Title companies.Ranked by total 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. during 2002 in L.A. County EXECUTIVE SUMMARY RIDING the wave of record-low interest rates, the volume of mortgages insured by the 25 largest title insurance firms in L.A. County increased to $155.7 billion, a 54 percent increase over 2001 levels. With 30-year fixed mortgage rates dipping dipping application of insecticide in large volume, dilute solution over the entire body for the purpose of controlling external parasites. It may be done in a plunge bath where the animal is totally immersed and must swim to the other end, or by spray dip where the animal passes below 6 percent, refinancings accounted for more than 70 percent of the volume. The value of L.A. County mortgage refinancing Refinancing An extension and/or increase in amount of existing debt. hit $111.3 billion in 2002, a two-thirds increase over the year earlier. Sales volume increased as well, with insurance written on $41.1 billion in sales in 2002, a 30 percent increase over 2001. All of the companies on the list registered gains for the year, ranging from the 20 percent increase posted by No. 17 Diversified diversified (di·verˑ·s Title and Escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. Services, formerly South Coast Title, to No. 23 California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Title, which tripled its mortgage volume. California Title, along with No. 7 Equity Title were the only two companies to go against the refinancing trend, with a majority of underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. derived de·rive v. de·rived, de·riv·ing, de·rives v.tr. 1. To obtain or receive from a source. 2. from sales mortgages. Nicole Taylor Taylor, city (1990 pop. 70,811), Wayne co., SE Mich., a suburb of Detroit adjacent to Dearborn; founded 1847 as a township, inc. as a city 1968. A small rural village until World War II, it developed significantly in the second half of the 20th cent. THE PACESETTER 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 INSURANCE CO. WITH $22.8 billion worth of mortgages insured 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 in 2002, Fidelity National Title Insurance Co. was the largest tide 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. for the third consecutive year. In posting a 50 percent increase in volume in 2002, Fidelity could not keep up the torrid pace it set in 2001, when it doubled its volume over the previous year. Fidelity also lost 0.57 percent in market share, for 14.4 percent of the L.A. market. The firm still recorded more than $3 billion in mortgage volume and 9,000 more loans insured than No.2 First American First American may refer to:
The lion's share all, or nearly all; the best or largest part; - from Æsop's fable of the lion hunting in company with certain smaller beasts, and appropriating to himself all the prey. See also: Lion of Fidelity's growth came from refinancings, accounting for three-fourths Noun 1. three-fourths - three of four equal parts; "three-fourths of a pound" three-quarters common fraction, simple fraction - the quotient of two integers of its total business. Fidelity recorded a 62.3 percent increase in its refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. activity in 2002. Refinance mortgages insured totaled $17.1 billion, compared to $10.5 billion in 2001. The balance came largely from sales, in which Fidelity registering a 25.6 percent increase over 2001, to $5.4 billion. Fidelity National Title, along with No. 3 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 and No. 21 Ticor Title, are subsidiaries of industry giant Fidelity National Financial Inc. The parent company became the largest title insurance company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. after its 2000 acquisition of Chicago Title Corp. and now accounts for 30 percent of all title insurance policies nationally. Nicole Taylor [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]
