We are reporting on title industry acquisitions that have made the news for the year’s end
There are many moving parts in the title industry. Advances in staffing, technology, and management can propel organizations to new levels.
This article serves as a home for news on title industry acquisitions, particularly involving major title companies and those on the cusp of becoming market leaders.
The first title industry acquisition we are reporting on today comes from First American Financial Corporation. According to Street Insider, “First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the signing of an agreement to acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America going forward.”
The article continues with a quote from Kevin Wall, president of First American Mortgage Solutions, on what this acquisition means to the company’s future. “This move will further solidify First American’s industry leadership in post-closing services and collateral file perfection,” said Wall. “It demonstrates our ability and commitment to provide lenders, servicers and investors post-closing services at an unmatched scale and level of efficiency, supported by fraud detection, loan quality and compliance analytics, and First American’s number-one industry position in real property data coverage.”
Our next story looks at KBC Group NV and its recent acquisition of shares in Realogy Holdings Corp. Dispatch Tribunal reports, “KBC Group NV raised its position in shares of Realogy Holdings Corp (NYSE:RLGY) by 736.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,966 shares of the financial services provider’s stock after acquiring an additional 117,949 shares during the quarter. KBC Group NV owned approximately 0.10% of Realogy worth $4,414,000 at the end of the most recent quarter.”
Next, we move to a company that was acquired by a subsidiary of Realogy Holdings Corp. This company is Climb Real Estate. RISMedia reports, “Climb Real Estate has added Campbell, Calif.-based Mainstream Real Estate Group, bringing on 16 real estate professionals, the company recently announced.”
The article continues with a quote from Matt Mueller, co-founder of Mainstream Real Estate Group. “Providing exceptional service that is instilled in Climb’s culture means our clients will now have the ability to leverage the national reach of NRT within the powerful Climb brand.”
Our final story on title industry acquisitions visits Stanley Martin Communities. According to PR Newswire, “Stanley Martin Communities announced today that it has entered into an agreement to acquire substantially all of the homebuilding assets of FrontDoor Communities in Atlanta, Georgia and Charleston, South Carolina. The transaction is expected to close in January 2018.”
We will continue to update this article when newsworthy acquisitions take place in the title industry.
Resources for this title industry article:
- “First American Financial (FAF) to Acquire Bank of America’s (BAC) Lien Release Business Operations and Assets”. Street Insider. Accessed 12/9/17.
- “KBC Group NV Acquires 117,949 Shares of Realogy Holdings Corp (NYSE:RLGY)”. Dispatch Tribunal. Accessed 12/26/17.
- “Climb Real Estate Adds Mainstream Real Estate Group”. RISMedia. Accessed 12/27/17.
- “Stanley Martin to Acquire the Homebuilding Operations of FrontDoor Communities”. PR Newswire. Accessed 12/26/17.