First American reports that it has fully acquired Title Security Agency, an Arizona-based company specializing in title and escrow services for residential and commercial transactions.
First American had been a minority owner of the company for five years.
Title Security Agency has 17 offices in Arizona. It is now part of the direct operations of First American’s largest subsidiary, First American Title Insurance Co.
“Title Security Agency is a welcome addition to the First American family,” says Chris Leavell, chief operating officer at First American Title, in a release. “Both companies emphasize a commitment to delivering superior service and innovation.”
Leavell adds that the addition of Title Security Agency “expands our abilities to serve customers in Arizona and enhances our expertise in the Arizona market.”
Title Security Agency customers will benefit from enhanced underwriting resources and title production capabilities, as well as access to other industry-leading resources for residential transactions.
“I’m excited about the new opportunities for Title Security Agency staff to serve our customers as the Arizona real estate market continues to grow,” says Thomas Sullivan, founder of Title Security Agency.
Vivian Boggie, president of Title Security Agency, along with Bruce Jacobs, chief operating officer, and Mary Ann Christensen, senior vice president, will remain with the company and manage the day-to-day operations.