Title companies: ranked by total mortgages insured during 2001 in L.A. county.Executive Summary LAST year's refinancing Refinancing An extension and/or increase in amount of existing debt. boom fueled by record-low interest rates increased both the number and dollar amount of mortgages insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. by the top title companies in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. After two years of declines, the dollar amount of mortgages insured by the county's 25 largest title companies jumped 77 percent, with refinances, sales and construction loans totaling $98.4 billion last year. The 448,000 loans granted by the top 25 title companies marked an 82 percent jump from 2000. Most of the overall jump was as a result of refinancing activity. Federal interest rate cuts, 11 of which totaled 4.25 percentage points during 2001, dropped mortgage rate levels to 6 percent toward the end of last year. As a result, top tide companies insured $66 billion in refis last year, triple the amount in 2000. The boom resonated all across the list, from market leader Fidelity Fidelity is a notion that at its most abstract level implies a truthful connection to a source or sources. Its original meaning dealt with loyalty and attentiveness to one's duty to a lord or a king, in a broader sense than the related concept of fealty. National Title, which doubled its insured dollar volume last year, to smaller companies like American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Coast Title and New Century Title, each of which more than tripled their insured dollar volume figures. Danny King THE PACESETTER FIDELITY NATIONAL TITLE INSURANCE CO. FOR the second straight year, Fidelity National Title Insurance Co. was the top insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. of mortgages in Los Angeles County. The Tarzana-based firm more than held its own during the year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. refinancing frenzy Frenzy Beatlemania term referring to the Beatles’ (rock musicians) immense popularity; manifested by screaming fans in the 1960s. [Pop. Culture: Miller, 172–181] Big Bull Market by tripling the volume of business generated by title insurance on refinanced mortgages. Fidelity National wrote title insurance on $10.5 billion worth of refinanced mortgages, about 70 percent of its total business, up from 46 percent in 2000. While the company failed to reach its stated goal of picking up an additional 3 percent market share last year, it still represented 15 percent of the county's title insurance market, up from 13.7 percent in 2000. In all, the company insured 67,542 loans in the county, about 12,000 more than its nearest competitor, First American First American may refer to:
Fidelity National Title is the largest of three subsidiaries of Fidelity National Financial Inc. Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. Title, parent company of Ticor Tide, is also a Fidelity National Financial subsidiary. Last month, Santa Barbara-based Fidelity National Financial created Property Insight, specifically for the purposes of combining all of the subsidiaries' databases into one information service provider. The parent company had a record year in 2001, reporting $305 million in net income, up from $108 million in 2000. [GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED] [GRAPH OMITTED]