Total Mortgages
Rank Company (Ranking in 2002) Insured (1)
* name * dollar volume (millions)
* address * market share (2)
* number of mortgages
insured
1 Fidelity National Title (1) $22,762.1
6060 Sepulveda Blvd. 14.4%
Van Nuys 91411 88,854
2 First American Title (2) 19,685.3
520 N. Central Ave. 12.45
Glendale 91203 79,884
3 Chicago Title (3) 16,101.1
535 N. Brand Blvd., 10.19
Suite 400 54,424
Glendale 91208
4 Southland Title (4) 9,917.6
7530 N. Glenoaks Blvd. 6.27
Burbank 91504 47,459
5 American Title (5) 8,664
550 N. Brand Blvd., 5.48
Suite 600 48,386
Glendale 91203
6 Stewart Title (8) 8,325.3
505 N. Brand Blvd., 5.27
Suite 1200 29,757
Glendale 91203
7 Equity Title (6) 8,286.1
425 W. Broadway, Suite 300 5.24
Glendale 91204 25,775
8 Lawyers Title (7) 7,228.2
251 S. Lake Ave., Fourth Floor 4.57
Pasadena 91101 27,696
9 Investors Title (9) 6,362.7
101 E. Glenoaks Blvd. 4.03
Glendale 91203 25,180
10 Gateway Title (12) 6,277.3
1405 N. San Fernando Blvd. 3.97
Burbank 91504 26,266
11 Land American Common 5,976.3
Wealth (10) (4)
655 N. Central Ave, 3.78
22nd Floor 22,390
Glendale 91203
12 North American Title (11) 5,201.6
520 N. Brand Blvd. 3.29
Glendale 91203 18,169
13 United Title (14) 4,652.3
3250 Wilshire Blvd., 2.94
18th Floor 20,268
Los Angeles 90010
14 Old Republic Title (13) 4,475.3
450 N. Brand Blvd., 2.83
Eighth Floor 17,610
Glendale 91203
15 Orange Coast Title (16) 3,096.9
14320 Firestone Blvd., 1.96
Suite 300 16,725
La Mirada 90638
16 Landsafe Title (17) $2,924.7
1515 Walnut Grove Ave., 1.85%
Third Floor 18,481
Rosemead 91770
17 Diversified Title and Escrow 2,551.8
Services (15) (5)
4401 N. Atlantic Ave., 1.61
Third Floor 11,146
Long Beach 90807
18 American Coast Title (19) 2,534.3
1119 W. Glenoaks Blvd. 1.6
Glendale 91202 11,361
19 Commerce Title (18) (8) 2,338.8
550 N. Brand Blvd., Suite 200 1.48
Glendale 91203 11,361
20 Provident Title (20) 2,054.3
9300 Wilshire Blvd., Suite 100 1.3
Beverly Hills 90212 6,543
21 Ticor Title (23) 1,947.1
131 N. El Molino Ave., Suite 130 1.23
Pasadena 91101 8,914
22 First Southwester Title (21) 1,592.6
790 E. Colorado Blvd., Suite 700 1.01
Pasadena 91101 7,270
23 California Title (25) 1,310.5
15165 Ventura Blvd., Suite 245 0.83
Sherman Oaks 91403 3,939
24 New Century Title (24) 722.6
16485 Laguna Canyon Road, 0.46
Suite 210 3,501
Irvine 92618
25 California Counties Title (22) 702.9
17547 Ventura Blvd., Suite 305 0.44
Encino 91316 3,439
IN MILL IONS
Rank Company (Ranking in 2002) Refinance
* name Mortgages Insured
* address
1 Fidelity National Title (1) $17,068.3
6060 Sepulveda Blvd.
Van Nuys 91411
2 First American Title (2) 13,599.7
520 N. Central Ave.
Glendale 91203
3 Chicago Title (3) 11,012.3
535 N. Brand Blvd.,
Suite 400
Glendale 91208
4 Southland Title (4) 6,818.8
7530 N. Glenoaks Blvd.
Burbank 91504
5 American Title (5) 6,898.4
550 N. Brand Blvd.,
Suite 600
Glendale 91203
6 Stewart Title (8) 6,114.4
505 N. Brand Blvd.,
Suite 1200
Glendale 91203
7 Equity Title (6) 3,868.3
425 W. Broadway, Suite 300
Glendale 91204
8 Lawyers Title (7) 4,877.4
251 S. Lake Ave., Fourth Floor
Pasadena 91101
9 Investors Title (9) 4,069.1
101 E. Glenoaks Blvd.
Glendale 91203
10 Gateway Title (12) 4,959.1
1405 N. San Fernando Blvd.
Burbank 91504
11 Land American Common 3,994.3
Wealth (10) (4)
655 N. Central Ave,
22nd Floor
Glendale 91203
12 North American Title (11) 3,508.9
520 N. Brand Blvd.
Glendale 91203
13 United Title (14) 4,055.5
3250 Wilshire Blvd.,
18th Floor
Los Angeles 90010
14 Old Republic Title (13) 3,408
450 N. Brand Blvd.,
Eighth Floor
Glendale 91203
15 Orange Coast Title (16) 2,334.6
14320 Firestone Blvd.,
Suite 300
La Mirada 90638
16 Landsafe Title (17) $2,676.3
1515 Walnut Grove Ave.,
Third Floor
Rosemead 91770
17 Diversified Title and Escrow 1,969.6
Services (15) (5)
