Title companies: ranked by total mortgages insured during 2004 in L.A. County.EXECUTIVE SUMMARY ALTHOUGH Fidelity National Title remained atop the list of Los Angeles title companies, as ranked by volume of mortgages insured, it was one of 15 companies that saw a decline in total volume during 2004. First American Title, No. 2 this year, narrowed the gap with Fidelity National to $3.3 billion this year. First American's market share rose as a result of its $1.7 billion total volume increase, the second biggest on the fist. No. 16 Alliance Tide moved up nine spots by registering the largest gain this year. Based on information gathered by DataQuick Information Systems, Alliance Title's volume increased by $3.7 billion, to $4.1 billion, and its market share jumped by 1.9 percent. The company declined to comment on the increases. The 25 largest title companies in Los Angeles County insured a combined 668,780 mortgages totaling $196.7 billion, down $15 billion or 7.1 percent from the year earlier. Refinances accounted for 461,599 mortgages totaling $129.9 billion while sales and construction mortgages accounted for the balance. THE TRENDS [GRAPHICS OMITTED] THE PACESETTER FIDELITY NATIONAL TITLE INSURANCE CO. FIDELITY National Title topped the list of title insurers in L.A. County for the fifth straight year by insuring 102,855 mortgages with an aggregate value of $29.4 billion. The Jacksonville, Fla.-based firm insured 18,265 fewer mortgages in 2004 than the year earlier, a drop in volume of $2.8 billion or 8.6 percent. Its market share in Los Angeles fell by 0.5 percent, to 14 percent last year. Refinances continued to be the largest source of business for Fidelity, accounting for $20 billion, or 70 percent, of total volume of mortgages insured. Refinancing activity fell following an increase in interest rates last year. "We will see a lower volume of refinances industrywide in 2005, but expect the resale market to remain strong," said Cindy Fried, Fidelity National's county manager and regional president. Fidelity's total resale volume increased by $2.5 billion, to $8.8 billion. Title insurance protects a buyer of real estate against potential fraud by researching the chain of title chain of title n. the succession of title ownership to real property from the present owner back to the original owner at some distant time. Chains of title include notations of deeds, judgments of distribution from estates, certificates of death of a joint tenant, foreclosures, judgments of quiet title (lawsuit to prove one's right to property title) and other recorded transfers (conveyances) of title to real property. to a property before a transaction closes. Buyers pay a one-time premium that lasts as long as they own the property. Fidelity targets all business sectors in Los Angeles and expects residential refinance and resale to be the biggest sector this year, according to Fried. Nationwide, Fidelity's network of title companies insures one in every three policies.
Rank Company (Ranking in 2004) Total Mortgages Refinance
