TRI Pointe announced today the launch of TRI Pointe Solutions, made up
of “TRI Pointe Connect” and “TRI Pointe Assurance,” a suite of home
buyer services that will provide end-to-end support throughout the
closing process. “TRI Pointe Connect,” formed as a joint venture with
imortgage, will provide mortgage related services, while “TRI Pointe
Assurance,” a wholly owned TRI Pointe company, will act as a title
agency for First American Title Insurance Company.
TRI Pointe Solutions is launching just four months after TRI Pointe’s
merger with the Weyerhaeuser Real Estate Company (WRECO), which operates
as five distinct home building companies (Pardee Homes, Quadrant Homes,
Winchester Homes, Trendmaker Homes and Maracay Homes) and its emergence
as one of the top 10 home building companies by equity market
capitalization in the United States. TRI Pointe Solutions is expected to
enhance TRI Pointe’s earnings growth and benefit home buyers by offering
a seamless buying and closing process.
TRI Pointe’s President and Chief Operating Officer Tom Mitchell
explained that, “Following the merger with WRECO, we turned our
attention to executing several key incremental income initiatives to
capitalize on the company’s expanded operations. These new mortgage and
title services are the beginning of the added value that we anticipate
from our diversified platform.”
TRI Pointe Connect will be launched across all TRI Pointe brands by
mid-2015, but will start with Quadrant Homes in the Puget Sound market,
where a preferred lender relationship with imortgage has already been
established. imortgage offers a broad product line including
underwriting and closing services to support customers’ needs. The
imortgage builder platform has produced the highest customer service
scores of all lenders measured by Eliant in 2014.
"It has been an honor to work with Quadrant Homes and align our
respective cultures to the benefit of homebuyers,” said Dean Bloxom,
President of imortgage. “To expand the partnership across all six of TRI
Pointe’s brands marks an exciting and momentous accomplishment for our
companies, and our pledge to continue to provide excellent service to
all our customers.”
TRI Pointe Assurance will first launch with Trendmaker Homes in Houston
providing title services and will expand to several other markets in the
near future. TRI Pointe Assurance will benefit TRI Pointe home buyers
and stockholders by streamlining the closing process.
“As a national underwriter, First American is pleased to work with TRI
Pointe because we share a common focus on delivering a positive closing
experience to new home buyers,” said Joseph S. Tavarez, president of
First American Title Insurance Company’s Homebuilder Services division.
About TRI Pointe
Headquartered in Irvine, California, TRI Pointe (NYSE: TPH) is one of
the top 10 largest public homebuilders by equity market capitalization
in the United States. The company designs, constructs and sells
innovative single-family homes and condominiums through its portfolio of
six quality brands, which include Maracay Homes of Arizona; Pardee Homes
of California and Nevada; Quadrant Homes of Washington; Trendmaker Homes
of Texas; TRI Pointe Homes of California and Colorado; and Winchester
Homes of Washington, D.C. and Virginia. Additional information is
available at www.tripointehomes.com.
About imortgage
Imortgage, a division of loanDepot LLC, is a leading private nonbank
national retail mortgage lender based in Scottsdale, AZ. Established in
1999, imortgage operates 80+ local branch offices throughout the United
States and is one of the fastest-growing, most well-respected retail
lenders in the country today. imortgage delivers a service-driven,
customer-focused home loan purchase experience which has earned the
company the exclusive Eliant Certification for Customer Service
Excellence. imortgage operates under NMLS# 174457. Learn more about
imortgage at imortgage.com.
About First American Title Insurance Company
First American Title Insurance Company, the largest subsidiary of First
American Financial Corporation (NYSE: FAF),
traces its history to 1889. One of the largest title insurers in the
nation, the company offers title services through its direct operations
and an extensive network of agents throughout the United States and
abroad. First American Title provides comprehensive title insurance
coverage and professional services for real estate purchases,
construction, refinances, and equity loans. For more information, visit www.firstam.com/title.
Copyright Business Wire 2014