While 2023 has been all about recognizing its overall 75-year history for Title Alliance, the national real estate title and escrow company is also celebrating a profitable period percentage-wise over the last few months.
MEDIA, Pa., June 22, 2023 /PRNewswire-PRWeb/ -- While 2023 has been all about recognizing its overall 75-year history for Title Alliance, the national real estate title and escrow company is also celebrating a profitable period percentage-wise over the last few months.
Even with the uncertain market conditions overall in real estate, the company reported a more than 150 percent spike in profits during the first four months of this year compared to 2022. Though much of these gains were achieved by streamlining some parts of the Title Alliance operation, order count has remained high through the first half of 2023 – a direct testament to the efforts of the Title Alliances teams and their partners.
CEO Jim Campbell also credits the strong bottom line to planning and the willingness to reinvent the company if the need arises. Sometimes, like its current one, these periods of "reinvention" are internal and relatively minor in scope to an outsider. Other times, they are more groundbreaking. In fact, one of the previous reinventions was when the company chose to focus exclusively on forming and operating joint ventures in 1983.
"We've used this current market to dig deep and be honest with ourselves in order to figure out what is working versus what is not and make the tough decisions to move forward," Campbell said about the present day. "Reinvention and innovation are never easy- innovation and changing markets are always difficult, but ultimately, the tough times make you stronger."
Despite this success - and the belief that these strong profits will continue to grow into the Q4 of 2023 thanks to the changes already put in place - Title Alliance remains realistic about what the rest of the year holds for all of us in real estate. This includes lower transaction numbers and other softer results.
"The Title Alliance family has been preparing for this over the last 15 months," Campbell said. "We feel we hit the dip and are ready to keep excelling. However, even if there are more obstacles in the future, we are ready for them to come our way."
With a tagline of "Building Businesses. Growing Profits," Title Alliance works with stakeholders to ensure compliant and profitable operations all over the country. Though based in Pennsylvania, the company has a strong presence in the western part of the country, and its national footprint spans 12 states. Though the company has been celebrating 75 years in business all year, its official birthday, Aug. 23, is quickly approaching.
Media Contact
Andrea Robinson, Title Alliance, 4848325896, arobinson@titlealliance.com
SOURCE Title Alliance
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