4401 N. Atlantic Ave.,
Third Floor
Long Beach 90807
18 American Coast Title (19) 2,357.5
1119 W. Glenoaks Blvd.
Glendale 91202
19 Commerce Title (18) (8) 1,745.7
550 N. Brand Blvd., Suite 200
Glendale 91203
20 Provident Title (20) 1,483.3
9300 Wilshire Blvd., Suite 100
Beverly Hills 90212
21 Ticor Title (23) 1,643.3
131 N. El Molino Ave., Suite 130
Pasadena 91101
22 First Southwester Title (21) 1,094.8
790 E. Colorado Blvd., Suite 700
Pasadena 91101
23 California Title (25) 497.8
15165 Ventura Blvd., Suite 245
Sherman Oaks 91403
24 New Century Title (24) 671
16485 Laguna Canyon Road,
Suite 210
Irvine 92618
25 California Counties Title (22) 547.1
17547 Ventura Blvd., Suite 305
Encino 91316
IN MILL IONS
Rank Company (Ranking in 2002) Sales
* name Mortgages Insured
* address
1 Fidelity National Title (1) $5,439.2
6060 Sepulveda Blvd.
Van Nuys 91411
2 First American Title (2) 5,355.5
520 N. Central Ave.
Glendale 91203
3 Chicago Title (3) 4,362.5
535 N. Brand Blvd.,
Suite 400
Glendale 91208
4 Southland Title (4) 3,042.9
7530 N. Glenoaks Blvd.
Burbank 91504
5 American Title (5) 1,740.6
550 N. Brand Blvd.,
Suite 600
Glendale 91203
6 Stewart Title (8) 1,730.8
505 N. Brand Blvd.,
Suite 1200
Glendale 91203
7 Equity Title (6) 4,362.8
425 W. Broadway, Suite 300
Glendale 91204
8 Lawyers Title (7) 2,179.1
251 S. Lake Ave., Fourth Floor
Pasadena 91101
9 Investors Title (9) 2,092.5
101 E. Glenoaks Blvd.
Glendale 91203
10 Gateway Title (12) 1,299.7
1405 N. San Fernando Blvd.
Burbank 91504
11 Land American Common 1,862.4
Wealth (10) (4)
655 N. Central Ave,
22nd Floor
Glendale 91203
12 North American Title (11) 1,510
520 N. Brand Blvd.
Glendale 91203
13 United Title (14) 549
3250 Wilshire Blvd.,
18th Floor
Los Angeles 90010
14 Old Republic Title (13) 1,011.6
450 N. Brand Blvd.,
Eighth Floor
Glendale 91203
15 Orange Coast Title (16) 709.9
14320 Firestone Blvd.,
Suite 300
La Mirada 90638
16 Landsafe Title (17) $245.4
1515 Walnut Grove Ave.,
Third Floor
Rosemead 91770
17 Diversified Title and Escrow 565.1
Services (15) (5)
4401 N. Atlantic Ave.,
Third Floor
Long Beach 90807
18 American Coast Title (19) 160.2
1119 W. Glenoaks Blvd.
Glendale 91202
19 Commerce Title (18) (8) 588.2
550 N. Brand Blvd., Suite 200
Glendale 91203
20 Provident Title (20) 530.9
9300 Wilshire Blvd., Suite 100
Beverly Hills 90212
21 Ticor Title (23) 294.9
131 N. El Molino Ave., Suite 130
Pasadena 91101
22 First Southwester Title (21) 493.9
790 E. Colorado Blvd., Suite 700
Pasadena 91101
23 California Title (25) 810.7
15165 Ventura Blvd., Suite 245
Sherman Oaks 91403
24 New Century Title (24) 47.8
16485 Laguna Canyon Road,
Suite 210
Irvine 92618
25 California Counties Title (22) 153.9
17547 Ventura Blvd., Suite 305
Encino 91316
IN MILL
IONS
Rank Company (Ranking in 2002) Construction
* name Mortgages
* address Insured
1 Fidelity National Title (1) $254.6
6060 Sepulveda Blvd.
Van Nuys 91411
2 First American Title (2) 730.1
520 N. Central Ave.
Glendale 91203
3 Chicago Title (3) 726.3
535 N. Brand Blvd.,
Suite 400
Glendale 91208
4 Southland Title (4) 55.9
7530 N. Glenoaks Blvd.
Burbank 91504
5 American Title (5) 25
550 N. Brand Blvd.,
Suite 600
Glendale 91203
6 Stewart Title (8) 480.2
505 N. Brand Blvd.,
Suite 1200
Glendale 91203
7 Equity Title (6) 54.9
425 W. Broadway, Suite 300
Glendale 91204
8 Lawyers Title (7) 171.7
251 S. Lake Ave., Fourth Floor
Pasadena 91101
9 Investors Title (9) 201.2
101 E. Glenoaks Blvd.
Glendale 91203
10 Gateway Title (12) 18.5
1405 N. San Fernando Blvd.
Burbank 91504
11 Land American Common 119.7
Wealth (10) (4)