* name Insured (1) * value
* address * dollar volume (in
(millions) millions)
* market * volume
share (2)
* number of
mortgages
insured
1 Fidelity National Title (1) $29,427 $19,984
6060 Sepulveda Blvd., Suite 100 14% 70,653
Van Nuys 91411 102,855
2 First American Title (2) 26,125.4 16,530.7
520 N. Central Ave. 12.4 59,380
Glendale 91203 85,103
3 Chicago Title (3) 22,420.2 14,266.7
535 N. Brand Blvd., Suite 300 10.6 41,312
Glendale 91203 62,720
4 Ticor Title (5) 11,855.5 8,615.9
500 N. Central Ave., Suite 500 5.6 35,588
Glendale 91203 48,689
5 Southland Title (4) 11,828.1 6,871.7
7530 N. Glenoaks Blvd. 5.6 28,573
Burbank 91504 46,492
6 Stewart Title (6) 10,444 7,281.8
525 N. Brand Blvd. 5 22,040
Glendale 91203 29,921
7 LandAmerica Lawyers Title (8) 10,035.5 6,074.8
251 S. Lake Ave., Fourth Floor 4.8 20,376
Pasadena 91101 32,072
8 Equity Title (7) 8,766.6 3,070.9
425 W. Broadway, Suite 300 4.2 8,240
Glendale 91204 22,030
9 North American Title (13) 6,953.7 4,464.4
520 N. Brand Blvd. 3.3 13,961
Glendale 91203 21,940
10 United Title (11) 6,916.3 5,537.3
3250 Wilshire Blvd., 18th Floor 3.3 18,884
Los Angeles 90010 23,617
11 LandAmerica Commonwealth 6,570 4,554.7
Land Title (12) 3.1 14,356
655 N. Central Ave., Suite 2200 20,690
Glendale 91203
12 LandAmerica Gateway Title (10) (3) 6,120.1 4,747.9
1405 N. San Fernando Blvd. 2.9 17,368
Burbank 91504 22,492
13 Investors Title (9) 5,677 3,586.1
101 E. Glenoaks Blvd. 2.7 12,159
Glendale 91207 18,554
14 Orange Coast Title (15) 5,152.2 3,912.3
14320 Firestone Blvd., Suite 300 2.4 18,310
La Mirada 90638 23,370
15 Old Republic Title (14) 4,745.6 3,572.8
450 N. Brand Blvd., Eighth Floor 2.3 15,579
Glendale 91203 19,542
16 Alliance Title (25) $4,447 $3,432.3
199 S. Los Robles Ave., Suite 810 2.1% 12,567
Pasadena 91101 16,573
17 Landsafe Title (16) 4,011 3,511.8
1515 Walnut Grove Ave., 1.9 17,490
Third Floor 19,865
Rosemead 91770
18 First Southwestern Title (18) 3,206 1,401.9
790 E. Colorado Blvd., Suite 400 1.5 4,840
Pasadena 91101 11,953
19 New Century Title (21) 3,038.2 2,683
200 E. Sandpointe Ave., Suite 800 1.4 11,443
Santa Ana 92707 12,917
20 Provident Title (20) 2,125.1 1,366.2
9300 Wilshire Blvd., Suite 100 1 3,319
Beverly Hills 90212 5,052
21 California Title (22) 1,903.1 515.7
15165 Ventura Blvd., Suite 245 0.9 1,353
Sherman Oaks 91403 4,797
22 Commerce Title (19) 1,662.3 1,249.6
550 N. Brand Blvd., Suite 200 0.8 4,768
Glendale 91203 6,405
23 American Coast Title (17) 1,555.8 1,437.8
1119 W. Glenoaks Blvd. 0.7 5,011
Glendale 91202 5,418
24 Progressive Title 927.3 615
425 W. Broadway, Suite 300 0.4 1,713
Glendale 91204 2,502
25 California Counties Title (23) 787.9 566.4
8707 Research Drive 0.4 2,316
Irvine 92618 3,211
Rank Company (Ranking in 2004) Sales Construction
* name * value * value
* address (in (in
millions) millions)
* volume * volume
1 Fidelity National Title (1) $8,750.9 $691.9
6060 Sepulveda Blvd., Suite 100 31,906 295
Van Nuys 91411
2 First American Title (2) 8,013.6 1,581.1
520 N. Central Ave. 25,426 297
Glendale 91203