Total Mortgages
Insured (1)
* dollar volume
Company (Ranking (millions)
in 2001) * market share (2)
* name * number of mortgages
RANK * address Insured
1 Fidelity National $15,190.6
Title (1) 14.97%
19019 Ventura Blvd. 67,542
Tarzana 91356
2 First American 12,689.3
Title (2) 12.5
520 N. Central Ave. 55,196
Glendale 91203
3 Chicago Title (3) 11,100.5
131 N. El Molino Ave., 10.94
Suite 150 40,911
Pasadena 91101
4 Southland Title (5) 6,352.7
7530 N. Glenoaks Blvd. 6.26
Burbank 91504 31,879
5 American Title (9) 5,506.5
550 N. Brand Blvd., 5.43
Suite 600 32,679
Glendale 91203
6 Equity Title (7) 5,486.7
425 W. Broadway, 5.41
Suite 300 18,818
Glendale 91204
7 Lawyers Title (8) 4,927.9
251 S. Lake Ave., 4.86
Fourth Floor 20,023
Pasadena 91101
8 Stewart Title (4) 4,567.6
505 N. Brand Blvd., 4.5
Suite 1200 16,493
Glendale 91027
9 Investors Title (12) 4,429.1
101 E. Glenoaks Blvd. 4.36
Glendale 91027 18,852
10 Commonwealth Land 4,008.2
Title (6) 3.95
801 N. Brand Blvd., 14,960
Suite 1200
Glendale 91203
11 North American Title (10) 3,787
520 N. Brand Blvd. 3.73
Glendale 91203 13,663
12 Gateway Title (15) 3,736.3
1405 N. San Fernando 3.68
Blvd. 16.893
Burbank 91504
13 Old Republic Title (11) 3,409.1
450 N. Brand Blvd., 3.36
Eighth Floor 17,167
Glendale 91203
14 United Title (13) 3,230.3
514 Shatto Place 3.18
Los Angeles 90020 15.831
15 South Coast Title (16) 2,118.8
4401 N. Atlantic Ave., 2.09
Third Floor 10.692
Long Beach 90807
16 Orange Coast Title (17) $1,832.1
14320 Firestone Blvd., 1.81%
Suite 300 10,732
La Mirada 90638
17 Landsafe Title (20) 1,696
1515 Walnut Grove Ave., 1.67
Third Floor 11,831
Rosemead 91770
18 Commerce Title (3) (19) 1,686
550 N. Brand Blvd., Suite 200 1.66
Glendale 91203 9,207
19 American Coast Title (22) 1,512.2
1119 W. Glenoaks Blvd. 1.49
Glendale 91202 7,300
20 Provident Title (18) 1,208.3
9300 Wilshire Blvd., Suite 100 1.19
Beverly Hills 90212 4,529
21 First Southwestern (21) 840.2
790 E. Colorado Blvd., .83
Suite 700 4,265
Pasadena 91101
22 California Counties Title (23) 540.9
17547 Ventura Blvd., .53
Suite 305 2,838
Encino 91316
23 Ticor Title (4) 523.2
131 N. El Molino Ave., .52
Suite 130 2,759
Pasadena 91101
24 New Century Title (24) 374.1
16485 Laguna Canyon Road, .37
Suite 210 1,946
Irvine 92618
25 California Title 327.6
15165 Ventura Blvd., .32
Suite 245 1,132
Sherman Oaks 91403
INMILLIONS
Company (Ranking
in 2001) Refinance Sales
* name Mortgages Mortgages
RANK * address Insured Insured
1 Fidelity National $10,518.8 $4,329.9
Title (1)
19019 Ventura Blvd.
Tarzana 91356
2 First American 7,989.7 4,014.8
Title (2)
520 N. Central Ave.
Glendale 91203
3 Chicago Title (3) 6,870.4 3,447.9
131 N. El Molino Ave.,
Suite 150
Pasadena 91101
4 Southland Title (5) 3,887.3 2,363.9
7530 N. Glenoaks Blvd.
Burbank 91504
5 American Title (9) 4,090.2 1,379.3
550 N. Brand Blvd.,
Suite 600
Glendale 91203
6 Equity Title (7) 2,102.2 3,329.7
425 W. Broadway,
Suite 300
Glendale 91204
7 Lawyers Title (8) 2,919.8 1,761.4
251 S. Lake Ave.,
Fourth Floor
Pasadena 91101
8 Stewart Title (4) 3,145.4 1,138.5
505 N. Brand Blvd.,
Suite 1200
Glendale 91027
9 Investors Title (12) 2,710 1,506.2
101 E. Glenoaks Blvd.
Glendale 91027
10 Commonwealth Land 2,503 1,384.4
Title (6)
801 N. Brand Blvd.,
Suite 1200
Glendale 91203
11 North American Title (10) 2,156.9 1,462.2
520 N. Brand Blvd.
Glendale 91203
12 Gateway Title (15) 2,731.6 966.3
1405 N. San Fernando
Blvd.
