North American Title is stronger than ever, has more resources at their disposal, and is backed by the financial strength and stability of one of the most financially responsible underwriters in the nation,
Bountiful, Utah (PRWEB) April 04, 2012
North American Title (NAT), a leading national title insurance agency, announced today it is expanding its underwriting flexibility with the entrance of its affiliated underwriter, North American Title Insurance Company (NATIC), into Utah. Effective immediately, NATIC’s title insurance products are available through North American Title (NAT). Flexibility is a critical element when underwriting commercial and residential real estate transactions. Legal opinions may vary from one underwriter to another but as an independent agent, North American Title (NAT) has the unique ability to seek creative solutions to service the real estate community. Having NATIC as an additional resource in Utah will assist North American Title in setting the standard for service excellence.
In order for a lender to protect its security interests in the loan, they require title insurance coverage. The ability to underwrite with multiple companies affords NAT the best position to secure title insurance in the state and help close more transaction. “Now NAT has an affiliated underwriting resource to offer Real Estate professionals in Utah,” said Pattie DeNunzio, Sales Account Manager for North American Title. “With the addition of NATIC, we are now agents for 6 of the nation’s largest title insurance companies, which significantly improves our underwriting capability.”
“In today’s competitive marketplace, it is important for real estate professionals to have the support of a team that has the resources to give them a competitive advantage. Now, with the help of NATIC, North American Title is stronger than ever, has more resources at their disposal, and is backed by the financial strength and stability of one of the most financially responsible underwriters in the nation,” said Michael Lewis, Utah’s Division Manager for North American Title.
NATIC is known for its distinctive title production solutions and exceptional pricing programs. NAT, as an affiliated agent of NATIC has access to these resources, business tools, and technologies. NATIC’s resources make it easier for NAT’s agents to offer the real estate community services designed to sharpen their competitive edge in the marketplace.
"The measure of success in this economic environment is changing rapidly and underwriters, such As North American Title Insurance Company, must continue to innovate and offer value through differentiated solutions," stated Emilio Fernandez, President, North American Title Insurance Company. "In Utah, we look forward to building upon our strong relationship with our affiliated agency NAT and in safeguarding the title to the properties of families and individuals."
About North American Title (NAT)
With well over 1,000 associates and a vast network of branches from coast-to-coast, North American Title is among the largest real estate settlement service providers in the United States. Consisting of both agent and underwriter operations, NAT has the resources and stability of a New York Stock Exchange Company with over $8.7 billion in assets (as of November 30th, 2010. Fiscal end-of-year.) North American Title’s agency network operates nationally under the name, North American Title Company (“NATC”), and is located from coast-to-coast in 16 of the fastest growing states: Arizona, California, Colorado, Florida, Illinois, Maryland, Minnesota, Nevada, New Jersey, New York, Pennsylvania, Texas, Utah, Virginia, Washington, DC and Wisconsin. Through a relationship with Fidelity National Agency Solutions, NATC can provide real estate settlement services in all 50 states. With annual net revenues in fiscal 2010 of approximately $141,000,000, NAT is among the largest independent title agencies in the United States. NAT is headquartered in Miami, Florida. To learn more, visit http://www.nat.com
About North American Title Insurance Company (NATIC)
North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping customers achieve the American dream of home ownership for over 50 years. NATIC, through its affiliated agency NATC, and vast network of independent agents, conducts real estate settlement services in 28 states. NATIC earned the reputation as the “underwriter next door,” because their associates are always easy to reach and their processes are, at all times, quick and straightforward. The NATIC agency application process is fast and transparent for qualified agents. NATIC has a one-hour underwriting response guarantee that is unparalleled in the industry.
NATIC is the largest capitalized company in Peer Group 2, which groups companies with capitalization between $25,000,000 and $100,000,000, as determined by Kroll Bond Rating Agency, Inc. NATIC is ranked 8th by The Performance of the Title Insurance Underwriters© in terms of cash or cash equivalents. North American Title Insurance Company maintains over $67,000,000.00 in cash or cash equivalents. This represents over 92% of the company’s assets and is characteristic of the most important attribute to Title Protection, namely, Financial Responsibility.
Demotech, Inc. awarded NATIC a rating of: A’ (A Prime) Unsurpassed. NATIC is headquartered in Miami, Florida. To learn more, visit http://www.natic.com
To Contact NAT
North American Title
110 North Main Street, Suite A
Bountiful, Utah 84010
Main Number: 801.296.2880