655 N. Central Ave,
22nd Floor
Glendale 91203
12 North American Title (11) 182.6
520 N. Brand Blvd.
Glendale 91203
13 United Title (14) 48.5
3250 Wilshire Blvd.,
18th Floor
Los Angeles 90010
14 Old Republic Title (13) 55.7
450 N. Brand Blvd.,
Eighth Floor
Glendale 91203
15 Orange Coast Title (16) 52.4
14320 Firestone Blvd.,
Suite 300
La Mirada 90638
16 Landsafe Title (17) $3
1515 Walnut Grove Ave.,
Third Floor
Rosemead 91770
17 Diversified Title and Escrow 17.2
Services (15) (5)
4401 N. Atlantic Ave.,
Third Floor
Long Beach 90807
18 American Coast Title (19) 16.4
1119 W. Glenoaks Blvd.
Glendale 91202
19 Commerce Title (18) (8) 5
550 N. Brand Blvd., Suite 200
Glendale 91203
20 Provident Title (20) 40.1
9300 Wilshire Blvd., Suite 100
Beverly Hills 90212
21 Ticor Title (23) 9
131 N. El Molino Ave., Suite 130
Pasadena 91101
22 First Southwester Title (21) 3.9
790 E. Colorado Blvd., Suite 700
Pasadena 91101
23 California Title (25) 4.1
15165 Ventura Blvd., Suite 245
Sherman Oaks 91403
24 New Century Title (24) 3.8
16485 Laguna Canyon Road,
Suite 210
Irvine 92618
25 California Counties Title (22) 1.9
17547 Ventura Blvd., Suite 305
Encino 91316
Rank Company (Ranking in 2002) Profile
* name * year established (1)
* address * headquarters
1 Fidelity National Title (1) 1848 (3)
6060 Sepulveda Blvd. Santa Barbara
Van Nuys 91411
2 First American Title (2) 1964
520 N. Central Ave. Santa Ana
Glendale 91203
3 Chicago Title (3) 1962
535 N. Brand Blvd., Santa Barbara
Suite 400
Glendale 91208
4 Southland Title (4) 1985
7530 N. Glenoaks Blvd. Burbank
Burbank 91504
5 American Title (5) 1993
550 N. Brand Blvd., Irvine
Suite 600
Glendale 91203
6 Stewart Title (8) 1961
505 N. Brand Blvd., Glendale
Suite 1200
Glendale 91203
7 Equity Title (6) 1980
425 W. Broadway, Suite 300 Glendale
Glendale 91204
8 Lawyers Title (7) 1961
251 S. Lake Ave., Fourth Floor Richmond, Va.
Pasadena 91101
9 Investors Title (9) 1982
101 E. Glenoaks Blvd. Glendale
Glendale 91203
10 Gateway Title (12) 1967
1405 N. San Fernando Blvd. Burbank
Burbank 91504
11 Land American Common 1969
Wealth (10) (4)
655 N. Central Ave, Richmond, Va.
22nd Floor
Glendale 91203
12 North American Title (11) 1957
520 N. Brand Blvd. Walnut Creek
Glendale 91203
13 United Title (14) 1978
3250 Wilshire Blvd., Los Angeles
18th Floor
Los Angeles 90010
14 Old Republic Title (13) 1978
450 N. Brand Blvd., San Francisco
Eighth Floor
Glendale 91203
15 Orange Coast Title (16) 1974
14320 Firestone Blvd., Santa Ana
Suite 300
La Mirada 90638
16 Landsafe Title (17) 1995
1515 Walnut Grove Ave., Plano, Texas
Third Floor
Rosemead 91770
17 Diversified Title and Escrow 1989
Services (15) (5)