Burbank 91504
13 Old Republic Title (11) 2,571.6 800.5
450 N. Brand Blvd.,
Eighth Floor
Glendale 91203
14 United Title (13) 2,640.2 571.3
514 Shatto Place
Los Angeles 90020
15 South Coast Title (16) 1,455.2 648.2
4401 N. Atlantic Ave.,
Third Floor
Long Beach 90807
16 Orange Coast Title (17) $1,157.1 $598.6
14320 Firestone Blvd.,
Suite 300
La Mirada 90638
17 Landsafe Title (20) 1,529.2 166.2
1515 Walnut Grove Ave.,
Third Floor
Rosemead 91770
18 Commerce Title (3) (19) 1,214.7 467.8
550 N. Brand Blvd., Suite 200
Glendale 91203
19 American Coast Title (22) 1,391.6 105.1
1119 W. Glenoaks Blvd.
Glendale 91202
20 Provident Title (18) 811.6 376.2
9300 Wilshire Blvd., Suite 100
Beverly Hills 90212
21 First Southwestern (21) 610.8 228
790 E. Colorado Blvd.,
Suite 700
Pasadena 91101
22 California Counties Title (23) 418.4 113.6
17547 Ventura Blvd.,
Suite 305
Encino 91316
23 Ticor Title (4) 406.8 113.5
131 N. El Molino Ave.,
Suite 130
Pasadena 91101
24 New Century Title (24) 335.3 38.5
16485 Laguna Canyon Road,
Suite 210
Irvine 92618
25 California Title 148.5 179.1
15165 Ventura Blvd.,
Suite 245
Sherman Oaks 91403
INMILLIONS
Company (Ranking Profile
in 2001) Construction * year
* name Mortgages established (1)
RANK * address Insured * headquarters
1 Fidelity National $341.9 1983
Title (1) Santa Barbara
19019 Ventura Blvd.
Tarzana 91356
2 First American 684.9 1964
Title (2) Santa Ana
520 N. Central Ave.
Glendale 91203
3 Chicago Title (3) 782.3 1962
131 N. El Molino Ave., Chicago
Suite 150
Pasadena 91101
4 Southland Title (5) 101.6 1985
7530 N. Glenoaks Blvd. Burbank
Burbank 91504
5 American Title (9) 37 1993
550 N. Brand Blvd., Irvine
Suite 600
Glendale 91203
6 Equity Title (7) 54.8 1980
425 W. Broadway, Glendale
Suite 300
Glendale 91204
7 Lawyers Title (8) 246.6 1961
251 S. Lake Ave., Richmond, Va.
Fourth Floor
Pasadena 91101
8 Stewart Title (4) 283.7 1961
505 N. Brand Blvd., Glendale
Suite 1200
Glendale 91027
9 Investors Title (12) 212.9 1982
101 E. Glenoaks Blvd. Los Angeles
Glendale 91027
10 Commonwealth Land 120.8 1969
Title (6) Richmond
801 N. Brand Blvd.,
Suite 1200
Glendale 91203
11 North American Title (10) 167.9 1957
520 N. Brand Blvd. Walnut Creek
Glendale 91203
12 Gateway Title (15) 38.4 1967
1405 N. San Fernando Burbank
Blvd.
