In the News
Title Alliance Celebrates 70th Anniversary Since Opening Their Parent Company, Title Abstract Compan
Title Alliance, Ltd, a RESPA-compliant ESOP leader in joint ventured title insurance agencies, is proud to celebrate its 70th anniversary since opening their parent company, Title Abstract Company of Pennsylvania, in 1948. The company has continued its success of conducting high-quality title insurance services to real estate agents and home buyers and is one of the leading title insurance agency management companies in the world.
Starting as an abstract company in 1946 and incorporated as Title Abstract Company of Pennsylvania on August 23, 1948, Title Alliance opened two locations on the same day, one in Media, PA and another in Upper Darby, PA. The locations were opened by Bill Cotter Sr. and his 15 associates. The company quickly advanced and by 1964, it had 12 offices and 50 employees. In 1952, the company formed a Profit-Sharing Plan, one of the first such plans in the United States and one of very few in the title business. In 1986 the company created its first ESOP (Employee Stock Ownership Plan), and reintroduced an ESOP in 2014 after it once again became an independent company, having sold to a national title company in the early 2000s.
“Title Alliance has been a leader in innovation for the last 70 years and we in the Cotter family are very proud of our father, grandfather, and great-grandfather Bill Cotter, Sr., and all the great innovations he made in the business and for his dedication to his staff,” says Bill Cotter, Chairman of Title Alliance.
“While our footprint has significantly expanded over the last seven decades, I’m proud that we have been able to maintain our family feel as a company,” says Jim Campbell, Chief Executive Officer. “Admittedly, as a growing company, it is not always easy to sustain a family atmosphere but I ultimately believe that maintaining our culture is the lifeline to our future success as an organization. Our ESOP depends on each and every one of us.”
Title Alliance now has 45 joint ventures with 60 branches across 11 states and within 6 regions. The company has 262 employees and became an ESOP Company, for the second time, in 2014. In 1964, the company created an outside Board of Directors, something that few, if any, title agencies did back then which still operates today. Today, the company has training, human resources, escrow, accounting, IT, sales, and marketing departments allowing for ample support to be provided to their joint ventures in the field.
“70 years is amazing. I’m honored and grateful to have been a part of this awesome company for about half of its life. Over the years, Title Alliance has reinvented itself from a Title Insurance Co. to a Title Joint Venture Management Company,” says Lillian ReDavid, Vice President and Chief Financial Officer who celebrated 34 years with the company this year. “I am most proud of our Culture and our Values- they are our way of life, not just words on a page. We are a Team and our employees share our achievements through our ESOP growth.” She concludes, “Our Partners share in the successes of each individual company through the service and dividends paid out.”
To learn more about Title Alliance or any of its joint ventures, please visit their official website at http://www.titlealliance.com.
For inquiries about opportunities to become part of the Title Alliance family through a Joint Venture or as an employee, contact Lindsay Smith, Director of Sale & Marketing at lsmith(at)titlealliance.com.
About Title Alliance:
Title Alliance, Ltd, an ESOP Company 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. Their roots date back to 1948 when their first agency, which is still in existence today, was formed. For more information or to find out how a Title Alliance partnership or title management skills could benefit you visit them online or contact Lindsay Smith at 800-220-3901 x 165.
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