3 Chicago Title (3) 7,091 1,062.5
535 N. Brand Blvd., Suite 300 21,054 354
Glendale 91203
4 Ticor Title (5) 3,129.9 109.7
500 N. Central Ave., Suite 500 13,005 96
Glendale 91203
5 Southland Title (4) 4,886.4 70
7530 N. Glenoaks Blvd. 17,846 73
Burbank 91504
6 Stewart Title (6) 2,518.3 643.4
525 N. Brand Blvd. 7,695 186
Glendale 91203
7 LandAmerica Lawyers Title (8) 3,415.7 545
251 S. Lake Ave., Fourth Floor 11,417 279
Pasadena 91101
8 Equity Title (7) 5,631 64.7
425 W. Broadway, Suite 300 13,745 45
Glendale 91204
9 North American Title (13) 2,314 175.3
520 N. Brand Blvd. 7,912 67
Glendale 91203
10 United Title (11) 122.3 156.8
3250 Wilshire Blvd., 18th Floor 4,670 63
Los Angeles 90010
11 LandAmerica Commonwealth 1,849.4 165.9
Land Title (12) 6,264 70
655 N. Central Ave., Suite 2200
Glendale 91203
12 LandAmerica Gateway Title (10) (3) 1,348.7 23.6
1405 N. San Fernando Blvd. 5,090 34
Burbank 91504
13 Investors Title (9) 1,650.1 440.8
101 E. Glenoaks Blvd. 6,219 176
Glendale 91207
14 Orange Coast Title (15) 1,178.6 61.3
14320 Firestone Blvd., Suite 300 5,004 56
La Mirada 90638
15 Old Republic Title (14) 1,138.7 34.1
450 N. Brand Blvd., Eighth Floor 3,930 33
Glendale 91203
16 Alliance Title (25) $993.2 $21.5
199 S. Los Robles Ave., Suite 810 13,977 29
Pasadena 91101
17 Landsafe Title (16) 495.6 3.7
1515 Walnut Grove Ave., 2,364 11
Third Floor
Rosemead 91770
18 First Southwestern Title (18) 1,790.4 13.6
790 E. Colorado Blvd., Suite 400 7,104 9
Pasadena 91101
19 New Century Title (21) 344.7 10.6
200 E. Sandpointe Ave., Suite 800 1,458 16
Santa Ana 92707
20 Provident Title (20) 707.2 51.8
9300 Wilshire Blvd., Suite 100 1,699 34
Beverly Hills 90212
21 California Title (22) 1,373.2 14.3
15165 Ventura Blvd., Suite 245 3,431 4
Sherman Oaks 91403
22 Commerce Title (19) 411.6 1.1
550 N. Brand Blvd., Suite 200 1,633 4
Glendale 91203
23 American Coast Title (17) 112 6
1119 W. Glenoaks Blvd. 401 6
Glendale 91202
24 Progressive Title 307.7 4.6
425 W. Broadway, Suite 300 785 4
Glendale 91204
25 California Counties Title (23) 217.3 4.2
8707 Research Drive 886 8
Irvine 92618
Rank Company (Ranking in 2004) Profile
* name * year established
* address * headquarters
1 Fidelity National Title (1) 1848
6060 Sepulveda Blvd., Suite 100 Jacksonville, Fla.
Van Nuys 91411
2 First American Title (2) 1964
520 N. Central Ave. Santa Ana
Glendale 91203
3 Chicago Title (3) 1847
535 N. Brand Blvd., Suite 300 Jacksonville, Fla.
Glendale 91203
4 Ticor Title (5) 1893
500 N. Central Ave., Suite 500 Orange
Glendale 91203
5 Southland Title (4) 1985
7530 N. Glenoaks Blvd. Burbank
Burbank 91504
6 Stewart Title (6) 1961
525 N. Brand Blvd. Glendale
Glendale 91203
7 LandAmerica Lawyers Title (8) 1925
251 S. Lake Ave., Fourth Floor Richmond, Va.
Pasadena 91101
8 Equity Title (7) 1980
425 W. Broadway, Suite 300 Glendale
Glendale 91204
9 North American Title (13) 1957
520 N. Brand Blvd. Walnut Creek
Glendale 91203
10 United Title (11) 1978
3250 Wilshire Blvd., 18th Floor Los Angeles
Los Angeles 90010
11 LandAmerica Commonwealth 1876
Land Title (12) Richmond, Va.
