During the fiscal year of 2013, Title Alliance, a leader in RESPA compliant title insurance joint ventures, reported their 35 joint ventures turned a total profit of $6,581,101. The 2013 total profit level is a 20% increase from 2012, where the joint ventures turned a profit of $5,485,511.
The success of the affiliated joint ventures has been consistent throughout the years. Since 2000, the affiliated joint ventures turned a total profit of $49,514,873.30. With Title Alliance managing the back-end support for each entity, such as accounting, administration, compliance, recruiting, and marketing, the continued increase of profit each year allows the partners to focus on growing their staff and business, servicing more commercial and residential transactions each year.
The affiliates in Ohio had an impressive jump in profit from 2012 to 2013. The joint ventures turned a profit of $2,168,294, which was a 50% increase from 2012, where they profited $1,445,269. America Land Title Affiliates, of Akron, Ohio, is utilizing this increase of profit to expand and add a dedicated commercial division by hiring a Commercial Specialist.
Title Alliance has joint ventures in Pennsylvania, Ohio, New Jersey, New York, Virginia, and Maine. They are working on expanding that footprint in 2014.
“We are proud to see continued growth from all of our joint ventures,” said Jim Campbell, Partner of Title Alliance. “Forming and running a title company requires a significant amount of work and by working with us, we take some of that away, allowing our partners to focus on the core of their business. This creates a powerful competitive advantage that is unmatched and allows them to be successful. It’s amazing how far we have come since 1983!”
About Title Alliance:
Title Alliance, Ltd. is located in Media, PA and has been creating RESPA compliant title joint ventures since 1983 with lenders, mortgage bankers, realtors, builders and credit unions. For more information or to find out how a Title Alliance's partnership or title management skills could benefit you contact us.
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