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Title Alliance Announces Employee Ownership Doubles with Rapid Growth
Media, PA (October 30, 2019) – Title Alliance, Ltd. (Title Alliance), which has 40 joint ventured title insurance agencies across the country, is proud to announce it has doubled the percentage of the company owned by its team members through the company’s Employee Stock Option Plan (ESOP) Trust. This comes as the country recognizes the importance of National Employee Ownership month in October and on the heels of the company’s annual meeting that was held October 6-7th in Newtown Square, PA.
Title Alliance is now 40% employee owned, which is double where the RESPA-compliant company was at the start of 2019. Title Alliance’s Employee Stock Ownership Plan (ESOP) includes important benefits such as a strong retirement plan with no out-of-pocket contributions, job stability and pride in ownership for the team members who dedicate themselves to achieving the company’s vision. The ESOP was first established in 2014.
“Studies have shown ESOP owners have 3.5 times more retirement funds than their non-ESOP owning peers. It is no secret that everyone wants to retire one day, and with that end in mind, Title Alliance wanted to provide a platform that allows our team members to retire and maintain their lifestyle,” said Jim Campbell, CEO of Title Alliance. “The equity in our ESOP Trust allows our team members to do just that and we’re thrilled that we’ve doubled our percentage to 40% employee owned in the last year alone.”
Title Alliance’s business model is to form successful single and multi-state title joint ventures with lenders, realtors and builders. They work with partners to establish in-house title and settlement operations, dramatically enhancing customer service and increasing profits.
“Our employees are the lifeblood of our company.” Campbell continues, “Being in the partnership business, it only seemed fitting that they have a stake in our success.”
“Title Alliance is a great place to work, but it means even more knowing that as one of the employee owners of the ESOP Trust, my future is positively impacted by the company’s success. Knowing that, I am more committed than ever to assure that each customer receives exceptional levels of attention and service,” said ESOP member, Kimberley Olshefski.
The announcement comes as the Pennsylvania company opens its first Western U.S. Regional Headquarters in Phoenix, where the company has 10 local title and escrow offices. The headquarters will serve to support Arizona employees and jump start new expansion into Western states, beginning with Idaho.
About Title Alliance:
Title Alliance’s roots date back to 1948 when the first agency, which is still in existence today, was formed in Media, Pennsylvania. Since 1983, the company has been forming successful single and multi-state title joint ventures with lenders, realtors, and builders. Title Alliance works with partners to establish in-house title and settlement operations, dramatically enhancing their customer service and increasing their profit. Title Alliance’s family of companies is currently in 11 states with 60 total offices. More information at www.titlealliance.com.
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