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Westcor Credits Independent Agents for Increased Market Share
Winter Park, FL, September 13, 2007—Westcor Land Title Insurance Company, the nation’s leading independent title insurance underwriter, reports an increase in market share for the second quarter of 2007. According to preliminary data released by the American Land Title Association (ALTA), Westcor has strengthened its position within the title insurance segment.
Westcor advanced its market share from the first quarter of 2007, reaching a national ranking of tenth among compiled affiliated underwriters. In addition, initial data show Westcor as fifth in Florida among compiled affiliated underwriters. Share percentages for other states show sustained presence of 5% in Nevada and 1% in California. The figures also confirm steady expansion in the Colorado, Arizona, and Alabama markets.
As Westcor continues to solidify its market position among competitors for the second quarter of 2007, the company credits its independent agents for their role in its steady progress. "Our agents know that we support their hard-won successes, particularly with current market conditions. Their achievements, in large part, determine our company’s success in the industry," said Mary O’Donnell, president of Westcor.
Now licensed in 23 states, Westcor continues to grow nationwide by offering support and development to quality independent title agents. The underwriter attributes attaining a greater portion of the market to its business philosophy and practice of consistently providing outstanding personalized service to independent title agents.
Westcor Welcomes Mary Frances Meyers to the Florida Office Team
September 25, 2007
Westcor is pleased to announce the newest member of the Florida Office team, Mary Frances Meyers. Formerly with Attorneys’ Title Insurance Fund, Inc., Mary Frances brings over 20 years of real estate law and title insurance experience to Westcor. As part of the legal staff, Mary Frances is available to assist with underwriting and claims matters.
Despite Slow Market,
Westcor Reports Increase
May 9, 2007
Though the market is slowing, Westcor Land Title Insurance Company (Westcor)
is reporting significant increases in its first quarter financial results. Agency
Title Premium revenue increased 17.4% and open Title Orders are up 30% as compared
to the same period last year. Westcor's pre-tax operating income gained 19.4% at
the close of 2007's first quarter compared to the first quarter of 2006.
Mary O'Donnell, Westcor's president, attributes the increase to the company's firm
commitment to the independent title agent. "Our growth signifies that our message
is resonating with independent agents," explains Ms. O'Donnell. "We anticipate our
growth to steadily increase as we take our message to other markets. That will fuel
our expansion nationwide."
Westcor 's business model is focused on supporting independent title agents. The
company's expansion is following the growth patterns of independent title agents
throughout the country. Westcor is not concentrating on market share, but rather
is fixed on identifying those agents that are best served by an independent underwriter.
These agents receive traditional underwriting services, along with personalized
advice and counsel from local representatives that can greatly contribute to an
agent's success.
Westcor Announces New
Western Agency Operations Office
Now providing services
in California, Colorado, Arizona, Utah, Montana, Nebraska, Kansas, Nevada and Idaho
May 7, 2007
Westcor Land Title Insurance Company, the nation’s leading independent
underwriter, has announced its Western Agency Operations office is now open for
business in Denver, Colorado, to support independent title agencies in states west
of the Mississippi. The company offers a full menu of underwriting services to independent
agents that can be customized to meet and support individual agency needs.
“We’re really excited about our new office,” said Mary O’Donnell, Westcor’s president.
“We have an experienced staff that brings a wealth of knowledge in the settlement
services industry.”
Westcor is a full-service underwriter that prides itself on independence. Its foundation
is built to engage independent agencies looking for an alternative to the industry’s
established underwriters. Westcor’s purpose is to provide support solutions that
promote stability, growth and continued independence. From its base in Denver, the
new office offers independent agencies traditional underwriting services with a
customized approach. Every agent is treated on an individual basis to assist with
local licensing requirements and/or business practices, affording convenience and
functionality for their businesses to thrive.
“Our resources and services encourage independent agents to stay independent,” said
O’Donnell. “Our unique approach has been well-received. Current western customers
express appreciation for our proactive support and believe our culture and mission
make a difference.”
Scott Chandler, Vice President and Regional Manager, of Western Agency is an industry
veteran. Prior to his post at Westcor, Mr. Chandler spent a number years at United
General.
“Our team has provided many years of quality service and value to our customers.
We have a solid, dedicated group of professionals ready to provide solutions,” said
Chandler. “Our success is measured by our customers’success. If they do well, we
will too.”
Two other industry veterans on our team with 30+ years of experience are Robert
T. “Bo” Edwards, National Counsel and Jim Grasso, Western Agency Representative.
Westcor Welcomes Robert T. "Bo" Edwards to the Western Region Team
May 1, 2007
Westcor is happy to announce its newest team member,
Robert T. "Bo" Edwards to the Western Region as National Counsel. Formerly
Senior Vice President and General Counsel for United General Title Insurance Company,
Bo's 35+ years of practicing law has primarily been devoted to real estate transactions.
We look forward to Bo joining our team and can expect the highest excellence from
him at Westcor.
 Online
Jacket Printing Comes to eWestcor
April 2, 2007
The wait is over. We are pleased to announce the roll out of
our Customer Portal application, eWestcor (http://www.ewestcor.com). Included in this
first release is WLTIC's Jacket Generator Pro, which will allow authorized agents
to issue and print policy jackets immediately online. By
mid June we will be adding ICS Letters to the portal as well.
If you would like more information on how to get your office on eWestcor, please contact
us at customerassistance@ewestcor.com.
 Westcor Welcomes Barbara Allen to the Florida Office
Team
December 19, 2006
Westcor is happy to announce its newest team member, Barbara Allen,
to the Florida Office. Formerly of American Pioneer, Ms. Allen brings to Westcor
her many years of experience and connections to the title
insurance industry.
We look forward to Barbara joining our team and can expect a great many things from her in the near future.
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