First American acquires Title Security Agency
First American Financial announced it has fully acquired Title Security Agency. First American had been a minority owner of the title company for five years.
Title Security Agency, which specializes in title and escrow services for residential and commercial transactions will become a part of the direct operations of First American’s largest subsidiary, First American Title Insurance Company.
“Title Security Agency is a welcome addition to the First American family. Both companies emphasize a commitment to delivering superior service and innovation,” said Chris Leavell, chief operating officer at First American Title. “The addition of Title Security Agency expands our abilities to serve customers in Arizona and enhances our expertise in the Arizona market.”
With this acquisition, Title Security Agency customers will benefit from enhanced underwriting resources and title production capabilities, as well as access to other industry-leading resources for residential transactions.
Just two months ago, First American announced the launch of Endpoint, a new stand-alone company. Endpoint is a mobile-first title and escrow company that, according to First American, provides a re-imagined closing experience for buyers, sellers and real estate agents. First American has invested $30 million to develop and grow the company.
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