First
American Title Insurance Company, a leading provider of title
insurance and settlement services and the largest subsidiary of First
American Financial Corporation (NYSE: FAF), today announced its
acquisition of TitleVest Holdings Group, LLC. TitleVest is a leading,
New York City-based title agency offering a full range of title
insurance and related services for real property purchase and refinance
transactions.
As one of the country’s largest title insurance underwriters, First
American’s acquisition of TitleVest will expand the company’s operations
in the New York area.
“We’ve worked with TitleVest for years, so we know firsthand that our
companies share a common vision to deliver industry-leading service and
innovative products to our customers,” said Chris Leavell, chief
operating officer of First American Title Insurance Company. “TitleVest
is an important addition to the First American family in New York, where
our commitment to our customers and our agent partners across the state
is strong.”
Brian Tormey, TitleVest’s current chief operating officer, will continue
to lead the TitleVest operations and Bill Baron, CEO, will retire
following the acquisition.
"We are grateful for our clients’ trust and loyalty and we’re confident
that being a part of the First American family will only increase our
opportunity to provide our award-winning customer service to an even
broader audience," said Tormey.
“First American has a well-earned reputation for industry leadership,
from its innovative technology to its high standards for customer
service,” said Baron. “I’m pleased that our customers will benefit from
this and from the outstanding service they will continue to receive from
Brian and the TitleVest team.”
About TitleVest
Founded in 2000, TitleVest (www.titlevest.com)
is a leading New York City-based title insurance agency offering a full
range of title insurance and related services for real property purchase
and refinance transactions. TitleVest has earned the New York Law
Journal’s “Best Title Agency” award in both 2013 and 2014 as determined
by its annual Reader Rankings survey.
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 2015