Columbus, Ohio (PRWEB) September 03, 2013
Northwest Title, a family-owned and operated title insurance agency that has served the Columbus and Central Ohio market since 1967, has announced its merger with Arrow Title Agency, a title insurance agency serving clients in six states from its headquarters in Columbus.
Northwest Title President Scott Stevenson notes that Northwest’s long history in the residential real estate market in Columbus combined with Arrow’s wider array of services and geographic footprint make the two firms a perfect match. “These two companies complement each other wonderfully. Northwest has nine offices in the Columbus area, while Arrow has offices in other cities around the state as well as in Kentucky. The new company will be licensed to operate in six different states: Ohio, Kentucky, West Virginia, Michigan, Indiana and Florida. And Arrow brings experience in the commercial title insurance market to the team to go with our residential expertise.”
All existing local offices of Northwest Title and Arrow Title will maintain their name while operating under the Northwest Title corporate umbrella. The firm will also include a separate law practice with five attorneys.
The combined company will have over eighty employees and sixteen closing locations and Stevenson is also quick to point out that there are no plans for any reductions in staffing. In fact, Stevenson says the new firm plans to add positions aggressively, “We need all hands on deck because our plan is to grow and the current staffs of Northwest and Arrow are the foundation. One of the things that I highlighted with our team is the opportunity here because our plans are to grow and grow quickly.”
Jonathan Holfinger, President of Arrow Title, echoes Stevenson’s sentiments about the match: “Northwest Title and Arrow Title are two companies with similar visions and philosophies about our industry and about how our corporate culture should be. When you combine that with the fact that our footprints are complementary to each other, these two firms really do fit together perfectly.”
Stevenson also noted that he believes that larger regional firms like the combination of Northwest Title and Arrow Title will be the norm in coming years based on regulatory changes in the title industry. “New regulations coming from the Consumer Financial Protection Bureau will require larger investments in computer networks and data security. A larger firm will have the resources to keep up with the required improvements. So in addition to the fact that Northwest and Arrow are perfect matches for each other, we’re excited that we’ll have the size and strength necessary to provide the services that the residential and commercial real estate industries will need in the coming years. We are very excited for the future based on this new partnership.”
About Northwest Title’s Family of Companies
Northwest Title is a provider of real estate title insurance and legal services based in Columbus, Ohio. The firm operates sixteen retail title insurance offices, including nine Northwest Title offices in Columbus, six Arrow Title offices in Ohio (in Columbus, Newark, Martin’s Ferry, Lancaster, Chillicothe and Jackson), and one Arrow Title office in Florence, Kentucky. In addition, Northwest Title operates the Northwest Select Title Agency and the firm will have a sister law firm, The Holfinger Law Firm, Ltd., based in Columbus. Northwest Title is licensed to provide services in Ohio, Kentucky, West Virginia, Michigan, Indiana and Florida. For more information, visit http://www.nwtitle.com.