Valley title companies: ranked by dollar value of mortgages insured during 2004.EXECUTIVE SUMMARY ALTHOUGH the 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. market for mortgages has dropped dramatically, title insurance companies last year were still seeing the vast majority of their business come from refi transactions and not sales transactions. In general, title companies last year wrote twice as many refinance policies as they did policies on home sales, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Business Journal's list. The one exception was Equity Title Co., which generated 60 percent of its business last year from policies on home sales. There was a slight decrease in the volume of 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. in 2004 by companies on the Business Journal list, compared to those who reported in 2003. Orange Coast Title Co. led the way with construction mortgages (8,000), followed by 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 (3,224), and 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 (354). While the majority of refinance mortgages decreased from 2003, some title insurers saw an increase in business from home sales including Chicago Title (19,260), Equity (14,872) and Ticor Title Co. (13,504). THE PACESETTER FIDELITY NATIONAL TITLE INSURANCE CO. FIDELITY National Title Insurance Co. was the largest title 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. on the Business Journal's list with 29.4 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 for 2004. Refinanced mortgages generated 47 percent of the total mortgages insured by Fidelity in 2004, while home sales generated 31 percent. Fidelity National Title is a division of Fidelity National Financial (FNF FNF Fidelity National Financial FNF File Not Found FNF Friedrich Naumann Foundation FNF Forgiven, Not Forgotten FnF Frags'n'fries (Battlefield gaming clan) FNF Fastest Node First (algorithm) ), as are Chicago Title (ranked No. 3) and Ticor Title Co. of 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). (ranked No. 6). After the acquisition of Chicago Title in 2000, FNF 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. . In 2004, the company totaled $8.3 billion in sales.
Rank Company Total Mortgages Insured (1)
* name * dollar volume (millions)
