platform that requires enterprise-grade real estate data.
"With Stewart Title as our largest customer, we are incredibly well-positioned for accelerated growth and innovation," said Jesse Burrell, co-founder of BatchData. The company has committed to consolidating all data operations, including BatchSkipTracing, under the BatchData umbrella. This will enable it to serve not only PropStream but a wider array of clients through highly customizable API endpoints.
With more than 150 million properties in its database and feedback loops from 20,000+ users, BatchData sits at a unique intersection: it is part data vendor, part machine learning lab, and part digital infrastructure provider for proptech startups and enterprise firms. The firm’s ability to abstract complex property datasets and serve them in developer-friendly endpoints is part of a broader shift toward modular, composable infrastructure in real estate technology, one where data, workflows, and services can be stitched together like building blocks.
This unbundled architecture is exactly what made the rebundling of PropStream with BatchLeads and Dialer possible and potentially transformative.
Strategic Implications: What This Means for Proptech
This acquisition illustrates three larger trends reshaping the proptech sector:
Full-Stack Consolidation: As the venture cycle matures, platforms that once competed in narrow verticals, such as data, outreach, and transaction management, are merging to offer comprehensive lifecycle support. PropStream is evolving into a platform that begins with lead generation and may ultimately lead to ownership transfer.
Infrastructure Layer Specialization: BatchData’s decoupling from its end-user applications enables it to focus on its infrastructure-as-a-service model. In doing so, it follows the path of Stripe or Plaid in fintech, or Snowflake in data warehousing, serving multiple layers of the value chain from a single backbone.
Title Companies as Digital Platform Owners: Stewart’s role signals a sea change in how traditional real estate incumbents view technology. Rather than merely partnering with proptech startups, Stewart is building a stack that spans the data, user experience, and transaction layers. This could be a signal to other title and escrow providers to consider similar moves, especially as margins tighten in core services.
