As many of you know, Mid-Atlantic Settlement Services is one of many companies owned by Title Resource Group (TRG). This relationship gives us the advantage of being able to help local agents with referrals to out-of-state title companies, or to facilitate multi-state transactions. To that end, we are pleased to republish the following press release announcing that TRG has expanded into Louisiana. As a reminder, should you have a title need in ANY state, county or jurisdiction, please ask!
TITLE RESOURCE GROUP ANNOUNCES ACQUISITION OF EQUITY CLOSING SERVICES GROUP IN LOUISIANA
MT. LAUREL, N.J. and METAIRIE, La., (Feb. 2, 2009) – Title Resource Group (TRG), a full-service title, settlement and vendor management services company headquartered in New Jersey, today announced the acquisition of the assets of Equity Closing Services Group, LLC in Metairie, La., just outside of New Orleans. The firm, which was founded in 2003, will continue to operate under the Equity Closing name. The current leadership team of Paul Unkauf and Ray Benitez, the company’s former co-owners, will remain in place. The terms of the transaction were not disclosed.
Equity Closing Services Group, a title insurance agent and escrow company, will become TRG’s Louisiana platform for its Real Estate Owned (REO) property channel and its lender-driven title and escrow business.
“This acquisition will strengthen TRG’s presence in Louisiana and in the Southeast region, and does so with a local leadership team that has guided the company through the most difficult operating conditions following Hurricane Katrina in 2005,” said Don Casey, president and CEO of TRG. “Equity Closing Services Group also clearly shares our vision of innovation through technology, which we believe is paramount in operating a world-class title and escrow operation.”
“Our company’s success during the past five years has earned us this opportunity to become part of TRG, one of the nation’s leading settlement services companies,” said Unkauf. Benitez added, “We have been greatly impressed by the strategic vision of TRG’s business leaders, and we believe this change will ultimately prove to be a winning combination for us all.”
About Title Resource Group
Title Resource Group (TRG), a subsidiary of Realogy Corporation, is a full-service title, settlement and vendor management services company serving real estate companies, corporations and financial institutions in support of residential and commercial real estate transactions. Headquartered in Mount Laurel, N.J., TRG has approximately 2000 employees and 400 offices and is licensed in 43 states and the District of Columbia.
On behalf of Title Resource Group