655 N. Central Ave., Suite 2200
Glendale 91203
12 LandAmerica Gateway Title (10) (3) 1967
1405 N. San Fernando Blvd. Richmond, Va.
Burbank 91504
13 Investors Title (9) 1982
101 E. Glenoaks Blvd. Glendale
Glendale 91207
14 Orange Coast Title (15) 1974
14320 Firestone Blvd., Suite 300 Santa Ana
La Mirada 90638
15 Old Republic Title (14) 1978
450 N. Brand Blvd., Eighth Floor San Francisco
Glendale 91203
16 Alliance Title (25) 1946
199 S. Los Robles Ave., Suite 810 Campbell
Pasadena 91101
17 Landsafe Title (16) 1995
1515 Walnut Grove Ave., Plano, Texas
Third Floor
Rosemead 91770
18 First Southwestern Title (18) 1989
790 E. Colorado Blvd., Suite 400 Pasadena
Pasadena 91101
19 New Century Title (21) 1998
200 E. Sandpointe Ave., Suite 800 Phoenix
Santa Ana 92707
20 Provident Title (20) 1986
9300 Wilshire Blvd., Suite 100 Beverly Hills
Beverly Hills 90212
21 California Title (22) 1999
15165 Ventura Blvd., Suite 245 Mission Viejo
Sherman Oaks 91403
22 Commerce Title (19) 1950
550 N. Brand Blvd., Suite 200 Dallas
Glendale 91203
23 American Coast Title (17) 1989
1119 W. Glenoaks Blvd. Glendale
Glendale 91202
24 Progressive Title 1973
425 W. Broadway, Suite 300 Glendale
Glendale 91204
25 California Counties Title (23) 1973
8707 Research Drive Irvine
Irvine 92618
Rank Company (Ranking in 2004) Top Local Executive
* name * name
* address * title
* phone
1 Fidelity National Title (1) Cindy Fried
6060 Sepulveda Blvd., Suite 100 president, county manager
Van Nuys 91411 (818) 881-7800
2 First American Title (2) Robert Schott
520 N. Central Ave. regional vice president
Glendale 91203 (818) 242-5800
3 Chicago Title (3) Mike Risser
535 N. Brand Blvd., Suite 300 county manager
Glendale 91203 (818) 548-0222
4 Ticor Title (5) Jim Reynolds
500 N. Central Ave., Suite 500 operations manager
Glendale 91203 (818) 265-0370
5 Southland Title (4) David Cronenbold Jr.
7530 N. Glenoaks Blvd. ceo, president
Burbank 91504 (818) 767-2000
6 Stewart Title (6) Nick Pappas
525 N. Brand Blvd. division president
Glendale 91203 (818) 502-2700
7 LandAmerica Lawyers Title (8) Sid Phair
251 S. Lake Ave., Fourth Floor county manager
Pasadena 91101 (626) 304-2700
8 Equity Title (7) Dave Erb
425 W. Broadway, Suite 300 president
Glendale 91204 (310) 470-1007
9 North American Title (13) Doug Murphy
520 N. Brand Blvd. So. Cal. regional manager
Glendale 91203 (818) 240-4912
10 United Title (11) Jerome Smolar
3250 Wilshire Blvd., 18th Floor ceo, president
Los Angeles 90010 (800) 464-4882
11 LandAmerica Commonwealth Robert Elliott
Land Title (12) county manager
655 N. Central Ave., Suite 2200 (818) 552-7000
Glendale 91203
12 LandAmerica Gateway Title (10) (3) Jim Kozel
1405 N. San Fernando Blvd. president
Burbank 91504 (818) 953-2300
13 Investors Title (9) Roberto Olivera
101 E. Glenoaks Blvd. president
Glendale 91207 (818) 476-4000
14 Orange Coast Title (15) Mike Marconi
14320 Firestone Blvd., Suite 300 executive vice president
La Mirada 90638 (213) 625-8455
15 Old Republic Title (14) David Conrad
450 N. Brand Blvd., Eighth Floor county manager
Glendale 91203 (818) 247-2917
16 Alliance Title (25) Ray Arias
199 S. Los Robles Ave., Suite 810 county manager
Pasadena 91101 (626) 396-3840
17 Landsafe Title (16) Paul Szymanski
1515 Walnut Grove Ave., president
Third Floor (626) 927-3100
Rosemead 91770
18 First Southwestern Title (18) David Kayton
790 E. Colorado Blvd., Suite 400 ceo
Pasadena 91101 (626) 568-9200
19 New Century Title (21) Richard Lisi
200 E. Sandpointe Ave., Suite 800 vice president
Santa Ana 92707 (949) 417-1900
20 Provident Title (20) Jerry Millsaps
9300 Wilshire Blvd., Suite 100 president
Beverly Hills 90212 (310) 247-4950
21 California Title (22) Jim Waterman
15165 Ventura Blvd., Suite 245 vice president
Sherman Oaks 91403 (818) 382-9889
22 Commerce Title (19) Gary Moratz
550 N. Brand Blvd., Suite 200 county manager
Glendale 91203 (818) 662-3500
23 American Coast Title (17) Frank Berriz
1119 W. Glenoaks Blvd. president
Glendale 91202 (818) 548-0001
24 Progressive Title Dave Erb
425 W. Broadway, Suite 300 president
Glendale 91204 (310) 470-1007
25 California Counties Title (23) Jim Gottwald
8707 Research Drive president
Irvine 92618 (949) 727-3900
N/A -- Not Applicable
(1) In L.A. County.
(2) Percentage based on dollar volume insured.
(3) Acquired by LandAmerica Financial Group Inc. in October 2003.
Note: Numerical date were supplied by DataQuick Information Systems.
Other information was provided by companies themselves. Companies are
ranked by total mortgage dollar volume insured during 2004 in L.A.
County. 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] 2005 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
Researched by David Nusbaum
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