* address * market share 2
* number of mortgages insured
1 Fidelity National Title $29,427
6060 Sepulveda Blvd. # 1100 14.02%
Van Nuys 91411 102,855
2 First American Title Co. 26,125
520 N. Central Ave. 12.39%
Glendale 91203 85102
3 Chicago Title 22420
535 N. Brand Blvd. #300 8.40%
Glendale 91203 62720
4 Southland Title 13,148.50
7530 N. Glenoaks Blvd. 6.00%
Burbank 91504 41,475
6 Equi Title Co. 12,971
425 W. Broadway Suite 300 10.84%
Glendale 91204 24197
6 Ticor Title Co. of California 12,513
500 N. Central Ave. Suite 500 5.62%
Glendale 91203 45014
7 Stewart Title of California Inc. 10,443.50
525 N. Brand Blvd. 6.00%
Glendale 91203 29,921
6 Orange Coast Title Co. 9,879
8926 Sunland Blvd. #107-G NA
Sun Valley 91352 95,361
9 United Title Co. 6,916
500 Brand Blvd. Suite 1100 3.28%
Glendale 91203 23,617
Company Refinance Sales
* name * number of * number of
* address mortgages insured mortgages insured
Fidelity National Title 48,647 31,906
6060 Sepulveda Blvd. # 1100
Van Nuys 91411
First American Title Co. 59,379 23,897
520 N. Central Ave.
Glendale 91203
Chicago Title 31,395 19,260
535 N. Brand Blvd. #300
Glendale 91203
Southland Title 28,731 12,744
7530 N. Glenoaks Blvd.
Burbank 91504
Equi Title Co. 9,325 14,872
425 W. Broadway Suite 300
Glendale 91204
Ticor Title Co. of California 31,510 13,504
500 N. Central Ave. Suite 500
Glendale 91203
Stewart Title of California Inc. 17,333 7,039
525 N. Brand Blvd.
Glendale 91203
Orange Coast Title Co. 57,216 30,145
8926 Sunland Blvd. #107-G
Sun Valley 91352
United Title Co. 16,144 3,452
500 Brand Blvd. Suite 1100
Glendale 91203
Company Construction
* name * number of
* address mortgages insured
Fidelity National Title 3,224
6060 Sepulveda Blvd. # 1100
Van Nuys 91411
First American Title Co. 297
520 N. Central Ave.
Glendale 91203
Chicago Title 354
535 N. Brand Blvd. #300
Glendale 91203
Southland Title 158
7530 N. Glenoaks Blvd.
Burbank 91504
Equi Title Co. 0
425 W. Broadway Suite 300
Glendale 91204
Ticor Title Co. of California 0
500 N. Central Ave. Suite 500
Glendale 91203
Stewart Title of California Inc. 186
525 N. Brand Blvd.
Glendale 91203
Orange Coast Title Co. 8,000
8926 Sunland Blvd. #107-G
Sun Valley 91352
United Title Co. 63
500 Brand Blvd. Suite 1100
Glendale 91203
Company Profile
* name * parent company
* address * year established
* headquarters
Fidelity National Title Fidelity National Financial
6060 Sepulveda Blvd. # 1100 1848
Van Nuys 91411 Jacksonville, FL
First American Title Co. First American Title Co.
520 N. Central Ave. 1889
Glendale 91203 Santa Ana
Chicago Title Fidelity National Financial
535 N. Brand Blvd. #300 1847
Glendale 91203 Jacksonville, FL
Southland Title LandAmerica Financial Group
7530 N. Glenoaks Blvd. 1985
Burbank 91504 Burbank
Equi Title Co. Cendant Corp.
425 W. Broadway Suite 300 1980
Glendale 91204 Glendale
Ticor Title Co. of California Fidelity National Financial
500 N. Central Ave. Suite 500 1961
Glendale 91203 Irvine
Stewart Title of California Inc. Stewart Title Guaranty
525 N. Brand Blvd. 1893
Glendale 91203 Houston, TX
Orange Coast Title Co. Orange Coast Title
8926 Sunland Blvd. #107-G 1979
Sun Valley 91352 Santa Ana
United Title Co. Nations Holding Group
500 Brand Blvd. Suite 1100 1976
Glendale 91203 Los Angeles
Company Top Local Executive
* name * name
* address * title
* phone
Fidelity National Title Cindy Fried
6060 Sepulveda Blvd. # 1100 President
Van Nuys 91411 (818) 881-7800
First American Title Co. Robert Schott
520 N. Central Ave. Regional Vice President
Glendale 91203 (818) 242-5800
Chicago Title Michael Risser
535 N. Brand Blvd. #300 Los Angeles County Manager
Glendale 91203 (818) 548-0222
Southland Title David Cronenbold, Jr.
7530 N. Glenoaks Blvd. President
Burbank 91504 (818) 767-2000
Equi Title Co. Dave Erb
425 W. Broadway Suite 300 Los Angeles County President
Glendale 91204 (818) 291-4400
Ticor Title Co. of California James Reynolds
500 N. Central Ave. Suite 500 Los Angeles County Manager
Glendale 91203 (818) 637-3700
Stewart Title of California Inc. Nick Pappas
525 N. Brand Blvd. Division President
Glendale 91203 (818) 502-2700
Orange Coast Title Co. Rich Macaluso
8926 Sunland Blvd. #107-G Chief Operating Officer
Sun Valley 91352 (818) 768-9084
United Title Co. Jerome M. Smolar
500 Brand Blvd. Suite 1100 President, CEO
Glendale 91203
NA: Not Available
(1) In L.A. County
(2) Percentage based on the total number of mortgages insured, not
their dollar value.
All data provided by the companies themselves.
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, San Fernando Business Journal, 21600 Oxnard
St., Suite 250, Woodland Hills 91367. 02005 San Fernando Valley
Business Journal. This list may not be reprinted in whole or in
part without prior written permission from the editor. Reprints
are available from Reprint Management Services, (800) 494-9051
x 130.
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