Burbank 91504
13 Old Republic Title (11) 37 1978
450 N. Brand Blvd., San Francisco
Eighth Floor
Glendale 91203
14 United Title (13) 18.8 1978
514 Shatto Place Los Angeles
Los Angeles 90020
15 South Coast Title (16) 15.4 1989
4401 N. Atlantic Ave., Long Beach
Third Floor
Long Beach 90807
16 Orange Coast Title (17) $76.3 1974
14320 Firestone Blvd., Santa Ana
Suite 300
La Mirada 90638
17 Landsafe Title (20) 0.5 1995
1515 Walnut Grove Ave., Rosemead
Third Floor
Rosemead 91770
18 Commerce Title (3) (19) 3.5 1986
550 N. Brand Blvd., Suite 200 Santa Ana
Glendale 91203
19 American Coast Title (22) 15.6 1989
1119 W. Glenoaks Blvd. Glendale
Glendale 91202
20 Provident Title (18) 20.5 1986
9300 Wilshire Blvd., Suite 100 Beverly
Beverly Hills 90212 Hills
21 First Southwestern (21) 1.5 1989
790 E. Colorado Blvd., Pasadena
Suite 700
Pasadena 91101
22 California Counties Title (23) 8.9 1972
17547 Ventura Blvd., Irvine
Suite 305
Encino 91316
23 Ticor Title (4) 2.9 1990
131 N. El Molino Ave., Santa
Suite 130 Barbara
Pasadena 91101
24 New Century Title (24) 0.2 1998
16485 Laguna Canyon Road, Phoenix
Suite 210
Irvine 92618
25 California Title NA 1999
15165 Ventura Blvd., Mission
Suite 245 Valley
Sherman Oaks 91403
Top Local
Company (Ranking Executive
in 2001) * name
* name * title
RANK * address * phone
1 Fidelity National Cindy Fried
Title (1) president,
19019 Ventura Blvd. county manager
Tarzana 91356 (818) 881-7800
2 First American Ted Moore
Title (2) president
520 N. Central Ave. (818) 242-5800
Glendale 91203
3 Chicago Title (3) Mike Risser
131 N. El Molino Ave., county manager
Suite 150 (818) 265-7873
Pasadena 91101
4 Southland Title (5) David Cronenbold Jr.
7530 N. Glenoaks Blvd. president, ceo
Burbank 91504 (818) 767-2000
5 American Title (9) Christoper White
550 N. Brand Blvd., branch manager
Suite 600 (818) 265-0370
Glendale 91203
6 Equity Title (7) Steve Barth
425 W. Broadway, executive v.p.
Suite 300 (310) 470-1007
Glendale 91204
7 Lawyers Title (8) Sid Phair
251 S. Lake Ave., L.A. County manager
Fourth Floor (626) 304-2700
Pasadena 91101
8 Stewart Title (4) Nick Papas
505 N. Brand Blvd., division president
Suite 1200 (818) 502-2700
Glendale 91027
9 Investors Title (12) Robert Snell
101 E. Glenoaks Blvd. president
Glendale 91027 (818) 476-4000
10 Commonwealth Land Roberto Olivera
Title (6) v.p., county manager
801 N. Brand Blvd., (818) 552-7000
Suite 1200
Glendale 91203
11 North American Title (10) Doug Murphy
520 N. Brand Blvd. So. Cal. regional manager
Glendale 91203 (800) 660-2728
12 Gateway Title (15) M. Evans/S. Burlingame
1405 N. San Fernando owners
Blvd. (818) 953-2300
Burbank 91504
13 Old Republic Title (11) Bob Elliott
450 N. Brand Blvd., L.A. County manager
Eighth Floor (818) 247-2917
Glendale 91203
14 United Title (13) Jerome Smolar
514 Shatto Place president
Los Angeles 90020 (213) 385-3600
15 South Coast Title (16) Scott Kobler
4401 N. Atlantic Ave., president
Third Floor (562) 422-0045
Long Beach 90807
16 Orange Coast Title (17) Mike Marconi
14320 Firestone Blvd., president
Suite 300 (213) 625-8455
La Mirada 90638
17 Landsafe Title (20) Michael Faine
1515 Walnut Grove Ave., president
Third Floor (626) 927-3100
Rosemead 91770
18 Commerce Title (3) (19) James Hall
550 N. Brand Blvd., Suite 200 v.p., county manager
Glendale 91203 (818) 551-4948
19 American Coast Title (22) Frank Berriz
1119 W. Glenoaks Blvd. president
Glendale 91202 (818) 548-0001
20 Provident Title (18) Jerry Millsaps
9300 Wilshire Blvd., Suite 100 president
Beverly Hills 90212 (310) 247-4950
21 First Southwestern (21) Steve George
790 E. Colorado Blvd., ceo
Suite 700 (626) 568-9200
Pasadena 91101
22 California Counties Title (23) Rick Mendiaz
17547 Ventura Blvd., regional sales
Suite 305 manager
Encino 91316 (818) 528-2801
23 Ticor Title (4) Kelly Nuno
131 N. El Molino Ave., v.p., So. Calif.
Suite 130 Manager
Pasadena 91101 (866) 842-6711
24 New Century Title (24) Al Chiecci
16485 Laguna Canyon Road, sr. vice president
Suite 210 (949) 417-1900
Irvine 92618
25 California Title Robert Neville
15165 Ventura Blvd., president, So.
Suite 245 Calif. Div.
Sherman Oaks 91403 (818) 382-9889
NA - Not Available
(1) In L.A. County.
(2) Market share is a percentage based on the total number of mortgages
insured, not their dollar value.
(3) On January 1st, 2002 the name Benefit Land Title Co. was changed to
Commerce Title.
(4) The company is a subsidiary of Fidelity National Financial.
Numerical data was supplied by DataQuick Information Systems. Other
information was provided by the companies themselves.
Note: To the best of our knowledge, this information is accurate as of
press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to the
Research Department, Los Angeles Business Journal, 5700 Wilshire Blvd.,
Suite 170, Los Angeles 90036. [C] 2002 Los Angeles Business Journal.
This list may not be reprinted in whole or in part without prior written
permissionfrom the editor. Reprints are available from Wright's
Reprints, (877) 652-5295.
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