4401 N. Atlantic Ave., Long Beach
Third Floor
Long Beach 90807
18 American Coast Title (19) 1989
1119 W. Glenoaks Blvd. Glendale
Glendale 91202
19 Commerce Title (18) (8) 1950 (7)
550 N. Brand Blvd., Suite 200 Dallas (7)
Glendale 91203
20 Provident Title (20) 1986
9300 Wilshire Blvd., Suite 100 Beverly Hills
Beverly Hills 90212
21 Ticor Title (23) 1990
131 N. El Molino Ave., Suite 130 Santa Barbara
Pasadena 91101
22 First Southwester Title (21) 1989
790 E. Colorado Blvd., Suite 700 Pasadena
Pasadena 91101
23 California Title (25) 1999
15165 Ventura Blvd., Suite 245 Mission Viejo
Sherman Oaks 91403
24 New Century Title (24) 1998
16485 Laguna Canyon Road, Phoenix
Suite 210
Irvine 92618
25 California Counties Title (22) 1972
17547 Ventura Blvd., Suite 305 Irvine
Encino 91316
Rank Company (Ranking in 2002) Top Local Executive
* name * name
* address * title
* phone
1 Fidelity National Title (1) Cindy Fried
6060 Sepulveda Blvd. president, county manager
Van Nuys 91411 (818) 881-7800
2 First American Title (2) Ted Moore
520 N. Central Ave. president
Glendale 91203 (818) 242-5800
3 Chicago Title (3) Mike Risser
535 N. Brand Blvd., county manager
Suite 400 (818) 265-7873
Glendale 91208
4 Southland Title (4) David Cronenbold Jr.
7530 N. Glenoaks Blvd. ceo, president
Burbank 91504 (818) 767-2000
5 American Title (5) Christopher White
550 N. Brand Blvd., branch manager
Suite 600 (818) 265-0370
Glendale 91203
6 Stewart Title (8) Nick Pappas
505 N. Brand Blvd., division president
Suite 1200 (818) 502-2700
Glendale 91203
7 Equity Title (6) Steve Barth
425 W. Broadway, Suite 300 executive vice president
Glendale 91204 (310) 470-1007
8 Lawyers Title (7) Sid Phair
251 S. Lake Ave., Fourth Floor county manager
Pasadena 91101 (626) 304-2700
9 Investors Title (9) Robert Snell
101 E. Glenoaks Blvd. president
Glendale 91203 (818) 476-4000
10 Gateway Title (12) Spike Burlingame
1405 N. San Fernando Blvd. president
Burbank 91504 (818) 953-2300
11 Land American Common Roberto Olivera
Wealth (10) (4)
655 N. Central Ave, v.p., county manager
22nd Floor (818) 552-7000
Glendale 91203
12 North American Title (11) Doug Murphy
520 N. Brand Blvd. So. Cal. regional manager
Glendale 91203 (800) 660-2728
13 United Title (14) Jerome Smolar
3250 Wilshire Blvd., president
18th Floor (800) 464-4882
Los Angeles 90010
14 Old Republic Title (13) Bob Elliott
450 N. Brand Blvd., county manager
Eighth Floor (818) 247-2917
Glendale 91203
15 Orange Coast Title (16) Mike Marconi
14320 Firestone Blvd., president
Suite 300 (213) 625-8455
La Mirada 90638
16 Landsafe Title (17) Michael Faine
1515 Walnut Grove Ave., president
Third Floor (626) 927-3100
Rosemead 91770
17 Diversified Title and Escrow Scott Kobler
Services (15) (5)
4401 N. Atlantic Ave., president
Third Floor (562) 422-0045
Long Beach 90807
18 American Coast Title (19) Frank Berriz
1119 W. Glenoaks Blvd. president
Glendale 91202 (818) 548-0001
19 Commerce Title (18) (8) Kevin Weaver
550 N. Brand Blvd., Suite 200 county manager
Glendale 91203 (818) 662-3500
20 Provident Title (20) Jerry Millsaps
9300 Wilshire Blvd., Suite 100 president
Beverly Hills 90212 (310) 247-4950
21 Ticor Title (23) Kelly Nuno
131 N. El Molino Ave., Suite 130 v.p., So. Cal. manager
Pasadena 91101 (866) 842-6711
22 First Southwester Title (21) Steve George
790 E. Colorado Blvd., Suite 700 ceo
Pasadena 91101 (626) 568-9200
23 California Title (25) Robert Neville
15165 Ventura Blvd., Suite 245 president, So. Cal. div.
Sherman Oaks 91403 (818) 382-9889
24 New Century Title (24) Scott McGuire
16485 Laguna Canyon Road, asst. vice president
Suite 210 (949) 417-1900
Irvine 92618
25 California Counties Title (22) Rick Mendiaz
17547 Ventura Blvd., Suite 305 regional sales manager
Encino 91316 (818) 528-2801
(1) In L.A. County.
(2) Percentage based on the total number of mortgages insured, not
their dollar value.
(3) Origins of Western Title Insurance Co. that later became Fidelity
National Title.
(4) Formerly Commonwealth Land Title.
(5) Formerly South Coast Title.
(6) Formerly Benefit Land Title Co. Became subsidiary of Centex Corp.
on Jan. 1, 2002.
(7) Information for Centex Corp.
Numerical data were supplied by DataQuick Information Systems. Other
information was provided by the companies themselves.
To the best of our knowledge, the 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] 2003 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 Nicole Taylor
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion